White Lake, MI—48383
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 $411,000, with a year-over-year change of 5.4%. This indicates that home prices in White Lake, MI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $411,000 | 5.4% |
| Single Family | $402,000 | 4.4% |
| Condos | $438,000 | 9.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $250,000 | 2.9% |
3 Bed | $388,000 | 5.4% |
4 Bed | $485,000 | 5.4% |
| 5 Bed | $571,000 | 3.6% |
% of Housing Stock
Rental Trends — White Lake, MI
As of July '25, Rentcast reports the average rent in White Lake, MI is $2,210, with a year-over-year rent change of -25.3%. Per bedroom, the median rent as of July '25 in White Lake, MI is 1-bedrooms: $800, 2-bedrooms: $2,040, 3-bedrooms: $2,500, 4-bedrooms: $3,500. The most common rental property sizes in White Lake, MI are 2-bedroom and 3-bedroom, accounting for 54.6% and 35.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,040 | $2,210 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | $2,040 | $2,040 |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | $3,500 | $3,500 |
% 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 36. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $498,000 | 5.0% |
Listing Count | 39 | 24.0% |
| Listings as % of Homes | 0.3% | 24.0% |
Days on Market | 36 | 15.0% |
Demographics — White Lake, MI
As of the latest ACS Survey released in 2023, White Lake, MI has a population of 13,300, which has decreased by -1.5% over the past 5 years. White Lake, 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 35.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,300 | -1.5% |
% Under 18 | 21.3% | -11.2% |
% Seniors | 15.1% | 7.9% |
% WFH | 12.4% | 169.6% |
% w/ College Degree | 35.0% | 12.9% |
As of the latest ACS Survey released in 2023, White Lake, MI is a predominantly white area, with 89.9% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in White Lake, MI is black, making up 4.0% of the population. Foreign-born residents account for 2.3% of the population in White Lake, MI, and this percentage has decreased by 8.0% 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 | 89.9% | -6.4% |
% Black | 4.0% | 400.0% |
% Hispanic | 1.8% | 0.0% |
% Asian | 0.4% | -20.0% |
% Foreign Born | 2.3% | -8.0% |
Mortgage and Risk — White Lake, MI
According to HUD data as of 2023, there were 312 mortgage originations in White Lake, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in White Lake, MI. Investor activity is low, as 0.0% 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 | 312 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — White Lake, MI
As of 2024, the percent of homes in White Lake, MI under the Section 8 program is 3.5%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in White Lake, MI, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $490 | $800 | $1,290 |
| 2 Bedroom | -$410 | $2,040 | $1,630 |
| 3 Bedroom | -$500 | $2,500 | $2,000 |
| 4 Bedroom | -$1,340 | $3,500 | $2,160 |
Affordability — White Lake, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $411,000 |
| Median Household Income | $98,600 |