Home prices
The median home in Wolverine Lake is valued at $197,000. Compared to its nearby areas it is roughly $127,100 (39%) lower.In comparison to the entire nation it is roughly $20,500 (9%) lower, and in comparison to the city of Detroit it is roughly $147,800 (300%) higher.
Rents
The median rent in Wolverine Lake is $988 a month. It is roughly $408 (29%) lower in comparison to the surrounding areas.In comparison to the United States as a whole it is approximately $74 (6%) lower, and it is roughly $164 (19%) higher in comparison to the city of Detroit.
Nearby places
Walled Lake
Walled Lake is Wolverine Lake's neighbor to the south. Its housing prices are significantly less expensive. The median home price in Walled Lake is $146,900, which is $50,100 (34%) lower than Wolverine Lake. Rents there are fairly similar. The median monthly rent in Walled Lake is $1,037, which comes out to $49 (4%) higher than Wolverine Lake.
Wixom
Wixom is about 2 miles southwest from Wolverine Lake. The real estate prices there are a little more expensive. The median home value in Wixom is $249,300, which comes out to $52,300 (20%) higher than Wolverine Lake. Its rents are substantially less expensive. The median monthly rent in Wixom is $745, which is $243 (32%) lower than Wolverine Lake.
Novi
Novi is about 4 miles south from Wolverine Lake. Its housing prices are significantly more expensive. The median home in Novi is valued at $322,100, which works out to $125,100 (38%) higher than Wolverine Lake. Rents there are a bit more expensive. The median rent in Novi is $1,347 per month, which is $359 (26%) higher than Wolverine Lake.
Orchard Lake Village
Orchard Lake Village is about 5 miles east of Wolverine Lake. Housing prices there are significantly more expensive. The median home in Orchard Lake Village costs $645,500, which comes out to $448,500 (69%) higher than Wolverine Lake. Its rents are significantly more expensive. In Orchard Lake Village the median monthly rent is $3,067, which is $2,079 (67%) higher than Wolverine Lake.
Milford
Milford is roughly 5 miles northwest from Wolverine Lake. Its real estate prices are a little more expensive. The price of the median home in Milford is $256,700, which is $59,700 (23%) higher than Wolverine Lake. Rent there is a bit less expensive. The median monthly rent in Milford is $782, which is $206 (26%) lower than Wolverine Lake.
