Leelanau County, MI Average Home Price (2026)
The average home price in Leelanau County, Michigan is about $664,500 (the 2026 median across 10 ZIP codes, at ~$433/sq ft) — 172% more expensive than the Michigan median and 130% more expensive than the typical U.S. home.
How Leelanau County compares
Leelanau County is relatively expensive for housing nationally: its typical home costs $664,500 against $244,000 for Michigan and $289,000 for the U.S. Within the county, ZIP-level values run from about $488,000 to $1,334,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Leelanau County | $664,500 | $433 |
| Michigan | $244,000 | $187 |
| United States | $289,000 | $193 |
Leelanau County home prices by ZIP code
The 10 most valuable ZIP codes in Leelanau County (of 10 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 49654 Maple City | $1,334,000 | $991 | +101% |
| 49674 Northport | $1,076,000 | $1287 | +62% |
| 49653 Lake Leelanau | $854,000 | $727 | +29% |
| 49670 Northport | $817,000 | $553 | +23% |
| 49636 Empire | $686,000 | $476 | +3% |
| 49682 Suttons Bay | $643,000 | $390 | -3% |
| 49630 Empire | $622,000 | $376 | -6% |
| 49664 Maple City | $622,000 | $299 | -6% |
| 49621 Cedar | $529,000 | $355 | -20% |
| 49684 Traverse City | $488,000 | $375 | -27% |
Home value appreciation in Leelanau County
Home prices in Leelanau County have risen about 144% over the last 10 years (≈9.3% a year) and +136.2% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +9.5% — still rising. A home worth $664,500 today was worth roughly $271,890 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Michigan is +96.7% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Leelanau County
Run the numbers for Leelanau County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Leelanau County
To buy the typical $664,500 home in Leelanau County with 20% down, you need a household income of roughly $181,000 a year (about $4,220 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $215,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $33,200 | $5,240/mo | $225,000/yr |
| 10% (+PMI) | $66,500 | $5,010/mo | $215,000/yr |
| 20% | $132,900 | $4,220/mo | $181,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Leelanau County
At about $433 per square foot, here is roughly how much home different budgets get you in Leelanau County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $300k | 690 sq ft | below the local median — condos, smaller or older homes |
| $400k | 920 sq ft | below the local median — condos, smaller or older homes |
| $500k | 1150 sq ft | below the local median — condos, smaller or older homes |
| $600k | 1390 sq ft | around the typical home here |
| $750k | 1730 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Michigan.
Estimate a specific home in Leelanau County
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Leelanau County home prices: frequently asked
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Browse all Michigan cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.