The typical owner-occupied home in Walkerville is worth about $53,100, 77% below the Michigan median of $231,600 and 84% below the national median of $332,700. Owners pay a median $950 a year in property taxes, about 1.79% of their home's value, higher than the Michigan rate of 1.25%. The median household earns $33,750 a year, so the median home costs 1.6 times the median income (3.2 times for Michigan). 93% of occupied homes here are lived in by their owners, and 23% of those owners still have a mortgage.
Walkerville at a glance
| Walkerville | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $53,100 | $231,600 | $332,700 |
| Median property tax paid per year | $950 | $2,904 | $3,119 |
| Property tax as a share of value | 1.79% | 1.25% | 0.94% |
| Median household income | $33,750 | $72,875 | $80,734 |
| Homes lived in by their owners | 93% | 73% | 65% |
| Owner homes with a mortgage | 23% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,125 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 36.5% | 19.3% | 21.0% |
| Median rent | $1,125 | $1,129 | $1,413 |
| Rent as a share of renters' income | 32.5% | 30.2% | 30.6% |
| Median year homes were built | 1981 | 1972 | 1980 |
| Vacant homes | 8.8% | 11.8% | 10.1% |
| Population | 202 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Walkerville
At this week's average 30-year rate of 7.11%, buying the median Walkerville home of $53,100 with 20% down costs about $387 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $476, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $16,590 for the 20%-down payment. That payment is 14% of the median Walkerville household income of $33,750; at that income and 20% down, the 28% guideline points to a home of about $108,000.
The median rent here is $1,125 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $10,620 |
|---|---|
| Loan amount | $42,480 |
| Principal and interest | $286 |
| Property taxes (1.79% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $22 |
| PMI | $0 |
| Total per month | $387 |
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| Down payment | $1,858 |
|---|---|
| Loan amount | $52,138 |
| Principal and interest | $351 |
| Property taxes (1.79% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $22 |
| FHA mortgage insurance | $23 |
| Total per month | $476 |
Change the numbers in the calculator
Questions about home buying in Walkerville
What is the median home value in Walkerville?
About $53,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Walkerville?
Homeowners pay a median $950 a year, which is about 1.79% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Walkerville?
For the median home with 20% down at 7.11%, the payment is about $387 a month. Keeping that under 28% of gross income takes about $16,590 a year.
More about Walkerville
- Mortgage Refinance in Walkerville
- Debt Relief in Walkerville
- Home Equity Loans in Walkerville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data