What is the median rent in Walled Lake, MI?
The median gross rent in Walled Lake, MI is $1,419 (±$183) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 1,239 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Walled Lake, the median gross rent went from $1,037 in 2015–2019 to $1,419 in 2020–2024 (+36.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $1,419 (±$183)
- Rented homes
- 1,239 (±187)
- $2,000 or more
- 9.2%
- Since 2015–2019
- +36.8%
How much rent costs in Walled Lake
| Monthly gross rent | Walled Lake | Oakland County | Michigan | United States |
|---|---|---|---|---|
| Less than $500 | 6.5% (±3.7 points) | 4.6% | 8.3% | 6.3% |
| $500 to $999 | 16.7% (±7.6 points) | 15.4% | 30.1% | 20.2% |
| $1,000 to $1,499 | 32.7% (±13.2 points) | 39.5% | 38.4% | 28.1% |
| $1,500 to $1,999 | 34.9% (±14.4 points) | 24.3% | 15.1% | 21.1% |
| $2,000 to $2,499 | 7.3% (±5.9 points) | 9.7% | 5.0% | 12.0% |
| $2,500 to $2,999 | 1.3% (±2.0 points) | 3.0% | 1.4% | 5.5% |
| $3,000 or more | 0.6% (±1.4 points) | 3.6% | 1.7% | 6.8% |
The most common range is $1,500 to $1,999, paid by 34.9% of renting households.
9.2% of rented homes in Walled Lake cost $2,000 or more a month.
Walled Lake against Oakland County, its state and the nation
| Walled Lake | Oakland County | Michigan | United States | |
|---|---|---|---|---|
| Median gross rent | $1,419 (±$183) | $1,376 (±$14) | $1,129 (±$4) | $1,413 |
| Rented homes paying rent | 1,239 (±187) | 139,230 (±2,220) | 1,032,697 (±7,764) | 42,849,984 |
In Walled Lake, median gross rent is not measurably different from Oakland County ($1,376).
It is also higher than in Michigan ($1,129).
It is not measurably different from the national figure ($1,413).
In Oakland County, Walled Lake ranks 22 of 48 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 113 of 1,305.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Walled Lake has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,037 (±$34) | $1,419 (±$183) | +36.8% | No measurable change after inflation |
| Households that rent | 45.2% (±4.3 points) | 37.8% (±5.7 points) | −7.4 percentage points | Measurable decrease |
| Rental vacancy rate | 4.8% (±4.2 points) | 4.7% (±7.1 points) | −0.1 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Walled Lake
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Walled Lake | — | $1,419 (±$183) | — |
| Wolverine Lake | 1.3 mi | $2,051 (±$367) | Higher |
| Commerce Charter Township | 2.8 mi | $2,005 (±$149) | Higher |
| Wixom | 3.0 mi | $1,035 (±$36) | Lower |
| Novi | 4.1 mi | $1,747 (±$64) | Higher |
| West Bloomfield Charter Township | 4.9 mi | $2,031 (±$115) | Higher |
| Farmington Hills | 6.1 mi | $1,551 (±$50) | Not measurably different |
| Orchard Lake Village | 6.3 mi | $936 (±$268) | Lower |
| Northville | 7.0 mi | $1,623 (±$230) | Not measurably different |
Nearby places with a measurably lower figure: Wixom, MI ($1,035), Orchard Lake Village, MI ($936).
Nearby places with a measurably higher figure: Wolverine Lake, MI ($2,051), Commerce Charter Township, MI ($2,005), Novi, MI ($1,747).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Oakland County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 16 | Berkley | $1,526 (±$440) |
| 17 | White Lake Charter Township | $1,516 (±$184) |
| 18 | Lathrup Village | $1,483 (±$1,000) |
| 19 | Auburn Hills | $1,477 (±$39) |
| 20 | Milford Charter Township | $1,466 (±$393) |
| 21 | Independence Charter Township | $1,453 (±$88) |
| 22 | Walled Lake | $1,419 (±$183) |
| 23 | Oak Park | $1,396 (±$85) |
| 24 | Village of Clarkston | $1,382 (±$114) |
| 25 | Royal Oak | $1,381 (±$47) |
| 26 (tie) | Rochester | $1,350 (±$83) |
| 26 (tie) | Oxford Charter Township | $1,350 (±$166) |
| 28 (tie) | Farmington | $1,340 (±$54) |
Showing 13 of 48 places in Oakland County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Walled Lake
What is the average rent in Walled Lake, MI?
The Census Bureau publishes the median rather than the average: the median gross rent in Walled Lake is $1,419 (±$183) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Walled Lake?
In Walled Lake, the median gross rent went from $1,037 in 2015–2019 to $1,419 in 2020–2024 (+36.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Walled Lake cost more than $2,000 a month?
9.2% of rented homes in Walled Lake have a gross rent of $2,000 or more a month, and 6.5% cost less than $500.
Is rent in Walled Lake higher than in Oakland County?
In Walled Lake, median gross rent is not measurably different from Oakland County ($1,376).
It is also higher than in Michigan ($1,129).
It is not measurably different from the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Walled Lake city, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Walled Lake city, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Walled Lake city, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Walled Lake city, Michigan (place:83060, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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