Zip 49770 (Petoskey, MI) Housing

The housing market in Petoskey, MI is booming. The median value of homes in 49770 Petoskey is $335,500, which is slightly lower than the US median value of $338,100. However, the 1 year appreciation rate for homes in Petoskey is much higher than the national average at 16.52%, significantly outpacing the 8.27% appreciation rate of homes across the US as a whole. This shows that there is a strong demand for houses in this area and prices are increasing rapidly.

The median home cost in Petoskey (zip 49770) is $335,500. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Petoskey (zip 49770) is up 21.4%.

Average Age of Homes

- The median age of Petoskey (zip 49770) real estate is 36 years old

The Rental Market in Petoskey (zip 49770)

- Renters make up 22.0% of the Petoskey (zip 49770) population
- 0.9% of houses and apartments in Petoskey (zip 49770), 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	Petoskey, Michigan	United States
	9,977.0	139,647,020.0
	40	42
	$335,500	$338,100
	21.4%	16.6%
	68.6%	57.0%
	98.7%	101.1%
	$10.85	$10.98
	$2,522	$2,690
	51.3%	57.4%
	26.8%	11.2%
	21.9%	31.4%
Vacant Housing
	0.9%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.0%	0.4%
	23.9%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	2.5%	2.6%
	0.9%	2.4%
	0.8%	2.8%
	2.4%	3.9%
	3.1%	4.5%
	16.7%	11.3%
	15.9%	13.0%
	23.0%	20.1%
	15.7%	13.6%
	5.5%	8.3%
	6.5%	9.7%
	2.2%	3.9%
	2.2%	2.2%
	1.7%	0.8%
	0.8%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	14.5%	13.6%
	14.5%	13.6%
	20.8%	13.6%
	9.7%	13.2%
	14.5%	14.8%
	20.8%	13.6%
	6.8%	10.0%
	4.6%	4.7%
	17.5%	12.2%

Reviews for Petoskey

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Erin W. · Brea, CA

Petoskey = Heroin for kids

Over 7 years ago

I grew up in Petoskey. We had our first child here. Let's just say under no circumstances would we have stayed had my mom not been sick. We did plan to move right after More

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