What is the median home value in Elmwood Charter Township, MI?

Name: Home values in Elmwood Charter Township, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Elmwood Charter Township, MI is $436,400 (±$32,385), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Elmwood Charter Township, the median home value went from $247,900 in 2015–2019 to $436,400 in 2020–2024 (+76.0%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median home value: $436,400 (±$32,385)
Owner-occupied homes: 1,818 (±147)
Most common range: $300,000 to $499,999

Home values in Elmwood Charter Township

Owner-occupied homes by value, 2020–2024
Value	Elmwood Charter Township	Leelanau County	Michigan	United States
Less than $50,000	5.7% (±2.6 points)	3.0%	7.6%	5.3%
$50,000 to $99,999	0.4% (±0.6 points)	1.2%	9.2%	6.1%
$100,000 to $149,999	4.7% (±4.1 points)	2.7%	10.6%	6.8%
$150,000 to $199,999	2.3% (±2.0 points)	3.0%	14.1%	9.0%
$200,000 to $299,999	17.5% (±5.0 points)	16.2%	23.4%	17.8%
$300,000 to $499,999	30.6% (±5.9 points)	30.1%	24.1%	26.9%
$500,000 to $999,999	29.6% (±5.6 points)	30.0%	9.2%	20.9%
$1,000,000 or more	9.1% (±4.3 points)	13.9%	1.6%	7.1%

The most common range is $300,000 to $499,999, 30.6% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Elmwood Charter Township against Leelanau County, its state and the nation

Estimate (90% margin of error)
	Elmwood Charter Township	Leelanau County	Michigan	United States
Median home value	$436,400 (±$32,385)	$458,400 (±$13,150)	$231,600 (±$642)	$332,700
Owner-occupied homes	1,818 (±147)	8,837 (±256)	2,984,190 (±12,886)	84,210,142

In Elmwood Charter Township, the median home value is not measurably different from Leelanau County ($458,400).

It is also higher than in Michigan ($231,600).

It is higher than the national figure ($332,700).

In Leelanau County, Elmwood Charter Township ranks 8 of 11 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 51 of 1,518.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Elmwood Charter Township have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$247,900 (±$18,051)	$436,400 (±$32,385)	+76.0%	Up after inflation
Median owner cost with a mortgage	$1,382 (±$154)	$1,875 (±$281)	+35.7%	No measurable change after inflation
Median real estate taxes	$1,966 (±$203)	$2,814 (±$232)	+43.1%	Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Elmwood Charter Township

Nearest places with a published estimate, compared with Elmwood Charter Township
Place	Distance	Median home value	Compared with this place
Elmwood Charter Township	—	$436,400 (±$32,385)	—
Solon Township (Leelanau County)	5.5 mi	$376,100 (±$27,497)	Lower
Traverse City	5.7 mi	$415,400 (±$20,684)	Not measurably different
Bingham Township (Leelanau County)	6.1 mi	$373,200 (±$29,326)	Lower
Garfield Charter Township	7.1 mi	$316,200 (±$24,433)	Lower
Centerville Township	7.8 mi	$444,400 (±$56,902)	Not measurably different
Peninsula Township	8.0 mi	$706,900 (±$91,169)	Higher
Long Lake Township	8.9 mi	$410,600 (±$26,442)	Not measurably different
Acme Township	9.9 mi	$338,300 (±$19,433)	Lower

Nearby places with a measurably lower figure: Solon Township (Leelanau County), MI ($376,100), Bingham Township (Leelanau County), MI ($373,200), Garfield Charter Township, MI ($316,200).

Nearby places with a measurably higher figure: Peninsula Township, MI ($706,900).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Leelanau County, place by place

Rank	Place	Median home value
2	Leland Township	$675,900 (±$134,619)
3	Leelanau Township	$569,400 (±$81,983)
4	Empire Township	$452,500 (±$30,102)
5	Centerville Township	$444,400 (±$56,902)
6	Cleveland Township	$442,400 (±$73,436)
7	Suttons Bay Township	$440,500 (±$57,331)
8	Elmwood Charter Township	$436,400 (±$32,385)
9	Kasson Township	$402,600 (±$44,351)
10	Solon Township (Leelanau County)	$376,100 (±$27,497)
11	Bingham Township (Leelanau County)	$373,200 (±$29,326)

Showing 10 of 11 places in Leelanau County, ranked from highest to lowest.

The figures for Elmwood Charter Township include the places inside it that have pages of their own: Greilickville.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Elmwood Charter Township

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Elmwood Charter Township beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Elmwood Charter Township, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Elmwood Charter Township, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Elmwood Charter Township

What is the average home value in Elmwood Charter Township, MI?

The Census Bureau publishes the median: $436,400 (±$32,385) for owner-occupied homes in Elmwood Charter Township (2020–2024 American Community Survey).

Have home values in Elmwood Charter Township gone up?

In Elmwood Charter Township, the median home value went from $247,900 in 2015–2019 to $436,400 in 2020–2024 (+76.0%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Elmwood Charter Township sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Elmwood charter township, Leelanau County, Michigan (county subdivision:25700, in state:26 county:089).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.