Housing data for Peninsula Township, MI
Peninsula Township, MI has an estimated 6,097 residents and 3,533 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Grand Traverse County.
9.8% of households rent.
The median gross rent is $1,589 a month.
Its population grew measurably since 2015–2019 (+5.6%).
Figures last updated on .
- Residents
- 6,097 (±30)
- Housing units
- 3,533 (±327)
- Households that rent
- 9.8%
- Median gross rent
- $1,589
- Residents since 2015–2019
- +5.6%
What stands out in Peninsula Township
Median home value: $706,900 (±$91,169) in Peninsula Township, higher than in Grand Traverse County ($339,400).
Median real estate taxes: $6,092 (±$812) in Peninsula Township, higher than in Grand Traverse County ($3,010).
Working from home: 31.9% (±7.2 points) in Peninsula Township, higher than in Grand Traverse County (15.2%).
Median household income: $137,787 (±$19,873) in Peninsula Township, higher than in Grand Traverse County ($81,647).
- Home values in Peninsula Township
- Property taxes in Peninsula Township
- Commute and cars in Peninsula Township
- Income and affordability in Peninsula Township
Housing in Peninsula Township at a glance
- Median rent: $1,589 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms: $1,697 median gross rent, 2 bedrooms
- Rent burden: 39.1% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 9.8% of households rent (Small sample: wide margin of error)
- Income and affordability: $137,787 median household income
- Home values: $706,900 median home value
- Homeowner costs: $2,177 median monthly cost with a mortgage
- Property taxes: $6,092 median real estate taxes a year
- Types of homes: 1.6% of homes are in buildings of 5 or more units
- Bedrooms: 81.2% of homes have 3 or more bedrooms
- Age of homes: 29.3% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 75.9% heat with utility gas
- Commute and cars: 19.5 minutes average trip to work
- Growth: +5.6% residents since 2015–2019
- How long people stay: 11.7% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room
Peninsula Township against Grand Traverse County, its state and the nation
| Peninsula Township | Grand Traverse County | Michigan | United States | |
|---|---|---|---|---|
| Residents | 6,097 (±30) | 96,166 (exact) | 10,077,761 (exact) | 334,922,499 |
| Housing units | 3,533 (±327) | 47,003 (±84) | 4,622,236 (±795) | 143,775,355 |
| Households that rent | 9.8% (±6.3 points) | 22.8% (±1.6 points) | 26.8% (±0.2 points) | 34.8% |
| Median gross rent | $1,589 (±$814) | $1,288 (±$65) | $1,129 (±$4) | $1,413 |
| Median household income | $137,787 (±$19,873) | $81,647 (±$3,008) | $72,875 (±$293) | $80,734 |
| Median home value | $706,900 (±$91,169) | $339,400 (±$8,651) | $231,600 (±$642) | $332,700 |
| Median real estate taxes (a year) | $6,092 (±$812) | $3,010 (±$112) | $2,904 (±$9) | $3,119 |
| Built before 1980 | 29.3% (±7.4 points) | 41.5% (±2.2 points) | 62.1% (±0.2 points) | 49.7% |
| Average commute | 19.5 minutes (±3.5) | 20.6 minutes (±0.7) | 24.2 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 94.3% (±3.6 points) | 91.9% (±1.2 points) | 90.5% (±0.1 points) | 91.0% |
| Median age of residents | 58.4 years (±3.5) | 43.5 years (±0.4) | 40.2 years (±0.1) | 38.9 years |
Peninsula Township covers 27.9 square miles of land, about 218 residents per square mile (Census Bureau Gazetteer).
How Peninsula Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 5,776 (±18) | 6,097 (±30) | +5.6% | Measurable increase |
| Housing units | 3,371 (±210) | 3,533 (±327) | +4.8% | Not a measurable change |
| Median gross rent | $1,326 (±$90) | $1,589 (±$814) | +19.8% | No measurable change after inflation |
| Median home value | $435,400 (±$41,751) | $706,900 (±$91,169) | +62.4% | Up after inflation |
| Median household income | $102,359 (±$11,821) | $137,787 (±$19,873) | +34.6% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,239 (±$346) | $2,177 (±$289) | −2.8% | Down after inflation |
| Median real estate taxes | $5,207 (±$887) | $6,092 (±$812) | +17.0% | No measurable change after inflation |
| Households that rent | 13.0% (±4.5 points) | 9.8% (±6.3 points) | −3.2 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±7.2 points) | 0.0% (±10.2 points) | 0.0 percentage points | Not a measurable change |
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.
