Long Lake, MI housing market
Home prices around Long Lake have risen about 66% over the past 5 years.
Home values, sales, trends and how Long Lake compares with the towns next door — updated as new data is published.
Home prices up 66% in 5 years
The federal house price index for the ZIP codes around Long Lake rose 66% over the past 5 years, faster than across Michigan (52%). Last year prices rose 2.5%. Carrying the Census median home value forward with that index puts the typical Long Lake home at roughly $757,000 today.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +2.5% | +186% | +97% |
| 2024 | +7.6% | +179% | +88% |
| 2023 | +11% | +159% | +76% |
| 2022 | +18% | +133% | +64% |
| 2021 | +15% | +98% | +45% |
| 2020 | +4.4% | +73% | +30% |
| 2019 | +6.5% | +65% | +26% |
| 2018 | +5.6% | +55% | +20% |
| 2017 | +8.1% | +47% | +12% |
| 2016 | +6.8% | +36% | +5.3% |
| 2015 | +5.2% | +27% | 0% |
| 2014 | +6.1% | +21% | −4.7% |
| 2013 | +5.6% | +14% | −12% |
| 2012 | −2.8% | +8.1% | −16% |
| 2011 | −3.5% | +11% | −16% |
| 2010 | −6.9% | +15% | −12% |
| 2009 | −3.8% | +24% | −5% |
| 2008 | −2.2% | +29% | +3.5% |
| 2007 | −0.1% | +31% | +11% |
| 2006 | +3.3% | +32% | +16% |
| 2005 | +6.5% | +27% | +18% |
| 2004 | +5.6% | +20% | +14% |
| 2003 | +2.9% | +13% | +10% |
| 2002 | +3.7% | +10% | +8.3% |
| 2001 | +6.3% | +6.3% | +5% |
| 2000 | — | — | — |
How Long Lake ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 49685, 49684, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Long Lake and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Long Lake | +2.5%† | $1,470 | — | $96,220 |
| Green Lake | +4%† | $1,360 | — | $92,784 |
| Garfield | +4%† | $1,410 | 32 | $66,082 |
| Almira | +5.3%† | $1,510 | — | $90,278 |
| Solon | +16.7%† | $1,400 | — | $96,833 |
| Inland | +3.6%† | $1,280 | — | $80,759 |
† FHFA price index change, where Zillow has no home value for the town.
4.3 years of income
The typical Long Lake home costs about 4.3 years of the town's median household income, more than across Michigan (3.7 years).
How Long Lake ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,470
HUD's Fair Market Rent for a two-bedroom in Long Lake is $1,470 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Long Lake pay a median of $1,507. A two-bedroom takes about 18% of the town's median household income.
Studio $1,220 · 4 bedrooms $1,940
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49684, 49685; Grand Traverse 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.
Recent listings in Long Lake
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. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.