Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake Leelanau area can be challenging. Home prices in Lake Leelanau are now at a median cost of $359,521, higher than the Michigan average of $196,062.
The average cost of rent is $945/mo in Lake Leelanau, primarily driven by the current value of real estate in the Lake Leelanau area. While nearly 44.43% of residents own their homes outright in Lake Leelanau, 14.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Leelanau is $6,191 per month. Households that rent pay about 15.26% of their income on rent here. Lake Leelanau's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Leland, MI: higher priced homes
- Suttons Bay, MI: less expensive homes
- Isadore, MI: less expensive homes
- Glen Haven, MI: less expensive homes
- Omena, MI: equally priced homes
- Cedar, MI: less expensive homes
- Old Mission, MI: higher priced homes
- Maple City, MI: less expensive homes
- Solon, MI: less expensive homes
- Northport, MI: equally priced homes
Cities with Similar Populations
- Ash Fork, AZ: less expensive homes
- Zuni, VA: less expensive homes
- Wetumka, OK: less expensive homes
- West Homestead, PA: less expensive homes
- Waynesfield, OH: less expensive homes
- Vergas, MN: less expensive homes
- Valley View, OH: less expensive homes
- Vaiden, MS: less expensive homes
- Uniontown, KY: less expensive homes
- Townsville, NC: less expensive homes
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