Housing in Petoskey, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$455,378
Petoskey vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Petoskey is highlighted.
Median Home Value
77th%ilemost expensive$319,300show rank
Median Rent
41st%ilemost expensive rent$872show rank
Rent Burden
21st%ilehighest rent burden14.6%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$319,300
Median Rent
$872
Total Housing Units
3,202
Vacancy Rate
19.8%
Owner Occupied
60.3%
Renter Occupied
39.7%
Median Property Tax
$3,561
per year
Monthly Cost (w/ Mortgage)
$1,301
Housing Types
Single Family58.6%
Multi-Family41.4%
Mobile Home0.0%
The median home value in Petoskey, MI is $319,300. According to Zillow, the home value index for Petoskey is $455,378. The median rent is $872 per month (Census ACS). About 60.3% of housing units are owner-occupied. The median year homes were built is 1974. There are 3,202 total housing units.