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Advertise here →Petoskey, MI · Market Data
Petoskey, Michigan real estate market data.
Real estate market data for Petoskey, MI (Emmet County) — Census median home value $319,300, county listing prices up about 3.9% over the past year.
Petoskey, MI is in Emmet County, Michigan — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 5,851, with a median household income of $71,783. Census data puts Petoskey's median home value at $319,300.
At a glance
Petoskey market snapshot
Population
5,851
Median Household Income
$71,783
Median Home Value (city)
$319,300
Median Gross Rent
$872/mo
Price Trend (YoY)
+3.9%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Petoskey different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Petoskey's median home value — across all owner-occupied homes, not just recent sales — at $319,300.
County Price Trend
Emmet County's FHFA house price index shows a 3.86% annual change in 2025.
Population & Income
Petoskey has an estimated population of 5,851 and a median household income of $71,783, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Petoskey's Census-reported median home value works out to about 4.4x the area's median household income, and median gross rent runs roughly 15% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Petoskey FAQ
What are home values like in Petoskey, MI?
The Census Bureau's American Community Survey puts Petoskey's median home value at $319,300.
What is the population of Petoskey, MI?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Petoskey's population at approximately 5,851.
What's the median rent in Petoskey, MI?
The Census ACS estimates median gross rent in Petoskey at approximately $872 per month.
What is the median household income in Petoskey, MI?
Census ACS data puts the median household income in Petoskey at approximately $71,783.
Is the Petoskey housing market growing?
Emmet County's FHFA house price index shows a 3.86% annual change in 2025.
Is Petoskey, MI affordable relative to income?
Census ACS data puts Petoskey's median home value at about 4.4 times the median household income, with median gross rent equal to roughly 15% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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