Petoskey, MI Housing Statistics

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A+

20%

Med. Home Val. NAT. AVG.

25%

Rent NAT. AVG.

14%

Owner Occ. NAT. AVG.

Petoskey Housing Information

Index	Petoskey	Michigan	National
Median home price	$391,133	$235,809	$326,622
Median rent asked	$1,087	$1,222	$1,444
Avg. people per household	2.1	2.5	2.6
Owner occupied households	54.9%	70.8%	63.6%
Renter occupied households	45.1%	29.2%	36.4%

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Homes For Sale In Petoskey, MI

1275 Lone Oak Ct

Petoskey, MI

8198 Horton Bay Rd

Petoskey, MI

1071 Roy Rd

Petoskey, MI

***** Horseshoe Trl

Bay Township, MI

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Housing Quick Facts

The median home price in Petoskey is 20% higher than the national average.
The median rent asked in Petoskey is 25% lower than the national average.
The average number of people per household in Petoskey is 21% lower than the national average.
The number of owner occupied households in Petoskey is 14% lower than the national average.
The number of renter occupied households in Petoskey is 24% higher than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Ponshewaing, MI	32	$0	100%
Bay View, MI	182	$0	100%
Oden, MI	473	$135,844	58%
Pellston, MI	784	$151,264	54%
Alanson, MI	989	$186,936	43%
Petoskey, MI	5,865	$391,133	20%

Cities with similar population

	Population	Home Price	National Avg.
Oceanport, NJ	5,865	$969,636	197%
Marion, VA	5,865	$204,116	38%
Spring Grove, IL	5,867	$563,444	73%
Gardiner, ME	5,863	$276,280	15%
Fort Rucker, AL	5,862	$0	100%
Petoskey, MI	5,865	$391,133	20%

Source: The Petoskey, MI housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.