A typical Wawatam home is worth roughly $227,000
What kind of housing town is Wawatam?
Read from the numbers below. The page puts what stands out first.
73% of Wawatam households own their home
Half of Wawatam’s homes were built before 1978.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A typical home costs 4.6 years of income
More than across Michigan (3.7 years). Try your own numbers below.
That’s $50K short of a typical Wawatam home.
A two-bedroom rents for about $1,090 a month here, $380 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Wawatam’s typical property tax (1.48% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,090
Renters already here pay a median of $980, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Cheboygan County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Wawatam vs. its neighbors
Wawatam is the least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Wawatam | $227K* | — | $1,090 | $49,318 |
| Carp Lake | $254K | +11.1% | $1,200 | $45,833 |
| Mackinaw City | $320K | +7% | $1,040 | $42,031 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Wawatam buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.