Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 49.8 yrs |
|---|---|
| Avg HH Size | 2.29 |
| Below Poverty | 2.5% ▼ 75% below avg |
| College Grads | 52.3% ▲ 35% above avg |
| Unemployment | 1.4% ▼ 71% below avg |
| HS Graduate | 51 (21%) |
| Some College | 43 (17.7%) |
| Associates | 22 (9.1%) |
| Bachelors | 20 (8.2%) |
| Graduate Degree | 107 (44%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $84,667 ▲ 11% above avg |
|---|---|
| Median Home Value | $267,700 ≈ Avg |
| Home/Income Ratio | 3.2x (nat avg ~3.5x) |
| Total Housing Units | 240 |
| Vacant Units | 102 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Walloon Lake is a city in Michigan, located in Charlevoix County. The city spans 1 ZIP code and is home to approximately 316 residents. It is a mature city, with a median age of 49.8 years.
Economically, Walloon Lake is a middle-income community. The median household income of $84,667 is near the national average. Approximately 2.5% of residents live below the poverty line. The unemployment rate is 1.4%, well below the national average.
The real estate market in Walloon Lake is a mid-range housing market. Median home values stand at $267,700, which is near the national average. Homeownership is high at 77.5%, typical of suburban and family-oriented communities.
The population of Walloon Lake is well-educated. 52.3% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (95.89%).
Walloon Lake, MI offers residents above-average earning potential within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49796 | 316 | $84,667 | $267,700 | — | 1.4% | 52.3% | 77.5% |