The Most Affordable Neighborhoods in Leelanau County, MI by Home Value

 

Leelanau County, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Leelanau County area can be challenging. Home prices in Leelanau County are now at a median cost of $489,427, higher than the Michigan average of $250,415.

The average cost of rent is $1,249/mo in Leelanau County, primarily driven by the current value of real estate in the Leelanau County area. In Leelanau County, 8.38% of households rent, and 46.69% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Leelanau County is $8,277 per month. Households that rent pay about 15.09% of their income on rent here. Leelanau County’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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