Rent in Walloon Lake, MI
A 2-bedroom in Walloon Lake, MI (ZIP 49796) typically rents for about $1,119 a month, with a range of $1,119. There are no ZIP-level rent figures here, so these use the HUD Fair Market Rent for Charlevoix County. Owner-occupied homes in Charlevoix County pay about 0.90% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $798 | $798 | 1 |
| 1 bed | $855 | $855 | 1 |
| 2 beds | $1,119 | $1,119 | 1 |
| 3 beds | $1,549 | $1,549 | 1 |
| 4 beds | $1,619 | $1,619 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD county Fair Market Rents (Oct 1, 2026).
Walloon Lake ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Walloon Lake, MI?
- About $1,119 a month: the median of the typical rents in 1 ZIP code, which range from $1,119. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Walloon Lake, MI?
- About $855 a month: the median of the typical rents in 1 ZIP code, which range from $855. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Walloon Lake, MI?
- About $1,549 a month: the median of the typical rents in 1 ZIP code, which range from $1,549. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Walloon Lake, MI?
- About $798 a month: the median of the typical rents in 1 ZIP code, which range from $798. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Walloon Lake, MI?
- About $1,619 a month: the median of the typical rents in 1 ZIP code, which range from $1,619. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Walloon Lake, MI?
- Owner-occupied homes in Charlevoix County pay a typical 0.90% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Walloon Lake rent figures come from?
- HUD county Fair Market Rents (Oct 1, 2026).