Downtown Walled Lake, Walled Lake, MI
Downtown Walled Lake — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Downtown Walled Lake, Walled Lake, Michigan. Explore the cited sources and local facts below while agent underwriting continues.
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Downtown Walled Lake Neighborhood Overview
Downtown Walled Lake serves as the historic and social heart of the city of Walled Lake, Michigan. Centered around the scenic 670-acre lake of the same name, this compact downtown area offers a charming, walkable environment. It provides residents with a classic small-town atmosphere while being conveniently located within the greater Detroit metropolitan region.
Lifestyle & Amenities
The neighborhood's lifestyle is defined by its proximity to the lake and its traditional Main Street. Residents enjoy easy access to local shops, restaurants, and community events held in the downtown district and at the public park along the water. The lake itself is a central amenity, offering opportunities for boating, fishing, and seasonal festivals that draw visitors from across the region.
Real Estate Market
The real estate market in Downtown Walled Lake features a mix of historic homes and newer constructions. According to the U.S. Census, the median home value is $266,300, while current market data indicates a price per square foot of approximately $223. This suggests a market with values above broader regional averages, reflecting the desirability of the downtown and lakeside location.
Schools & Education
Families in Downtown Walled Lake are served by the highly regarded Walled Lake Consolidated School District. The district operates several elementary, middle, and high schools known for strong academic programs. Specific school assignments are determined by precise location within the neighborhood and district boundaries.
Transportation & Connectivity
Downtown Walled Lake is well-connected by major roadways, including Maple Road (West Maple) and Pontiac Trail, providing direct routes to surrounding communities. While primarily a car-dependent area, the neighborhood's walkable core reduces the need for driving for daily errands. Public transportation options are available through the Suburban Mobility Authority for Regional Transportation (SMART) bus system.
Why Choose Downtown Walled Lake
Choosing Downtown Walled Lake means selecting a community with a strong sense of place, centered on a beautiful lake and an active downtown. It appeals to those seeking a quieter, community-oriented lifestyle without sacrificing convenient access to metropolitan amenities. The combination of natural beauty, local charm, and a stable housing market makes it a distinctive choice in Oakland County.
Downtown Walled Lake Market Data
| Metric | Value |
|---|---|
| Median Home Price | $266K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $84K |
| Homeownership Rate | 72.4% |
| Renter-Occupied | 27.6% |
| Rental Vacancy Rate | 3.7% |
| Market Type | Seller's |
| Market Tier | Mid-Market |
| Primary ZIP Code | 48390 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 264,220 |
| VA Loan Originations | 9,916 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $247K |
| Conventional Loan Originations | 227,996 |
| FHA Loan Originations | 26,308 |
Top Real Estate Agents in Downtown Walled Lake, Walled Lake
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Downtown Walled Lake, Walled Lake, MI. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Michigan Department of Licensing and Regulatory Affairs (LARA) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-14