White Lake, MI—48386
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in White Lake, MI
Home Price Trends — White Lake, MI
As of Oct '25, the median home price in White Lake, MI is $367,000, with a year-over-year change of 3.6%. This indicates that home prices in White Lake, MI are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $367,000 | 3.6% |
| Single Family | $369,000 | 3.4% |
| Condos | $355,000 | 3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $285,000 | 2.2% |
3 Bed | $351,000 | 3.5% |
4 Bed | $474,000 | 3.9% |
| 5 Bed | $567,000 | 2.5% |
% of Housing Stock
Rental Trends — White Lake, MI
As of July '25, Rentcast reports the average rent in White Lake, MI is $1,620, with a year-over-year rent change of -27.0%. Per bedroom, the median rent as of July '25 in White Lake, MI is 1-bedrooms: $1,130, 2-bedrooms: $1,340, 3-bedrooms: $2,320. The most common rental property sizes in White Lake, MI are 2-bedroom and 3-bedroom, accounting for 51.2% and 17.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,380 | $1,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $1,130 |
| 2 Bed Rent | $1,380 | $1,340 |
| 3 Bed Rent | $2,000 | $2,320 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — White Lake, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in White Lake, MI is 34. This is a decrease of -41.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $371,000 | -10.0% |
Listing Count | 58 | -10.0% |
| Listings as % of Homes | 0.6% | -10.0% |
Days on Market | 34 | -41.0% |
Demographics — White Lake, MI
As of the latest ACS Survey released in 2023, White Lake, MI has a population of 17,900, which has remained stable by 0.2% over the past 5 years. White Lake, MI is a moderately popular place for families, as children make up 20.0% of the population. The area has a moderately educated workforce, with 33.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,900 | 0.2% |
% Under 18 | 20.0% | -3.4% |
% Seniors | 20.9% | 25.9% |
% WFH | 13.8% | 133.9% |
% w/ College Degree | 33.5% | 2.1% |
As of the latest ACS Survey released in 2023, White Lake, MI is a predominantly white area, with 89.5% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in White Lake, MI is hispanic, making up 3.6% of the population. Foreign-born residents account for 5.3% of the population in White Lake, MI, and this percentage has increased by 8.2% 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 | 89.5% | -4.7% |
% Black | 1.5% | 50.0% |
% Hispanic | 3.6% | 50.0% |
% Asian | 0.7% | -41.7% |
% Foreign Born | 5.3% | 8.2% |
Mortgage and Risk — White Lake, MI
According to HUD data as of 2023, there were 424 mortgage originations in White Lake, MI, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in White Lake, MI. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 424 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — White Lake, MI
White Lake, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $580 | $750 | $1,330 |
| 2 Bedroom | $300 | $1,380 | $1,680 |
| 3 Bedroom | $60 | $2,000 | $2,060 |
| 4 Bedroom | N/A | N/A | $2,230 |
Affordability — White Lake, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $367,000 |
| Median Household Income | $90,800 |