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Leelanau County Housing Market

Michigan · 83 counties · Ranked #2928 in home value

Above National Avg

Housing at a Glance

Median Home Value

$406,900

vs national+$406,900 vs $281,900 national

Median Gross Rent

$1,223/mo

vs national+$1,223 vs $1,163 national

Effective Tax Rate

0.70%

vs national0.70% vs 1.02% national

Median Household Income

$91,943

vs national+$91,943 vs $74,755 national

Affordability Ratio

4.4x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

25.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,856

Tax as % of Home Value

0.70%

Monthly Owner Cost

$1,199

Renter Income

$61,719

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Frequently Asked Questions

What is the median home value in Leelanau County?

The median home value in Leelanau County is $406,900. This is above the national median of $281,900.

How much is rent in Leelanau County?

The median gross rent in Leelanau County is $1,223 per month.

What is the property tax rate in Leelanau County?

The effective property tax rate in Leelanau County is 0.70%. The median annual property tax bill is $2,856.

Is Leelanau County affordable?

With a home-value-to-income ratio of 4.4x, Leelanau County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.