Walker, Michigan Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Walker, Michigan rental market.
Walker, Michigan
Average Apartment Rent
$1,456
Y-o-Y Change in Average
Apartment Rent
5%
As of March 2026
Compared to a year ago, Walker, Michigan apartments have recorded a 5% rent increase.
Walker, Michigan Average apartment rent trend
Walker, Michigan Average Apartment Rent
Walker, Michigan Apartment rent ranges
At 69.14%, apartments priced $1,000 - $1,500 represent the bulk of Walker, Michigan rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.04%.
Walker, Michigan Housing tenure**
Renters take up 38% of Walker, Michigan real estate, occupying a total of 3,950 units, while homeowners live in 6,505 properties.
Median number of rooms of renter-occupied housing units**
3.5
Renter median household income**
$53,375
Average household size of renter-occupied housing units**
1.81
Rental vacancy rate**
3.4%
Walker, Michigan Renter-occupied housing units by no. of bedrooms**
There are 1,864 rentals in Walker, Michigan with 1 bed making up the highest share of the market, at 47%. Units with 4 beds, on the other hand, hold the lowest percentage (4%), amounting to 169 units. Overall, the median number of rooms in Walker, Michigan homes for rent is 3.5.
Walker, Michigan Renter-occupied units by age of householder**
Most condos for rent in Walker, Michigan are occupied by residents in the 25 - 34 years age group (35%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 1%.
Walker, Michigan Renter-occupied housing units by family type**
Walker, Michigan Renter-occupied housing units by the presence of own children**
A total of 1,261 apartments for rent in Walker, Michigan, or 32% of all rentals are family households. Additionally, 14% of rental homes include children under the age of 18 – that’s 537 units. All in all, the median size of a renter-occupied household in Walker, Michigan is 1.81.
Walker, Michigan Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 39% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Walker, Michigan.
Walker, Michigan Renter-occupied units by year structure built**
The highest share of Walker, Michigan apartment rentals, namely 23% or 890 units, were Built 1990 - 1999, followed by those Built 1980 - 1989 (22%, 886 units), and the ones Built 1970 - 1979 (22%, 880 units).
Walker, Michigan Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Walker, Michigan renters (47%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Walker, Michigan condos for rent is 2016.
Walker, Michigan Renter-occupied housing units by vehicles available**
When it comes to transportation options, 58% of Walker, Michigan renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 8% have No vehicle available.
Walker, Michigan Means of transportation to work of householders living in renter-occupied housing units**
Walker, Michigan Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Walker, Michigan apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
