Leelanau County Area Home Supply Charts

This page looks at a variety of Leelanau County Michigan housing market data taken from the most recent 2021 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Leelanau County depicts it has a Housing Units of 15,738 which is in the middle range of other counties in the surrounding region.

Figure 2 illustrates the housing density in the Leelanau County housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Leelanau County shows it has a Housing Density of 45.3 which is the second most housing densities of all the counties in the greater Leelanau County region. The county with the highest housing density in the area is Grand Traverse County which depicts a density of 95.8 (about twice as large). Comparing housing density to the United States average of 39.2, Leelanau County is 15.7% larger. Also, benchmarked against the state of Michigan, housing density of 81.8, Leelanau County is approximately half the size.

In Figure 4, Leelanau County area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Leelanau County shows it has a Housing Unit Change of 5.4% which is the second most housing units of all the counties in the greater Leelanau County region. The county with the highest change in the housing units in the area is Grand Traverse County which depicts a housing units of 7.0% (29.3% larger). Comparing change in the housing units to the United States average of 6.5%, Leelanau County is about 20.1% smaller. Also, benchmarked against the state of Michigan, change in the housing units of 1.8%, Leelanau County is approximately 3.1 times bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Leelanau County shows it has a Renter Percent of 11.1% which is the second smallest in order of renter percent of all the other counties in the surrounding region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 88.9% which is the second most owner percent of all the counties in the greater Leelanau County region.

Leelanau County Home Cost Charts

Looking at the housing data provided in Figure 7, the average Leelanau County home price is illustrated for this community and a useful analysis of affordable housing. Leelanau County indicates it has a Median Home Value of $285,700 which is the largest of all counties in the greater Leelanau County region. Figure 8 provides aggregate comparative data for the Leelanau County Michigan metro area in terms of the median housing rental rate, apartment rent, etc. Leelanau County depicts it has a Median Gross Rent of $961 which is the second most of all the counties in the metropolitan area. The county with the highest rental rates in the area is Grand Traverse County which shows a rental rates of $965 ( about the same size). Comparing rental rates to the United States average of $1,096, Leelanau County is about 14.0% smaller. Also, in comparison with the state of Michigan, rental rates of $892, Leelanau County is 7.7% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Leelanau County has the smallest proportion of home price worth less than $50,000 at 4% of the total. Second, it has the smallest proportion of home price worth between $50,000 to $100,000 at 20% of the total. Third, it has the largest proportion of home price worth between $300,000 to $400,000 at 9% of the total and is ranked #1. Also, it has the largest proportion of home price worth between $400,000 to $500,000 at 12% of the total and is ranked #1. In addition, it has the largest proportion of home price worth between $500,000 to $750,000 at 5% of the total and is ranked #1. Furthermore, it has the largest proportion of home price worth between $750,000 to $1,000,000 at 4% of the total and is ranked #1. Next it has the largest proportion of home price worth between $1,000,000 to $1,500,000 at 4% of the total and is ranked #1. Additionally, it has the largest proportion of home price worth between $1,500,000 to $2,000,000 at 4% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Leelanau County shows it has a Median Owner Cost of $1,031 which is the second most median ownership cost of all the counties in the greater Leelanau County region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Leelanau County metro area. it has a Owner Cost as % of HH Income of 17% which is in the mid range of other counties in the metropolitan area.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Leelanau County depicts it has a Median Home Value as Percent of Median Earnings of 598% which is the largest of all counties in the greater Leelanau County region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Leelanau County shows it has a Median Owner Costs-With Mortgage of $1,432 which is more than all other counties in the greater Leelanau County region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $521 which is the largest of all counties in the greater Leelanau County region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Leelanau County has the smallest proportion of owner cost less than $300 at 13% of the total. Second, it has the smallest proportion of owner cost between $500 and $700 at 12% of the total. Third, it has the largest proportion of owner cost between $1,500 and $2,000 at 6% of the total and is ranked #1. Also, it has the largest proportion of owner cost between $2,000 and $2,500 at 3% of the total and is ranked #1. In addition, it has the largest proportion of owner cost between $2,500 and $3,000 at 2% of the total and is ranked #1. Furthermore, it has the largest proportion of owner cost between $3,000 and $3,500 at 1% of the total and is ranked #1. Next it has the largest proportion of owner cost between $3,500 and $4,000 at 2% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Leelanau County depicts it has a % of Income Owner Costs-With Mortgage of 23% which is more than all other counties in the greater Leelanau County region. Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Leelanau County depicts it has a % of Income Owner Costs-No Mortgage of 11% which is less than most other counties in the local area. The county with the highest cost as a percent of household income in the area is Benzie County which shows a cost as a percent of household income of 12% (7.5% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Leelanau County has the largest proportion of rent as a percent of income is less than 10 pct at 25% of the total and is ranked #1. Second, it has less than most other counties in the greater region in order of rent as a percent of income is between 40pct to 50pct at 16% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Leelanau County has the smallest proportion of housing cost between $500 and $700 at 13% of the total. Second, it has the largest proportion of housing cost between $1,000 and $1,500 at 12% of the total and is ranked #1. Third, it has the largest proportion of housing cost between $1,500 and $2,000 at 6% of the total and is ranked #1. Also, it has the largest proportion of housing cost between $2,000 and $2,500 at 3% of the total and is ranked #1. In addition, it has the largest proportion of housing cost between $2,500 and $3,000 at 5% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $2,390 which is the second most of all the counties in the metropolitan area. The county with the highest median real estate taxes paid in the area is Grand Traverse County which depicts a taxes paid of $2,607 (9.1% larger). Comparing median real estate taxes paid to the United States average of $2,551, Leelanau County is about 6.7% smaller. Also, measured against the state of Michigan, median real estate taxes paid of $2,441, Leelanau County is only about 2.1% smaller.

