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Lake Leelanau, MI
Full City Profile · Michigan · Grand Traverse County County
3.1
/5.0
B
Good
223
Population
858/sq mi density
$60,500
Median Income
$23,230 per capita
$307,700
Home Value
$835,321 Zillow
47°F
Avg Temperature
270 sunny days/yr
305
Violent Crime/100K
1,840 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$60,500 median income, 0.0% unemployment
B+
Affordability
3.8 / 5.0
$307,700 home value, /mo rent
F
Safety
1.0 / 5.0
305 violent crimes/100K
B
Education
3.2 / 5.0
27.9% bachelor's degree or higher
Housing Overview
Median Home Value
$307,700
9% above
US avg: $281,900
Homeownership Rate
93.5%
43% above US avg (65.4%)
Total Housing Units
93
Median year built: 1976
Home Value by Source
Census Median
$307,700
Zillow (ZHVI)
$835,321
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
93.5%
Owner-Occupied
6.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Affordability & Housing Stock
Rent Burden
31.5%
of renters spending 30%+ of income on housing
2% above US avg (31.0%)
Median Year Built
1976
Average age of housing stock: 50 years
Homeownership Rate
93.5%
Complete Housing Data
Home Values
| Census Median Value | $307,700 |
| Zillow Home Value (ZHVI) | $835,321 |
Rent
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 93.5% |
| Renter-Occupied | 6.5% |
| Homeownership Rate | 93.5% |
| Total Housing Units | 93 |
| Median Year Built | 1976 |
| Rent Burden | 31.5% |