Whitmore Lake, MI—48189
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Whitmore Lake, MI
As of Oct '25, the median home price in Whitmore Lake, MI is $347,000, with a year-over-year change of 2.4%. This indicates that home prices in Whitmore Lake, MI are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $347,000 | 2.4% |
| Single Family | $345,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $267,000 | 3.1% |
3 Bed | $364,000 | 3.7% |
4 Bed | $473,000 | 2.6% |
| 5 Bed | $574,000 | 2.3% |
% of Housing Stock
Rental Trends — Whitmore Lake, MI
As of July '25, Rentcast reports the average rent in Whitmore Lake, MI is $1,900, with a year-over-year rent change of -18.8%. Per bedroom, the median rent as of July '25 in Whitmore Lake, MI is 1-bedrooms: $1,210, 2-bedrooms: $1,700, 3-bedrooms: $2,370, 4-bedrooms: $2,600. The most common rental property sizes in Whitmore Lake, MI are 2-bedroom and 3-bedroom, accounting for 46.4% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,560 | $1,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,210 |
| 2 Bed Rent | $1,500 | $1,700 |
| 3 Bed Rent | $1,900 | $2,370 |
| 4 Bed Rent | $2,600 | $2,600 |
% of Rental Stock
Property Listings — Whitmore Lake, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Whitmore Lake, MI is 58. This is a decrease of -31.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $481,000 | 8.0% |
Listing Count | 53 | 7.0% |
| Listings as % of Homes | 0.2% | 7.0% |
Days on Market | 58 | -31.0% |
Demographics — Whitmore Lake, MI
As of the latest ACS Survey released in 2023, Whitmore Lake, MI has a population of 13,700, which has decreased by -2.0% over the past 5 years. Whitmore Lake, MI is a moderately popular place for families, as children make up 17.4% of the population. The area has a moderately educated workforce, with 38.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,700 | -2.0% |
% Under 18 | 17.4% | -10.8% |
% Seniors | 18.5% | 17.8% |
% WFH | 19.9% | 268.5% |
% w/ College Degree | 38.4% | 25.5% |
As of the latest ACS Survey released in 2023, Whitmore Lake, MI is a predominantly white area, with 90.6% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Whitmore Lake, MI is hispanic, making up 3.4% of the population. Foreign-born residents account for 3.1% of the population in Whitmore Lake, MI, and this percentage has increased by 14.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.6% | -3.8% |
% Black | 1.8% | 157.1% |
% Hispanic | 3.4% | 70.0% |
% Asian | 1.1% | 37.5% |
% Foreign Born | 3.1% | 14.8% |
Mortgage and Risk — Whitmore Lake, MI
According to HUD data as of 2023, there were 164 mortgage originations in Whitmore Lake, MI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Whitmore Lake, MI. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 164 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Whitmore Lake, MI
As of 2024, the percent of homes in Whitmore Lake, MI under the Section 8 program is 1.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Whitmore Lake, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,200 | $1,190 |
| 2 Bedroom | -$100 | $1,500 | $1,400 |
| 3 Bedroom | -$100 | $1,900 | $1,800 |
| 4 Bedroom | -$610 | $2,600 | $1,990 |
Affordability — Whitmore Lake, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $347,000 |
| Median Household Income | $82,400 |