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2025 Compare Cities Housing:
Petoskey, MI vs Elk Rapids township, MI

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Highlights
- The median age of a home in Petoskey is 2.0% younger than the median age of a home in Elk Rapids township.
 Petoskey, MIElk Rapids township, MIUnited States
 Median Home Age49  Unlock42
 Median Home Cost  Unlock$427,400$338,100
 Home Appr. Last 12 months21.4%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock69.9%57.0%
 Home Appr. Last 10 yrs.98.7%  Unlock101.1%
 Property Tax Rate  Unlock$11.5$11.0
 Homes Owned46.7%  Unlock57.4%
 Housing Vacant  Unlock39.1%11.2%
 Homes Rented32.1%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Petoskey, MIElk Rapids township, MIUnited States
 Average Rent  Unlock$1,110$1,840
 Studio Apartment$660  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$750$1,180
 2 Bedroom Home or Apartment$990  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,130$1,860
 4 Bedroom Home or Apartment$1,410  Unlock$2,160
 space1
 Vacant Housing
 Petoskey, MIElk Rapids township, MIUnited States
 Vacant For Rent  Unlock0.0%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock0.5%0.7%
 Vacant Sold0.0%  Unlock0.4%
 Vacant Vacation  Unlock37.6%3.6%
 Vacant Other0.5%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Petoskey, MIElk Rapids township, MIUnited States
 Less Than $20,000  Unlock1.4%2.6%
 $20,000 to $39,9990.0%  Unlock2.4%
 $40,000 to $59,999  Unlock0.5%2.8%
 $60,000 to $79,9991.4%  Unlock3.9%
 $80,000 to $99,999  Unlock1.9%4.5%
 $100,000 to $149,99922.1%  Unlock11.3%
 $150,000 to $199,999  Unlock9.3%13.0%
 $200,000 to $299,99928.3%  Unlock20.1%
 $300,000 to $399,999  Unlock14.4%13.6%
 $400,000 to $499,9992.4%  Unlock8.3%
 $500,000 to $749,999  Unlock15.3%9.7%
 $750,000 to $999,9992.2%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock2.2%2.2%
 $1,500,000 to $1,999,9991.3%  Unlock0.8%
 $2,000,000 and over  Unlock0.9%1.1%
 space3
 Housing Units By Year Built
 Petoskey, MIElk Rapids township, MIUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock9.8%13.6%
 2000 to 20096.1%  Unlock13.6%
 1990 to 1999  Unlock10.9%13.6%
 1980 to 198910.8%  Unlock13.2%
 1970 to 1979  Unlock19.1%14.8%
 1960 to 196915.6%  Unlock13.6%
 1950 to 1959  Unlock8.6%10.0%
 1940 to 19498.8%  Unlock4.7%
 1939 or Earlier  Unlock23.7%12.2%
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Reviews for Petoskey    15 Reviews
Al · Petoskey, MI
Petoskey is Our Kind of Town
Over 3 years ago

The people in Petoskey are generally pleasant, friendly, and courteous .... even the teenagers in our experience. Petoskey is certainly a physically attractive area in  More

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Abhd · Holt, MI
Favorite Part of Michigan
Over 4 years ago

Petoskey, between Harbor Springs and Charlevoix, is in a trio of small northern Lower Michigan towns that exceeds the charm and sophistication of typical small towns.   More

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Janet · Petoskey, MI
Best place we have lived
Over 6 years ago

My husband and I have lived in Petoskey for 8 years. We have lived in Arizona, Utah, Colorado, Virginia and Ohio and by far, Petoskey is our favorite place to live. We  More

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Reviews for Elk Rapids Township    0 Reviews

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Learn More About Petoskey, Michigan
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Learn More About Elk Rapids township, Michigan
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