Housing in Platte

A typical Platte home is worth roughly $242,000

Typical home value

$242K

MI $266K

Estimate

2-bedroom rent

$1,210

a month, utilities in · HUD

Median tax bill

$2,389

MI $2,904

What kind of housing town is Platte?

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

A second-home town30% of homes are seasonal or vacation homes.A town of owners91% of households own their home.

★ What stands out · The homes

91% of Platte households own their home

Half of Platte’s homes were built before 1987.

Owners and renters

Own 91%Rent 10%

Michigan: 73% own.

1987

typical home built · MI 1972

$2,389

median property tax bill · MI $2,904

30%

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 Platte

Try your own numbers below.

You could afford about

$271,000

Typical Platte home $242K

That covers a typical Platte home, with $29K to spare.

The typical home, each month

$1,520

Loan $1,200Tax $250Insurance $70

A two-bedroom rents for about $1,210 a month here, $310 less than owning.

Where your budget reaches nearby

Homestead$226K Almira$285K Lake$650K Empire$644K Benzonia$335K Inland$264K

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.

Renting

A two-bedroom rents for about $1,210

Fair Market Rent a month, utilities included

Studio$840

1 bedroom$1,070

2 bedrooms$1,210

3 bedrooms$1,450

4 bedrooms$1,600

10%

of households rent · MI 27%

renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Benzie 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

Platte vs. its neighbors

Platte is the 2nd least expensive of 7 neighboring towns. Tap one to see its housing page.

Lake$650K Empire$644K Benzonia$335K Almira$285K Inland$264K Platte$242K Homestead$226K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Platte	$242K*	—	$1,210	$91,250
Homestead	$226K*	+16.5%†	$1,080	$62,061
Almira	$285K*	+5.3%†	$1,510	$90,278
Lake	$650K*	—	$1,160	$98,125
Empire	$644K	+4%	$1,400	$94,821
Benzonia	$335K	+5.8%	$1,040	$72,500
Inland	$264K*	+3.6%†	$1,280	$80,759

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 Platte buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Platte 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.