Figure 23 shows the rental rate distribution for this area. Leelanau County Michigan has the smallest proportion of rent less than 300 dollars at 6% of the total. Second, it has less than most other counties in the greater region in terms of rent between 300 and 500 dollars at 19% of the total. Third, it has one of the largest proportions of rent between 750 and 1000 dollars at 35% of the total and is ranked #2. The only larger county being Grand Traverse County with 36%. Also, it has the largest proportion of rent between 1000 and 1500 dollars at 8% of the total and is ranked #1.

Leelanau County Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Leelanau County has the smallest proportion of With mortgage at 46% of the total. Second, it has the largest proportion of Mortgage and 2nd Mortgage at 1% of the total and is ranked #1. Third, it has one of the largest proportions of With HELOC no Primary Mortgage at 44% of the total and is ranked #3. Only #2 Antrim County (45%), and #1 Schoolcraft County (49%) are larger.

Leelanau County Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.8 which is in the center range of other counties in the local area. The county with the highest family members per housing unit in the area is Benzie County which depicts a family members per housing unit of 3.1 (9.8% larger). Comparing family members per housing unit to the United States average of 3.3, Leelanau County is about 16.8% smaller. Also, compared with the state of Michigan, family members per housing unit of 3.1, Leelanau County is about 10.9% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 6.0 which is the most of all counties in the greater Leelanau County region. Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1985 which is the second most year built of all the counties in the greater Leelanau County region. The county with the highest year built in the area is Grand Traverse County which depicts a year built of 1986 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built between 2010 to 2013 at 17% of the total and is ranked #2. The only larger county being Grand Traverse County with 17%. Second, it has the largest proportion of homes built between 2000 to 2009 at 22% of the total and is ranked #1. Third, it has the smallest proportion of homes built between 1960 to 1969 at 5% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units less than most other counties in the metropolitan area at 1,023 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of one unit detached at 7% of the total and is ranked #1. Second, it has the smallest proportion of 10 to 19 units at 0% of the total. Third, it has the smallest proportion of 50 or more units at 3% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has the largest proportion of value of homes built 2014 or later at $400,000 of the total and is ranked #1. Second, it has the largest proportion of value of homes built 2010 to 2013 at $383,800 of the total and is ranked #1. Third, it has the largest proportion of value of homes built 2000 to 2009 at $313,700 of the total and is ranked #1. Also, it has the largest proportion of value of homes built 1990 to 1999 at $278,400 of the total and is ranked #1. In addition, it has the largest proportion of value of homes built 1980 to 1989 at $241,100 of the total and is ranked #1. Furthermore, it has the largest proportion of value of homes built 1970 to 1979 at $239,900 of the total and is ranked #1. Next it has the largest proportion of value of homes built 1960 to 1969 at $215,900 of the total and is ranked #1. Additionally, it has the largest proportion of value of homes built 1950 to 1959 at $315,600 of the total and is ranked #1. And then, it has one of the largest proportions of value of homes built 1940 to 1949 at $246,200 of the total and is ranked #2. The only larger county being Grand Traverse County with $285,700.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Leelanau County residents. it has a Owner-Household Size of 2.3 which is in the mid range of other counties in the local area. The county with the highest homeowner household size in the area is Benzie County which depicts a homeowner household size of 2.5 (8.7% larger).

Figure 37 shows the household size for renters. Leelanau County depicts it has a Renter-Household Size of 2.3 which is the third most of all other counties in the metro area. The county with the highest renter household size in the area is Benzie County which shows a renter household sizes of 2.4 (only about 3.0% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later in the middle range of other counties in the area at 16% of the total. Second, it has the second smallest as measured by owners moved in 2019 or later of all the other counties in the metro area when ranked by owners moved in 2015 to 2018 at 14% of the total. Third, it has the largest proportion of owners moved in 2000 to 2009 at 22% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Leelanau County has the largest proportion of renters moved in 2019 or later at 53% of the total and is ranked #1. Second, it has the smallest proportion of renters moved in 2000 to 2009 at 2% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2003 which is the second smallest when ranked by median year that a home owner moved in of all the other counties in the local area. Figure 41 compares the median year that renters moved into their home. Leelanau County depicts it has a Renter Median Year Moved In of 2015 which is the second most of all the counties in the surrounding region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of home using electricity at 5% of the total and is ranked #1. Second, it has the second smallest when ranked by homes using natural gas of all the other counties in the greater region when sorted by homes using coal or coke at 7% of the total. Third, it has the largest proportion of homes using wood at 0% of the total and is ranked #1. Also, it has less than most other counties in the metro area when sorted by homes using solar energy at 1% of the total.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Leelanau County housing department, Michigan department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Leelanau County shows it has a Total In Group Quarters of 413 which is the second most number of people in group quarters of all the counties in the greater Leelanau County region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Leelanau County residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Leelanau County has the smallest proportion of number of people under 18 years of age and in group quarters at 88% of the total.