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.
See the full metro analysis: Traverse City, MI stress score, crash risk, and 12-month forecast →
Home Value$831,751
+1.8%
AFFORDABILITY6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.
Enter your income for Lake Leelanau.
$166,350 on $831,751
Out of reach — 86.5% 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
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Michigan
Compare Lake Leelanau with other housing markets across Michigan.
Full Traverse City, MI analysis
Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Traverse City, MI metro.
View Traverse City, MI metro →