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MI area data

Walloon Lake, MI

Walloon Lake, MI.

Population: 359 (Census ACS)

Home values & appreciation

Median home value
$984,533
1-year appreciation
+11.3%
3-year appreciation
+26.4%
5-year appreciation
+45.4%
10-year appreciation
+114.2%
All-time peak (2026-04)
$988,323
House Price Index
387.5 (+5.5% YoY)

Affordability

Cost of living index (Below Average)
92.0 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Natural hazards & flood risk

Overall hazard risk
Very Low
Top hazards
coldWave

Climate (30-year normals)

Average annual temperature
47.0°F
Average high
57.0°F
Average low
37.0°F
Annual precipitation
38.3 in
Annual snowfall
107.7 in

Amenities

National parks within ~60 mi
1
Nearest national park
Sleeping Bear Dunes National Lakeshore (58 mi)
Nearest airport
Boyne City Municipal Airport (4 mi)
Nearest major airport
Pellston Regional Airport of Emmet County Airport (PLN) (24 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
EV charging stations (within 10 mi)
22
Solar radiation rating
Fair (3.7 kWh/m²/day)

Migration

Net migration
+48 tax filers

Housing stock

Median year housing built
1,978
Median annual property tax
$2,317
Households with broadband internet
75.5%

Employment & development

Total county employment
9,141
Average weekly wage
$1,086
Top industries (by employment)
Accommodation & Food, Construction, Administrative Services
Annual residential building permits (county)
113

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents