Walker, MI—49544
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Walker, MI
Home Price Trends — Walker, MI
As of Oct '25, the median home price in Walker, MI is $329,000, with a year-over-year change of 2.8%. This indicates that home prices in Walker, MI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $329,000 | 2.8% |
| Single Family | $326,000 | 3.2% |
| Condos | $344,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $284,000 | 4.0% |
3 Bed | $318,000 | 3.6% |
4 Bed | $369,000 | 2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Walker, MI
As of July '25, Rentcast reports the average rent in Walker, MI is $1,600, with a year-over-year rent change of 68.4%. Per bedroom, the median rent as of July '25 in Walker, MI is 1-bedrooms: $1,190, 2-bedrooms: $1,200, 4-bedrooms: $2,400. The most common rental property sizes in Walker, MI are 1-bedroom and 2-bedroom, accounting for 56.4% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,190 | $1,190 |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Walker, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Walker, MI is 29. This is a decrease of -6.0% 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 71.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $351,000 | 9.0% |
Listing Count | 14 | 15.0% |
| Listings as % of Homes | 0.1% | 15.0% |
Days on Market | 29 | -6.0% |
Demographics — Walker, MI
As of the latest ACS Survey released in 2023, Walker, MI has a population of 9,920, which has decreased by -3.1% over the past 5 years. Walker, MI is a moderately popular place for families, as children make up 21.1% of the population. The area has a moderately educated workforce, with 33.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,920 | -3.1% |
% Under 18 | 21.1% | 0.0% |
% Seniors | 16.1% | 27.8% |
% WFH | 9.4% | 100.0% |
% w/ College Degree | 33.6% | 28.7% |
As of the latest ACS Survey released in 2023, Walker, MI is a predominantly white area, with 78.3% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Walker, MI is hispanic, making up 10.2% of the population. Foreign-born residents account for 6.3% of the population in Walker, MI, and this percentage has increased by 65.8% 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 | 78.3% | -7.6% |
% Black | 2.6% | -45.8% |
% Hispanic | 10.2% | 148.8% |
% Asian | 2.8% | 12.0% |
% Foreign Born | 6.3% | 65.8% |
Mortgage and Risk — Walker, MI
According to HUD data as of 2023, there were 176 mortgage originations in Walker, MI, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Walker, MI. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 176 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Walker, MI
Walker, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 67 |
Total Units Section 8 | 67 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,190 | $1,150 |
| 2 Bedroom | $170 | $1,200 | $1,370 |
| 3 Bedroom | N/A | N/A | $1,780 |
| 4 Bedroom | -$450 | $2,400 | $1,950 |
Affordability — Walker, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $329,000 |
| Median Household Income | $69,700 |