Leland, MI housing market
The typical Leland home is worth about $1,260,000, up 5.6% in a year, 373% above the Michigan typical home.
Home values, sales, trends and how Leland compares with the towns next door — updated as new data is published.
Leland at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Leland | Michigan |
|---|---|---|
| 2017 | $541,000 | $144,000 |
| 2018 | $568,000 | $155,000 |
| 2019 | $602,000 | $165,000 |
| 2020 | $675,000 | $175,000 |
| 2021 | $763,000 | $194,000 |
| 2022 | $981,000 | $217,000 |
| 2023 | $1,111,000 | $230,000 |
| 2024 | $1,142,000 | $241,000 |
| 2025 | $1,221,000 | $253,000 |
| 2026 | $1,211,000 | $262,000 |
| August 2026 | $1,260,000 | $266,000 |
Leland and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Leland | $1.26M | +5.6% | $1,330 | $92,857 |
| Centerville | — | +21%† | $1,360 | $98,281 |
| Suttons Bay | $647K | +0.3% | $1,360 | $115,769 |
† FHFA price index change, where Zillow has no home value for the town.
13.6 years of income
The typical Leland home costs about 13.6 years of the town's median household income, more than across Michigan (3.7 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,330
HUD's Fair Market Rent for a two-bedroom in Leland is $1,330 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Leland pay a median of $1,204, so moving in tends to cost more than staying put. A two-bedroom takes about 17% of the town's median household income.
Studio $960 · 4 bedrooms $1,770
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49630, 49653, 49654, 49670; Benzie County, MI HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. 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.