Personal loans in Walled Lake, MI
If you are weighing a personal loan in Walled Lake, start from the payment you can carry; its 7,297 residents face the same statewide rules. By population, Walled Lake sits at 123rd in Michigan, with an estimated 7,297 residents.
Work out your debt-to-income ratio first; lenders weigh it heavily, and Walled Lake's 7,297 residents are no exception. A 2020-to-2023 comparison shows Walled Lake up by about 0.7%. State law, rather than federal rules alone, supplies the rate caps and licensing rules that reach Walled Lake's 7,297 residents. The closest larger place is Wixom, MI about 3 miles away.
Walled Lake by the numbers
What follows is Walled Lake's place in the Census record, alongside the Michigan rules that govern a personal loan made here.
- Population: about 7,297, ranked 123rd of 533 places in Michigan (Census Vintage 2023 subcounty estimate).
- Population trend: Up about 0.7% from the 2020 Census base to the 2023 estimate.
- Net change: roughly 51 more people than the 2020 Census counted.
- Size percentile: about 77% of Michigan's Census places are smaller than Walled Lake.
- Population density: about 3,303 people per square mile (Census land area 2.2 sq mi).
- Land area: Walled Lake covers 2.2 square miles, the 218th-largest area among Michigan's 533 places.
- Water area rank: Walled Lake ranks 117th among Michigan's 533 places, with 0.18 sq mi.
- Share of Michigan: Walled Lake holds about 0.1% of the state's population, some 7,297 people.
- National rank: Walled Lake is 3,896th of 19,457 places nationwide.
- Growth rank: Walled Lake ranks 135th among Michigan's 533 places for the 2020-to-2023 change.
- Against the state trend: Walled Lake's 0.7% change compares with a Michigan average of -0.3% across its 533 places.
- Density rank: Walled Lake is the 51st most densely settled place in Michigan.
- Density in context: Walled Lake's 3,303 people per square mile sit against a Michigan median of 1,078.
- Location: coordinates 42.5372, -83.4737 (US Census Bureau Gazetteer).
- Nearest larger cities: Wixom (3 mi); Novi (4 mi); Farmington Hills (6 mi); Farmington (7 mi); South Lyon (11 mi). Online lenders reach Walled Lake no matter how far the nearest branch is.
- Smaller places close by: Wolverine Lake (1 mi); Orchard Lake Village (6 mi); Northville (7 mi).
- Smaller places within 50 miles: 82 of them.
- Within 100 miles: 108 places are larger than Walled Lake.
Lender access in Walled Lake
Walled Lake is fairly dense, with about 3,303 people per square mile and 71 larger places within 50 miles. A Michigan licence lets a lender serve Walled Lake without a local office, so branch density does not change what its 7,297 residents are offered. The nearest bigger place is Wixom, MI about 3 miles away.
What a Walled Lake borrower is actually offered
With roughly 7,297 residents, Walled Lake is a small town; its personal loans are typically unsecured, priced from your credit rather than the city's size. The rate you see advertised is a range, not a promise, until a lender reviews your file in Walled Lake. Because the payment is fixed, the total cost of a Walled Lake loan is knowable in advance — unlike a revolving card balance.
Walled Lake on the map
Walled Lake's land area is about 2.2 square miles; a further 0.18 square miles is water. With 7,297 residents, the land area yields roughly 3,303 people per square mile. The largest place in Michigan, Detroit, lies about 22 miles away. Walled Lake has 71 larger places within a 50-mile radius. Within the same 50 miles lie 82 smaller Census places.
Walled Lake's place among Michigan's 533 places
Walled Lake is the 123rd-largest of 533 Census places in Michigan and contains about 0.1% of the state's people. For population change between 2020 and 2023, Walled Lake ranks 135th of 533 in Michigan (about the 75th percentile). Its roughly 3,303 residents per square mile place it 51st among Michigan's places. The population moved by about 51 people between 2020 and 2023, a 0.7% shift.
Michigan rules behind a Walled Lake personal loan
For the roughly 7,297 residents of Walled Lake, the rules below are Michigan's own; each row carries its publisher and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Michigan Department of Insurance and Financial Services (DIFS) Source says: ""Department" means the department of insurance and financial services" | Michigan Legislature as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 7% per annum maximum by written agreement; 5% legal rate (MCL 438.31) Source says: "it shall be lawful for the parties to stipulate in writing for the payment of any rate of interest, not exceeding 7% per annum" | Michigan Legislature as of 2026-09-16 |
| Payday lending status | Legal and licensed — deferred presentment service transactions (2005 PA 244; MCL 487.2121 et seq.), licensed and regulated by DIFS Source says: "AN ACT to regulate the business of providing deferred presentment service transactions; to require the licensing of providers of deferred presentment service transactions" | Michigan Legislature as of 2026-09-16 |
Common questions
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Nearby places
- Wolverine Lake, MI — population 4,436
- Wixom, MI — population 17,134
- Novi, MI — population 66,314
- Northville, MI — population 5,982
- Farmington Hills, MI — population 82,528
- Orchard Lake Village, MI — population 2,206
- Farmington, MI — population 11,391
- Milford, MI — population 6,419