Land and home values in Leelanau County, Michigan
Leelanau County (suburban, Traverse City, MI) covers 347 square miles and 10 census tracts. Residential land is about $24.90 per sq ft at the county median, from $12.50 in its most rural tracts to $46.10 in its most valuable. The typical home is worth about $507,000 and a 2-bedroom rents for about $1,450 a month, as of October 12, 2026.
Open on the satellite mapAll of MichiganCounty values
| Land: residential | $24.90 | per sq ft |
| Land: residential | $1.08M | per acre |
| Land: quarter-acre lot | $271,161 | 10,890 sq ft |
| Land: farmland | $13,200 | per acre |
| Home: typical (median) | $507,000 | value |
| Home: entry-level | $341,000 | lower quartile |
| Home: upper-end | $805,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $1,300 | per month |
| Rent: 2-bedroom | $1,450 | per month |
| Rent: 3-bedroom | $1,760 | per month |
| Rent: 4-bedroom | $1,920 | per month |
| Gross yield, 2-bed | 3.4% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Top tier | 2 | $46.10 | $805,000 | $1,490 |
| Upper | 6 | $23.80 | $474,000 | $1,460 |
| Mid | 1 | $20.90 | $448,000 | $1,390 |
| Rural | 1 | $25.80 | $760,000 | $1,180 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Highest-value places
| Place | Type | Land $/sq ft | Typical home |
|---|---|---|---|
| Northport | Town | $27.70 | $345,000 |
| Fishtown | Neighborhood | $26.10 | $534,000 |
| Glen Arbor | Community | $25.80 | $818,000 |
| Leland | Community | $25.80 | $745,000 |
| Lake Leelanau | Community | $25.00 | $548,000 |
| Suttons Bay | Town | $24.50 | $611,000 |
| Kettle Woods | Subdivision | $22.90 | $602,000 |
| York Condominiums | Subdivision | $22.80 | $519,000 |
Questions people ask
How much is land worth in Leelanau County, MI?
Residential land in Leelanau County, MI is about $24.90 per square foot, or $1.08M an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $271,161. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Leelanau County, MI?
The typical (median) home in Leelanau County, MI is worth about $507,000, with entry-level homes around $341,000 and upper-end homes around $805,000, as of October 2026.
How much is rent in Leelanau County, MI?
A 2-bedroom rents for about $1,450 a month in Leelanau County, MI, a 1-bedroom about $1,300 and a 3-bedroom about $1,760 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in Leelanau County, MI?
Farmland averages about $13,200 an acre in Leelanau County, MI (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.