Wolverine Lake, MI


Highest Appreciating Wolverine Lake Neighborhoods Since 2000

Wolverine Lake, MI Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Wolverine Lake Housing Market Information

With a population of 4,383, 1,803 total housing units (homes and apartments), and a median house value of $239,172, Wolverine Lake real estate is some of the most expensive in Michigan, although Wolverine Lake home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Wolverine Lake, accounting for 81.65% of the village's housing units. Other types of housing that are prevalent in Wolverine Lake include large apartment complexes or high rise apartments ( 10.52%), row houses and other attached homes ( 5.71%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wolverine Lake. Owner-occupied housing accounts for 79.26% of Wolverine Lake's homes, and 72.50% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Wolverine Lake's housing was primarily built during this period, from the '40s through the '60s. A full 43.63% of the village's housing hails from this era. Other housing ages represented in Wolverine Lake include homes built between 1970-1999 ( 39.34%) and housing constructed before 1939 ( 9.57%). There's also some housing in Wolverine Lake built between 2000 and later ( 7.46%).

Wolverine Lake Home Appreciation Rates

Appreciation rates for homes in Wolverine Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.47%, which ranks in the top 50% nationwide. This equates to an annual average Wolverine Lake house appreciation rate of 0.05%.

Appreciation rates are so strong in Wolverine Lake that despite a nationwide downturn in the housing market, Wolverine Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wolverine Lake appreciation rates continue to be some of the highest in America, at 7.92%, which is higher than appreciation rates in 86.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wolverine Lake. Wolverine Lake appreciation rates in the latest quarter were at 1.86%, which equates to an annual appreciation rate of 7.66%.

Importantly, this makes Wolverine Lake one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to Michigan, our data show that Wolverine Lake's latest annual appreciation rate is higher than 70% of the other cities and towns in Michigan.

Average Home Values


Median Home Value:

Wolverine Lake, MI HOME PRICES

Value Range
> $1,307,000 0.8
$981,001 - $1,307,000 0.0
$653,001 - $981,000 3.7
$523,001 - $653,000 5.2
$392,001 - $523,000 7.5
$262,001 - $392,000 18.7
$131,001 - $262,000 46.9
$66,001 - $131,000 14.1
$0 - $66,000 3.1

Very High for MI
High for Nation

Value Relative to Nation Value Relative to State
24.2353216922536 8.81410256410256

Number Of Homes And Apartments:

Wolverine Lake Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
10.95% 0.60% 6 1
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,024 / per month

Homeownership Rate

Owners 79.26
Renters 20.74
Vacant 4.65

Housing Market Details


Age of Homes

AGE OF Wolverine Lake HOMES
2000 or Newer 7.5
1970 - 1999 39.3
1940 - 1969 43.6
1939 or Older 9.6

Types of Homes

TYPE OF Wolverine Lake HOMES
Single-Family 81.6
Townhomes 5.7
Small Apt. Buildings 2.1
Apt. Complexes 10.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Wolverine Lake HOMES
No Bedroom 0.69
1 Bedroom 6.40
2 Bedrooms 19.04
3 Bedrooms 56.21
4 Bedrooms 16.29
5 or more bedrooms 1.37