Housing in Leelanau

A typical Leelanau home is worth roughly $569,000

Typical home value

$569K

MI $266K

Estimate

2-bedroom rent

$1,680

a month, utilities in · HUD

Median tax bill

$4,170

MI $2,904

What kind of housing town is Leelanau?

Read from the numbers below. The page puts what stands out first.

Pricier than MI114% above the Michigan typical home.A second-home town48% of homes are seasonal or vacation homes.A town of owners97% of households own their home.

★ What stands out · Affordability

A typical home costs 4.8 years of income

More than across Michigan (3.7 years). Try your own numbers below.

You could afford about

$474,000

Typical Leelanau home $569K

That’s $95K short of a typical Leelanau home.

The typical home, each month

$3,330

Loan $2,820Tax $350Insurance $170

A two-bedroom rents for about $1,680 a month here, $1,650 less than owning.

Where your budget reaches nearby

Leland$1.26M Suttons Bay$647K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Leelanau’s typical property tax (0.73% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

97% of Leelanau households own their home

Half of Leelanau’s homes were built before 1982.

Owners and renters

Own 97%Rent 3%

Michigan: 73% own.

1982

typical home built · MI 1972

$4,170

median property tax bill · MI $2,904

0.73%

of a home’s value, a year in tax · MI 1.25%

48%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Renting

A two-bedroom rents for about $1,680

Renters already here pay a median of $1,058, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$1,240

1 bedroom$1,530

2 bedrooms$1,680

3 bedrooms$2,010

4 bedrooms$2,220

of households rent · MI 27%

renter households

30%

of renters spend 30%+ of income on rent · MI 50%

17%

of the median income, for a two-bedroom

$1,058

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Leelanau County, MI HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Leelanau vs. its neighbors

Leelanau is the least expensive of 3 neighboring towns. Tap one to see its housing page.

Leland$1.26M Suttons Bay$647K Leelanau$569K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Leelanau	$569K*	—	$1,680	$119,044
Leland	$1.26M	+5.6%	$1,330	$92,857
Suttons Bay	$647K	+0.3%	$1,360	$115,769

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 Leelanau buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Leelanau still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

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.