Walker, MI 49534 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Walker, MI—49534

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$365,000

4.6% YoY Growth

Household Income

$78,800

21.7% YoY Growth

Days on Market

3.0% Longer YoY

Home Price Forecast

3.3%

Median Rent

$1,550

21.8% YoY Growth

1-Bed Rent

$1,340

N/A

2-Bed Rent

$1,280

48.4% YoY Growth

3-Bed Rent

$1,800

13.9% YoY Growth

Other Zip Codes in Walker, MI

49544

Home Price Trends — Walker, MI

As of Dec '25, the median home price in Walker, MI is $365,000, with a year-over-year change of 4.6%. This indicates that home prices in Walker, MI are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$365,000	4.6%
Single Family	$370,000	5.1%
Condos	$337,000	4.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Walker, MI

As of July '25, Rentcast reports the average rent in Walker, MI is $1,580, with a year-over-year rent change of -21.8%. Per bedroom, the median rent as of July '25 in Walker, MI is 1-bedrooms: $1,330, 2-bedrooms: $1,410, 3-bedrooms: $1,800, 4-bedrooms: $2,500. The most common rental property sizes in Walker, MI are 2-bedroom and 1-bedroom, accounting for 40.7% and 31.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,550	$1,580
Studio Rent	N/A	N/A
1 Bed Rent	$1,340	$1,330
2 Bed Rent	$1,280	$1,410
3 Bed Rent	$1,800	$1,800
4 Bed Rent	$2,500	$2,500

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% of Rental Stock

Studio

8.6%

1 Bedroom

31.3%

2 Bedrooms

40.7%

3 Bedrooms

11.5%

4 Bedrooms

7.3%

5+ Bedrooms

0.6%

Property Listings — Walker, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Walker, MI is 36. This is a decrease of -5.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$461,000	0.0%
Listing Count	40	16.0%
Listings as % of Homes	0.3%	16.0%
Days on Market	58	3.0%

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Demographics — Walker, MI

As of the latest ACS Survey released in 2023, Walker, MI has a population of 23,400, which has increased by 7.3% over the past 5 years. Walker, MI is a moderately popular place for families, as children make up 21.3% of the population. The area has a moderately educated workforce, with 34.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	23,400	7.3%
% Under 18	21.3%	-5.8%
% Seniors	18.9%	32.2%
% WFH	8.5%	142.9%
% w/ College Degree	34.0%	-0.9%

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As of the latest ACS Survey released in 2023, Walker, MI is a predominantly white area, with 87.0% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Walker, MI is hispanic, making up 4.3% of the population. Foreign-born residents account for 4.2% of the population in Walker, MI, and this percentage has decreased by 20.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	87.0%	-2.8%
% Black	2.4%	20.0%
% Hispanic	4.3%	53.6%
% Asian	2.1%	-30.0%
% Foreign Born	4.2%	-20.8%

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Mortgage and Risk — Walker, MI

According to HUD data as of 2023, there were 542 mortgage originations in Walker, MI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Walker, MI. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	542
% Conventional Loans	94.0%
% Government Loans	6.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Walker, MI

As of 2024, the percent of homes in Walker, MI under the Section 8 program is 4.9%. 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. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Walker, MI, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	182
Total Units Section 8	140
% Rentals under Section 8	4.9%
% Occupied Section 8	97.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$120	$1,340	$1,220
2 Bedroom	$160	$1,280	$1,440
3 Bedroom	$70	$1,800	$1,870
4 Bedroom	-$440	$2,500	$2,060

Walker, MI—49534

Key Metrics at a Glance

Other Zip Codes in Walker, MI

Home Price Trends — Walker, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Walker, MI

% of Rental Stock

Property Listings — Walker, MI

Demographics — Walker, MI

Race and Ethnicity

Mortgage and Risk — Walker, MI

Mortgages

Rentals and Section 8 — Walker, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Walker, MI

Home Price to Income Ratio

Walker, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Jenison, MI

Marne, MI

Grand Rapids, MI

Walker, MI

Grandville, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$365,000
Median Household Income	$78,800

Walker, MI—49534

Key Metrics at a Glance

Other Zip Codes in Walker, MI

Home Price Trends — Walker, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Walker, MI

% of Rental Stock

Property Listings — Walker, MI

Demographics — Walker, MI

Race and Ethnicity

Mortgage and Risk — Walker, MI

Mortgages

Rentals and Section 8 — Walker, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Walker, MI

Home Price to Income Ratio

Walker, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Jenison, MI

Marne, MI

Grand Rapids, MI

Walker, MI

Grandville, MI

Frequently Asked Questions

What is the average home price in Walker, MI 49534?

How have home prices in Walker, MI 49534 changed over the past year?

What is the home price projection for Walker, MI 49534?

What are the demographics of Walker, MI 49534?

How long does it take homes to sell in Walker, MI 49534?

What is the average rent price in Walker, MI 49534?