The median home in Lake Leelanau, Michigan is valued at $831,751, up 1.8% year over year. Lake Leelanau is part of the Traverse City, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$831,751

+1.8%

Prices rising — worse for buyers.

Affordability

Enter your income for Lake Leelanau.

Income (annual)

Down Payment

$166,350 on $831,751

Example: $75,000 household income. Change it above to see your own.

Out of reach86.5% of income

Need $231,729/yr to afford.

PITI$5,407

P/I86.5%

Afford$269K

Gap-$563K

P&I $4,206Tax $1,067Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Lake Leelanau with other housing markets across Michigan.

Lake Angelus$1.66M Leland$1.1M Orchard Lake$914K Franklin$845K Kewadin$811K Lakeside$800K Northport$758K Union Pier$740K

Full Traverse City, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Traverse City, MI metro.

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Lake Leelanau, MI