The housing market in Lake Leelanau, MI is very strong. The median value for a house in the area is $663,400 which is nearly twice the US House Median Value of $338,100. In addition to this, there has been a notable increase in appreciation over the past year with an 8.27% increase in the US and a 15.49% increase in Lake Leelanau. This shows that real estate investments in Lake Leelanau are very attractive right now and could be a great opportunity for people looking to buy or invest in property when done correctly.
The median home cost in Lake Leelanau is $663,400. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Lake Leelanau is up 19.8%.
Average Age of Homes
- The median age of Lake Leelanau real estate is 46 years old
The Rental Market in Lake Leelanau
- Renters make up 16.1% of the Lake Leelanau population
- 0.0% of houses and apartments in Lake Leelanau, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.