Everything You Should Know Before Moving to Walloon Lake, MI
Considering a move to Walloon Lake, MI? This small lakeside community of around 300 residents offers scenic living, a low crime rate, and affordable housing with a median home price of $395,000. With a cost of living index below the national average, short 24-minute commutes, and strong owner-occupancy, Walloon Lake is ideal for those seeking tranquility near nature. Local schools are served by nearby Boyne City, and the climate provides all four seasons with plenty of sunny days. Explore more about its lifestyle, housing, and amenities below!
Demographics - Walloon Lake, MI
Demographics - Walloon Lake, MI
Walloon Lake is a small, close-knit community of about 300 residents, with a median age of 52 years and a balanced gender ratio. The population is predominantly White and features a low percentage of non-English speakers, contributing to a friendly, familiar atmosphere.
Population:
300
Density:
80 per sq mi
Median Age:
52.0
Gender Ratio:
100 males per 100 females
Non-English Speakers Percentage:
3.5%
Ethnic Composition
White:
96.5%
Black:
0.5%
Asian:
0.5%
Others:
2.5%
Cost Of Living
What is the average cost of living in Walloon Lake, MI?
Walloon Lake offers a cost of living index slightly below the national average, making it an affordable spot for many families. Housing is a significant expense, with a median home value of $395,000 and average rent at $1,150, while everyday costs like groceries and utilities remain reasonable.
Median House Value:
$395,000
Gross Rent:
$1,150
Monthly Electricity Charges:
$115
Auto Insurance:
$1,340
House Owner Cost With Mortgage:
$1,950
House Owner Cost Without Mortgage:
$575
State Taxes:
Low:
4.25%
|
High:
4.25%
Cost Of Living Index:
97.5
Grocery:
93.5
Housing:
98.2
Utilities:
101.0
Transportation:
105.0
Health Care:
97.8
Miscellaneous:
95.0
Crime
Is Walloon Lake, MI a safe place to live?
Walloon Lake is considered a very safe community, with only 95 violent crimes and 650 property crimes reported per 100,000 residents. Residents have a low chance of encountering crime, making it a peaceful place for families and retirees.
Violent Crimes Per 100k:
95
Property Crimes Per 100k:
650
Crime Index:
745
Chance Of Violent Crime:
1 in 1,050
Chance Of Property Crime:
1 in 154
Weather
What is the weather like in Walloon Lake, MI year-round?
Residents enjoy all four seasons, with warm summers reaching highs of 79°F and cold winters dipping to 17°F. The area receives about 32 inches of rainfall annually and enjoys sunshine roughly half the year, offering a classic northern Michigan climate.
Winter
Min:
17°F
Max:
30°F
Spring
Min:
34°F
Max:
62°F
Summer
Min:
56°F
Max:
79°F
Fall
Min:
37°F
Max:
62°F
Average Rainfall Inches:
32.1 inches
Sunny Days Percentage:
50%
Neighbors
Walloon Lake's neighborhood features a median household income of $64,800 and a family income of $76,200, with a poverty rate below 10%. Most residents commute about 24 minutes to work, and the community is well-educated, with 93% holding a high school diploma or higher.
Median Income:
$30,500
Household Income:
$64,800
Family Income:
$76,200
Per Capita Income:
$36,100
Income Male:
$41,000
Income Female:
$32,000
Poverty Rate:
9.8%
Non English Speakers:
3.5%
Rent:
$1,150
Unemployment Rate:
5.7%
Public Transport Usage:
0.2%
Commute Time:
23.6 minutes
Education
High School or Higher:
93.0%
Bachelors or More:
28.0%
Education
How are the schools in Walloon Lake, MI?
Walloon Lake families are served by Boyne City Public Schools, offering quality public education with a student-teacher ratio of 19:1. Private options and nearby colleges, such as North Central Michigan College in Petoskey, provide additional academic opportunities for all ages.
Public Schools
Name:
Boyne City Public Schools
Street:
321 S Park St
Phone:
231-439-8190
Students:
1,400
Student Teacher Ratio:
19.2
Private Schools
Name:
St. Francis Xavier School
Street:
220 Church St, Petoskey
Phone:
231-347-3651
Students:
175
Colleges
Name:
North Central Michigan College
City:
Petoskey
State:
MI
Distance:
10 miles
Students:
2,500
Healthcare
Healthcare needs are well-served, with major hospitals like McLaren Northern Michigan Hospital nearby and a physician availability of 1.9 per 1,000 residents. Over 92% of residents have health insurance coverage, supporting a healthy and secure lifestyle.
Major Hospitals
Name:
McLaren Northern Michigan Hospital
Address:
416 Connable Ave, Petoskey, MI 49770
Phone:
(231) 487-4000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.9
Health Insurance Coverage:
92.4%
Health Care Index:
77.3
Housing Market
What is the housing market like in Walloon Lake, MI?
The housing market in Walloon Lake is dominated by owner-occupied homes, with 84% of residents owning their properties. The median home price stands at $395,000, and the area has experienced steady appreciation, making it attractive for long-term investment.
Median Home Price:
$395,000
Average Rent For 2 Bedroom:
$1,150
Owner Occupied Rate:
84.0%
Rental Vacancy Rate:
5.9%
Home Appreciation Rate (1yr):
4.2%
New Construction Rate:
1.1%
Foreclosure Rate:
0.3%
DMV Information
Walloon Lake residents can access DMV services through the Michigan Secretary of State office located in nearby Petoskey. Services include licensing, vehicle registration, and more, with convenient contact options and an online website for appointments or questions.
State:
Michigan
Department:
Michigan Secretary of State
Address:
200 Division St Suite E, Petoskey, MI 49770
Phone:
1-888-767-6424
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.