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 $350,645, higher than the Michigan average of $196,062.

The average cost of rent is $971/mo in Leelanau County, primarily driven by the current value of real estate in the Leelanau County area. While nearly 45.12% of residents own their homes outright in Leelanau County, 10.00% rent.

Housing affordability isn’t just about home prices, though. The average household income in Leelanau County is $6,379 per month. Households that rent pay about 15.21% of their income on rent here. Leelanau County's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the county.


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