Property Management in Walled Lake, MI
Own a rental in Walled Lake? Median gross rent in Walled Lake runs $1,304 a month against rental vacancy near 2.2%. JMZ leases and manages it end to end — marketing, screening, rent, maintenance and accounting.
Guaranteed Rent Program: once we place and approve a tenant, we pay your rent every month for 12 months — even if that tenant stops paying.
JMZ Management is a full-service Walled Lake, MI property management company handling leasing, tenant screening, rent collection, maintenance and accounting for single-family homes, condos and small multifamily. Walled Lake sits in Oakland County. Median gross rent in Walled Lake is $1,304/mo, and about 40% of occupied homes in Walled Lake are renter-occupied. JMZ averages 17 days to lease, and its Guaranteed Rent Program pays the owner’s rent for 12 months if a JMZ-placed, JMZ-approved tenant stops paying.
This is an automated estimate from published market data — not an offer. Our market research manager will review your Walled Lake address and reach out with a precise rent figure, usually within one business day.
What the numbers say about renting in Walled Lake
Walled Lake carries roughly 3,454 occupied homes, 40% of them rented, with rental vacancy near 2.2%. Median household income runs about 0.88× the Detroit–Warren–Dearborn metro median, which shapes both what the renter pool can qualify for and how long tenancies last. The cells below are Walled Lake-level where we have researched them and Oakland County-level otherwise — each one says which.
Own versus rent in Walled Lake
Occupied households in Walled Lake, split by tenure.
About 3,454 occupied homes, with a further 2.2% of rental stock vacant at any time.
What rent looks like by product
Directional ranges for Walled Lake, built from the Walled Lake, citywide median and unit type.
Sources: U.S. Census Bureau American Community Survey 2019–2023 5-year estimates (median gross rent, median home value, tenure, household income, rental vacancy, population), reported for Walled Lake where the cell says so and for Oakland County otherwise. Figures are rounded. Product-type rent ranges are directional estimates based on the median and unit type; your free rental analysis prices your specific address.
Owning a rental in Walled Lake
Rental registration and inspection rules are set locally. JMZ confirms the current requirements with Walled Lake for every property it onboards and handles any inspection.
What your Walled Lake rental earns depends on what it is
Walled Lake is served by ZIP code 48390. Estimated monthly rent by home type:
| Product type | Est. monthly rent |
|---|---|
| One-bedroom apartment or condo | $1,025–$1,250 |
| Two-bedroom apartment, condo or duplex | $1,250–$1,550 |
| Three-bedroom single-family home | $1,625–$2,075 |
| Four-bedroom or premium single-family | $2,025–$2,675 |
Directional ranges from Walled Lake, citywide medians. JMZ prices each Walled Lake home from comparable signed leases nearby.
Empty days cost more than management does
JMZ leases homes in 17 days on average. Move the slider to your Walled Lake rent to see what a shorter vacancy is worth.
Assumes one turnover a year and a 45-day self-managed vacancy. Illustrative only, not a guarantee.
Full-service management from Novi, about 3 miles from Walled Lake
Our office is at 12 Mile and Haggerty in Novi, about 3 miles from Walled Lake, so showings, maintenance visits and Oakland County court filings are handled locally.
- Marketing, photos and listing syndication
- Tenant screening in line with fair housing law
- Michigan-compliant leases and renewals
- Online rent collection and owner statements
- Maintenance with owner approval over $500
- Evictions and Walled Lake rental registration
Guaranteed rent for Walled Lake owners
When JMZ places a tenant in your Walled Lake property and approves that tenant for the program, JMZ pays your rent every month for 12 months, even if the tenant does not. The guarantee is a separate agreement with its own terms and fees.
See if my property qualifiesAnswers, straight
What can I rent my Walled Lake property for?
Median gross rent in Walled Lake is $1,304 a month, but that blends apartments and houses together. A three-bedroom single-family home in Walled Lake typically runs $1,625–$2,075. JMZ prices from comparable signed leases within about a mile of your address.
Does Walled Lake require a rental registration or inspection?
Rental registration and inspection rules are set locally in Michigan. JMZ confirms the current requirements with Walled Lake for every property it onboards and handles any inspection.
How long will my Walled Lake rental sit vacant?
The JMZ portfolio average is 17 days from listing to signed lease, against 98.4% occupancy across more than 1,000 properties. Rental vacancy in Walled Lake runs about 2.2%, so correctly priced homes lease in weeks rather than months.
How much does property management cost in Walled Lake, MI?
JMZ charges 10% of monthly rent with a $100 monthly minimum. When JMZ fills a vacancy, the residential leasing fee is the first month’s rent; there is no leasing fee when a tenant is already in place. See full pricing.
More owner questions are answered in the JMZ owner FAQ.
Where Walled Lake fits in our service area
Walled Lake sits in Oakland County, about 3 miles from our Novi office. The map shows Walled Lake and the nearest communities we manage.
JMZ serves 51 communities in Oakland County. See every Oakland County community or all of Metro Detroit.
Find out what your Walled Lake property should rent for
No fee, no obligation. We will pull comparable Walled Lake leases, tell you what your property should rent for, and be straight with you about whether it fits our portfolio.