Zip 49653 (Lake Leelanau, MI) Housing

The housing market in Lake Leelanau, MI (49653) is thriving. The median value of homes is $591,700, which is well above the US median value of $338,100. In the past year, house appreciation in this region was 15.49%, far exceeding the national rate of 8.27%. This reflects a growing interest in Lake Leelanau as a place to live and invest in property. It appears that this trend will continue into the future as more people are drawn to its picturesque beauty and wealth of outdoor activities.

The median home cost in Lake Leelanau (zip 49653) is $591,700. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Lake Leelanau (zip 49653) is up 19.8%.

Average Age of Homes

- The median age of Lake Leelanau (zip 49653) real estate is 39 years old

The Rental Market in Lake Leelanau (zip 49653)

- Renters make up 6.4% of the Lake Leelanau (zip 49653) population
- 1.8% of houses and apartments in Lake Leelanau (zip 49653), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lake Leelanau, Michigan	United States
	1,417.0	139,647,020.0
	41	42
	$591,700	$338,100
	19.8%	16.6%
	69.9%	57.0%
	122.2%	101.1%
	$7.52	$10.98
	$2,643	$2,690
	48.8%	57.4%
	48.3%	11.2%
	3.0%	31.4%
Vacant Housing
	1.8%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	43.8%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	0.9%	2.4%
	0.0%	2.8%
	0.7%	3.9%
	1.0%	4.5%
	2.2%	11.3%
	17.9%	13.0%
	17.1%	20.1%
	19.0%	13.6%
	8.1%	8.3%
	9.1%	9.7%
	12.2%	3.9%
	5.2%	2.2%
	0.7%	0.8%
	5.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	17.5%	13.6%
	17.5%	13.6%
	19.6%	13.6%
	7.6%	13.2%
	9.4%	14.8%
	19.6%	13.6%
	3.5%	10.0%
	5.8%	4.7%
	16.7%	12.2%

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