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Petoskey, MI
Full City Profile · Michigan · Antrim County County
3.6
/5.0
B+
Good
5,851
Population
1,136/sq mi density
$71,783
Median Income
$48,658 per capita
$319,300
Home Value
$462,131 Zillow
$872
Median Rent
25.8% income on rent
46°F
Avg Temperature
270 sunny days/yr
35
Violent Crime/100K
522 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$71,783 median income, 1.0% unemployment
A
Affordability
4.2 / 5.0
$319,300 home value, $872/mo rent
F
Safety
1.0 / 5.0
35 violent crimes/100K
A+
Education
5.0 / 5.0
52.8% bachelor's degree or higher
Housing Overview
Median Home Value
$319,300
13% above
US avg: $281,900
Median Rent
$872/mo
25% below
US avg: $1,163/mo
Homeownership Rate
60.3%
8% below US avg (65.4%)
Total Housing Units
3,231
Median year built: 1972
Home Value by Source
Census Median
$319,300
Zillow (ZHVI)
$462,131
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
60.3%
Owner-Occupied
39.7%
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
Census median rent:
$872/mo
Affordability & Housing Stock
Rent Burden
25.8%
of renters spending 30%+ of income on housing
17% below US avg (31.0%)
Median Year Built
1972
Average age of housing stock: 54 years
Homeownership Rate
60.3%
Complete Housing Data
Home Values
| Census Median Value | $319,300 |
| Zillow Home Value (ZHVI) | $462,131 |
Rent
| Census Median Rent | $872 |
| 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 | 60.3% |
| Renter-Occupied | 39.7% |
| Homeownership Rate | 60.3% |
| Total Housing Units | 3,231 |
| Median Year Built | 1972 |
| Rent Burden | 25.8% |