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Lake Leelanau CDP, MI

ZIP 49653 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49653

Median Home Value
$532,100
Median Rent
$860
Affordability Snapshot
$146,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,418/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

51.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 49653 in Lake Leelanau CDP, MI, a household would need roughly $146,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,418. That is about 72% above the local median household income ($84,954), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 48% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
96.8%+48% vs US avg
x
Vacancy Rate
48.1%+367% vs US avg
x
Broadband Access
86.7%-0% vs US avg
x
4+ Bedrooms
16.4%+10% vs US avg
x
Built Pre-1939
3.9%-69% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
16.0%-68% vs US avg
x
Mortgage-Free
40.1%+5% vs US avg
x
$532,100
Home Value
$860
Rent
1986
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached95.3%
  • 1-unit attached0.7%
  • 2-9 units2.3%
  • 10+ units0.0%
  • Mobile home & other1.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$532,100
Median rent$860
Owner-occupied96.8%
Vacant48.1%
Price-to-income6.3x
Est. income to buy$146,000