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Advertise here →Wolverine Lake, MI · Market Data
Wolverine Lake, Michigan real estate market data.
Real estate market data for Wolverine Lake, MI (Oakland County) — Census median home value $270,400, county listing prices down about 4.3% over the past year.
Wolverine Lake, MI is in Oakland County, Michigan — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 4,476, with a median household income of $88,423. Census data puts Wolverine Lake's median home value at $270,400 (all owner-occupied homes); Oakland County's current median listing price runs $429,900, down about 4.3% over the past year.
At a glance
Wolverine Lake market snapshot
Population
4,476
Median Household Income
$88,423
Median Home Value (city)
$270,400
Median Listing Price (Oakland County)
$429,900
Median Gross Rent
$1,678/mo
Price Trend (YoY)
-4.3%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Wolverine Lake different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Wolverine Lake's median home value — across all owner-occupied homes, not just recent sales — at $270,400. Separately, Oakland County's current median listing price (via Realtor.com data, 2026-06-01) runs $429,900. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Oakland County's FHFA house price index shows a 4.15% annual change in 2025.
Population & Income
Wolverine Lake has an estimated population of 4,476 and a median household income of $88,423, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Wolverine Lake's Census-reported median home value works out to about 3.1x the area's median household income, and median gross rent runs roughly 23% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Wolverine Lake FAQ
What are home values like in Wolverine Lake, MI?
The Census Bureau's American Community Survey puts Wolverine Lake's median home value at $270,400. Oakland County's current median listing price runs $429,900, down about 4.3% over the past year.
What is the population of Wolverine Lake, MI?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Wolverine Lake's population at approximately 4,476.
What's the median rent in Wolverine Lake, MI?
The Census ACS estimates median gross rent in Wolverine Lake at approximately $1,678 per month.
What is the median household income in Wolverine Lake, MI?
Census ACS data puts the median household income in Wolverine Lake at approximately $88,423.
Is the Wolverine Lake housing market growing?
Oakland County's FHFA house price index shows a 4.15% annual change in 2025.
Is Wolverine Lake, MI affordable relative to income?
Census ACS data puts Wolverine Lake's median home value at about 3.1 times the median household income, with median gross rent equal to roughly 23% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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