Home prices
The price of the median home in Walloon Lake is $166,700. Compared to the surrounding areas this is approximately $17,340 (11%) higher.In comparison to the rest of the nation it is about $50,800 (23%) lower, and is roughly $74,200 (80%) higher compared to the city of Sault Ste. Marie.
Rents
In Walloon Lake the median monthly rent is $1,000. It is about $270 (36%) higher in comparison to other places in this area.Compared to the rest of the country it is approximately $62 (5%) lower, and compared to the city of Sault Ste. Marie is approximately $302 (43%) higher.
Nearby places
Boyne City
Boyne City is roughly 4 miles southwest of Walloon Lake. Housing prices there are somewhat less expensive. The median home price in Boyne City is $147,500, which is $19,200 (13%) lower than Walloon Lake. Rents there are substantially less expensive. The median rent in Boyne City is $737 per month, which comes out to $263 (35%) lower than Walloon Lake.
Petoskey
Petoskey is approximately 6 miles north from Walloon Lake. Its housing prices are a little more expensive. The median home in Petoskey is valued at $177,000, which comes out to $10,300 (5%) higher than Walloon Lake. Its rents are substantially less expensive. In Petoskey the median monthly rent is $714, which works out to $286 (40%) lower than Walloon Lake.
Boyne Falls
Boyne Falls is approximately 6 miles south from Walloon Lake. The housing prices there are significantly less expensive. Boyne Falls's median home price is $105,800, which works out to $60,900 (57%) lower than Walloon Lake. Rent there is substantially less expensive. The median monthly rent in Boyne Falls is $725, which is $275 (37%) lower than Walloon Lake.
Harbor Springs
Harbor Springs is about 10 miles north of Walloon Lake. The housing prices there are a bit more expensive. The median home cost in Harbor Springs is $244,800, which is $78,100 (31%) higher than Walloon Lake. Its rents are somewhat less expensive. The median monthly rent in Harbor Springs is $877, which comes out to $123 (14%) lower than Walloon Lake.
Oden
Oden is roughly 10 miles northeast from Walloon Lake. The real estate prices there are substantially less expensive. The median home in Oden is valued at $71,700, which works out to $95,000 (132%) lower than Walloon Lake. Rents there are significantly less expensive. Oden's median monthly rent is $599, which works out to $401 (66%) lower than Walloon Lake.
