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Affordable
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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 $537,243, higher than the Michigan average of $250,415.
The average cost of rent is $1,070/mo in Lake Leelanau, primarily driven by the current value of real estate in the Lake Leelanau area. In Lake Leelanau, 9.22% of households rent, and 45.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Leelanau is $7,587 per month. Households that rent pay about 14.10% of their income on rent here. Lake Leelanau’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Leland, MI: higher priced homes
- Suttons Bay, MI: less expensive homes
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- 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
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