Crime reported to police in Grand Traverse County
Peninsula Township has no police department of its own in the FBI’s figures, so this is the figure for Grand Traverse County as a whole.
In 2025, the police departments that report for Grand Traverse County recorded 273 violent and 389 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Peninsula Township
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 49686 | 59% | 25,492 | $1,227 | $344,700 | $71,609 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Peninsula Township
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Elk Rapids | 5.8 mi | $1,056 | $393,400 | 24.8% |
| Elk Rapids Township | 6.0 mi | $1,238 | $401,100 | 24.3% |
| Bingham Township (Leelanau County) | 6.1 mi | — | $373,200 | 2.0% |
| Acme Township | 7.4 mi | $1,490 | $338,300 | 12.4% |
| Elmwood Charter Township | 8.0 mi | $1,660 | $436,400 | 10.3% |
| Suttons Bay | 8.8 mi | $1,193 | $523,200 | 20.5% |
| Suttons Bay Township | 9.1 mi | $1,151 | $440,500 | 12.9% |
| Milton Township (Antrim County) | 9.3 mi | $1,125 | $528,000 | 6.8% |
Places in Michigan most like Peninsula Township
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Forest Hills | $1,958 | $498,500 | $158,005 | 6.0% |
| Texas Charter Township | $1,470 | $415,100 | $147,128 | 3.5% |
| Ada Township | $2,139 | $544,700 | $168,468 | 7.2% |
| Webster Township | $1,782 | $564,000 | $155,104 | 4.8% |
| Scio Township | $1,677 | $519,100 | $129,816 | 18.1% |
| Byron Center | $1,517 | $384,400 | $122,553 | 4.1% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Michigan.
HUD Fair Market Rent for Peninsula Township, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,181 | $1,188 | $1,436 | $1,883 | $1,928 |
HUD income limits for Peninsula Township, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $23,950 | $39,900 | $63,800 |
| 2 people | $27,350 | $45,600 | $72,900 |
| 3 people | $30,750 | $51,300 | $82,000 |
| 4 people | $34,150 | $56,950 | $91,100 |
| 5 people | $38,680 | $61,550 | $98,400 |
| 6 people | $44,360 | $66,100 | $105,700 |
| 7 people | $50,040 | $70,650 | $113,000 |
| 8 people | $55,720 | $75,200 | $120,300 |
These are the limits HUD sets for its housing programs in the Grand Traverse County, MI HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $113,900.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Peninsula Township
How much is a one-bedroom apartment in Peninsula Township?
The median gross rent for a one-bedroom home in Peninsula Township, MI is $425 (±$17) a month (2020–2024 American Community Survey).
What is the median household income in Peninsula Township?
The median household income in Peninsula Township is $137,787 (±$19,873) a year (2020–2024 American Community Survey).
What is the average home value in Peninsula Township, MI?
The Census Bureau publishes the median: $706,900 (±$91,169) for owner-occupied homes in Peninsula Township (2020–2024 American Community Survey).
What is the average mortgage payment in Peninsula Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Peninsula Township, MI is $2,177 (±$289) a month, including taxes, insurance and utilities.
How much are property taxes in Peninsula Township?
The median real estate tax paid by homeowners in Peninsula Township, MI is $6,092 (±$812) a year (2020–2024 American Community Survey).
How many homes are in Peninsula Township?
Peninsula Township, MI has an estimated 3,533 (±327) housing units, occupied and vacant (2020–2024 American Community Survey).
Is Peninsula Township growing?
In Peninsula Township, the number of residents went from 5,776 in 2015–2019 to 6,097 in 2020–2024 (+5.6%), a measurable increase.
What ZIP codes are in Peninsula Township?
The ZIP code that covers Peninsula Township is 49686.
What is the median rent in ZIP code 49686?
The median gross rent in ZIP Code Tabulation Area 49686 is $1,227 (±$112) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Peninsula township, Grand Traverse County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Peninsula township, Grand Traverse County, Michigan
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Peninsula township, Grand Traverse County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Peninsula township, Grand Traverse County, Michigan
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Peninsula township, Grand Traverse County, Michigan
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Peninsula township, Grand Traverse County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Peninsula township, Grand Traverse County, Michigan
- HUD Fair Market Rents, fiscal year 2027: Grand Traverse County, MI HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Grand Traverse County, MI HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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 Peninsula township, Grand Traverse County, Michigan (county subdivision:63340, in state:26 county:055).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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.
Figures last updated on .