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MI area data

Lake leelanau, MI

Lake leelanau, MI.

Population: 1,766 (Census ACS)

Home values & appreciation

Median home value
$863,704
1-year appreciation
+3.9%
3-year appreciation
+9.0%
5-year appreciation
+28.3%
10-year appreciation
+96.2%
All-time peak (2026-04)
$868,816
House Price Index
387.5 (+5.5% YoY)

Market activity

Median sale price
$1.36M
Median list price
$949,900
Median days on market
91 days
Sale-to-list ratio
104.2%
Active listings
11
1-year forecast
+2.8%
New listings (monthly)
3

Rents

2-bedroom fair-market rent (HUD reference)
$1,261/mo
3BR fair-market rent
$1,639/mo

Affordability

Cost of living index (Below Average)
92.0 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
1
Elementary schools
1
Middle schools
0
High schools
0
Charter schools
1

Natural hazards & flood risk

Overall hazard risk
Relatively Low
Top hazards
coldWave, winterWeather
FEMA flood zone
X
Flood risk level
Minimal

Climate (30-year normals)

Average annual temperature
46.0°F
Average high
55.0°F
Average low
36.0°F
Annual precipitation
37.9 in

Walkability & transit

Walkability index
6.3 / 20
Transit service frequency
-99,999

Amenities

National parks within ~60 mi
1
Nearest national park
Sleeping Bear Dunes National Lakeshore (15 mi)
Nearest airport
Dune Bird Airport (6 mi)
Nearest major airport
Cherry Capital Airport (TVC) (18 mi)
Hospitals nearby (~15 mi)
1
Avg hospital rating
4.0 / 5
Solar radiation rating
Fair (3.6 kWh/m²/day)

Migration

Net migration
+104 tax filers

Housing stock

Median year housing built
1,987
Median annual property tax
$3,988
Mean commute to work
16 min
Households with broadband internet
62.0%

Employment & development

Total county employment
4,950
Average weekly wage
$868
Top industries (by employment)
Accommodation & Food, Construction, Health Care
Annual residential building permits (county)
201

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents