Housing in Peacock

A typical Peacock home is worth roughly $144,000

Home prices around Peacock have risen about 63% over the past 5 years.

Typical home value

$144K

▼ 6% in a year · MI $266K

Estimate

2-bedroom rent

$990

a month, utilities in · HUD

Median tax bill

$1,470

MI $2,904

What kind of housing town is Peacock?

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

A second-home town70% of homes are seasonal or vacation homes.Your money goes further46% below the Michigan typical home.Prices coolingDown 6% in a year.A town of owners94% of households own their home.

★ What stands out · The homes

94% of Peacock households own their home

Half of Peacock’s homes were built before 1974.

Owners and renters

Own 94%Rent 6%

Michigan: 73% own.

1974

typical home built · MI 1972

$1,470

median property tax bill · MI $2,904

70%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Affordability

What it takes to buy in Peacock

Try your own numbers below.

You could afford about

$271,000

Typical Peacock home $144K

That covers a typical Peacock home, with $127K to spare.

The typical home, each month

$910

Loan $710Tax $150Insurance $40

A two-bedroom rents for about $990 a month here, $80 more than owning.

Where your budget reaches nearby

Newkirk$111K Webber$109K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Michigan typical property tax (1.25% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Price trend

Home prices up 63% in 5 years

The federal house price index for the ZIP codes around Peacock rose 63% over the past 5 years, faster than across Michigan (52%). Last year prices fell 6%.

Peacock areaMichigan

−6%

past year

+63%

past 5 years

+131%

past 10 years

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Peacock, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Renting

A two-bedroom rents for about $990

Renters already here pay a median of $1,025.

Fair Market Rent a month, utilities included

Studio$700

1 bedroom$760

2 bedrooms$990

3 bedrooms$1,370

4 bedrooms$1,660

of households rent · MI 27%

renter households

$1,025

median rent paid today · Census

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

Next door

Peacock vs. its neighbors

Peacock is the priciest of 3 neighboring towns. Tap one to see its housing page.

Peacock$144K Newkirk$111K Webber$109K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Peacock	$144K*	−6%†	$990	$52,679
Newkirk	$111K*	—	$1,060	$56,268
Eden	—	−15.7%†	$970	$58,750
Webber	$109K*	+2.4%†	$990	$46,286

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 Peacock buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Peacock 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. 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. The calculator is an estimate, not a loan offer.