Housing data for Petoskey, MI
Petoskey, MI has an estimated 5,856 residents and 3,069 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Emmet County.
38.9% of households rent.
The median gross rent is $1,006 a month.
Its population grew measurably since 2015–2019 (+2.3%).
Figures last updated on .
- Residents
- 5,856 (±23)
- Housing units
- 3,069 (±235)
- Households that rent
- 38.9%
- Median gross rent
- $1,006
- Residents since 2015–2019
- +2.3%
What stands out in Petoskey
Homes in buildings of 5 or more units: 24.0% (±6.1 points) in Petoskey, higher than in Emmet County (11.8%).
Households that rent: 38.9% (±6.1 points) in Petoskey, higher than in Emmet County (23.0%).
Median real estate taxes: $3,841 (±$416) in Petoskey, higher than in Emmet County ($2,634).
Homes built before 1980: 62.2% (±9.1 points) in Petoskey, higher than in Emmet County (42.4%).
- Types of homes in Petoskey
- Renters and owners in Petoskey
- Property taxes in Petoskey
- Age of homes in Petoskey
Housing in Petoskey at a glance
- Median rent: $1,006 median gross rent a month
- Rent by bedrooms: $1,067 median gross rent, 2 bedrooms
- Rent burden: 47.5% of renters pay 30% or more of income
- Renters and owners: 38.9% of households rent
- Income and affordability: $74,196 median household income
- Home values: $364,100 median home value
- Homeowner costs: $1,669 median monthly cost with a mortgage
- Property taxes: $3,841 median real estate taxes a year
- Types of homes: 24.0% of homes are in buildings of 5 or more units
- Bedrooms: 56.9% of homes have 3 or more bedrooms
- Age of homes: 62.2% of homes were built before 1980
- Vacancy rate: 3.6% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 79.3% heat with utility gas
- Commute and cars: 14.6 minutes average trip to work
- Crime reported to police: 190 violent crimes per 100,000 residents
- Growth: +2.3% residents since 2015–2019
- How long people stay: 27.8% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room
Petoskey against Emmet County, its state and the nation
| Petoskey | Emmet County | Michigan | United States | |
|---|---|---|---|---|
| Residents | 5,856 (±23) | 34,125 (exact) | 10,077,761 (exact) | 334,922,499 |
| Housing units | 3,069 (±235) | 21,979 (±63) | 4,622,236 (±795) | 143,775,355 |
| Households that rent | 38.9% (±6.1 points) | 23.0% (±1.7 points) | 26.8% (±0.2 points) | 34.8% |
| Median gross rent | $1,006 (±$85) | $1,112 (±$81) | $1,129 (±$4) | $1,413 |
| Median household income | $74,196 (±$9,297) | $78,112 (±$4,802) | $72,875 (±$293) | $80,734 |
| Median home value | $364,100 (±$26,616) | $315,700 (±$11,662) | $231,600 (±$642) | $332,700 |
| Median real estate taxes (a year) | $3,841 (±$416) | $2,634 (±$80) | $2,904 (±$9) | $3,119 |
| Built before 1980 | 62.2% (±9.1 points) | 42.4% (±2.6 points) | 62.1% (±0.2 points) | 49.7% |
| Average commute | 14.6 minutes (±1.8) | 19.9 minutes (±1.1) | 24.2 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 91.0% (±4.1 points) | 91.1% (±1.7 points) | 90.5% (±0.1 points) | 91.0% |
| Median age of residents | 41.0 years (±3.0) | 47.0 years (±0.5) | 40.2 years (±0.1) | 38.9 years |
Petoskey covers 5.1 square miles of land, about 1,138 residents per square mile (Census Bureau Gazetteer).
How Petoskey has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 5,724 (±31) | 5,856 (±23) | +2.3% | Measurable increase |
| Housing units | 3,605 (±220) | 3,069 (±235) | −14.9% | Measurable decrease |
| Median gross rent | $714 (±$55) | $1,006 (±$85) | +40.9% | Up after inflation |
| Median home value | $177,000 (±$17,645) | $364,100 (±$26,616) | +105.7% | Up after inflation |
| Median household income | $45,107 (±$6,751) | $74,196 (±$9,297) | +64.5% | Up after inflation |
| Median owner cost with a mortgage | $1,266 (±$110) | $1,669 (±$134) | +31.8% | No measurable change after inflation |
| Median real estate taxes | $2,539 (±$316) | $3,841 (±$416) | +51.3% | Up after inflation |
| Households that rent | 47.8% (±5.2 points) | 38.9% (±6.1 points) | −8.9 percentage points | Measurable decrease |
| Rental vacancy rate | 6.8% (±5.0 points) | 3.6% (±3.8 points) | −3.2 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 Petoskey
In 2025, the Petoskey Police Department reported 190 violent and 500 property crimes per 100,000 residents to the FBI.
Across Emmet County, the departments that report recorded 123 violent and 268 property crimes per 100,000 residents that year.
Places near Petoskey
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Resort Township | 2.5 mi | $844 | $394,500 | 9.7% |
| Harbor Springs | 4.8 mi | $1,027 | $415,700 | 31.9% |
| Bay Township | 4.9 mi | $968 | $368,000 | 3.2% |
| Bear Creek Township | 5.3 mi | $1,453 | $364,500 | 36.0% |
| West Traverse Township | 6.0 mi | $1,148 | $399,600 | 10.5% |
| Little Traverse Township | 7.1 mi | $988 | $345,400 | 17.7% |
| Hayes Township (Charlevoix County) | 7.2 mi | $1,404 | $247,000 | 10.4% |
| Evangeline Township | 7.8 mi | $1,333 | $384,100 | 12.8% |
Places in Michigan most like Petoskey
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Traverse City | $995 | $415,400 | $74,087 | 36.3% |
| Grandville | $1,143 | $271,300 | $78,442 | 32.9% |
| Holland | $1,193 | $252,200 | $75,865 | 32.2% |
| Frankfort | $876 | $350,000 | $54,327 | 35.9% |
| Boyne City | $906 | $249,000 | $64,855 | 31.8% |
| Portage | $1,133 | $262,300 | $83,212 | 30.9% |
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 Petoskey, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,015 | $1,021 | $1,336 | $1,592 | $1,756 |
HUD income limits for Petoskey, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $21,350 | $35,600 | $56,950 |
| 2 people | $24,400 | $40,700 | $65,100 |
| 3 people | $27,450 | $45,800 | $73,250 |
| 4 people | $33,000 | $50,850 | $81,350 |
| 5 people | $38,680 | $54,950 | $87,900 |
| 6 people | $44,360 | $59,000 | $94,400 |
| 7 people | $50,040 | $63,100 | $100,900 |
| 8 people | $55,720 | $67,150 | $107,400 |
These are the limits HUD sets for its housing programs in the Emmet County, MI, where HUD’s median family income for fiscal year 2026 is $101,700.
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 Petoskey
What is the average rent in Petoskey, MI?
The Census Bureau publishes the median rather than the average: the median gross rent in Petoskey is $1,006 (±$85) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Petoskey?
The median gross rent for a one-bedroom home in Petoskey, MI is $705 (±$161) a month (2020–2024 American Community Survey).
Are renters in Petoskey rent-burdened?
47.5% of renting households in Petoskey pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Petoskey?
Petoskey has an estimated 1,029 (±189) renting households, 38.9% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Petoskey?
The median household income in Petoskey is $74,196 (±$9,297) a year (2020–2024 American Community Survey).
What is the average home value in Petoskey, MI?
The Census Bureau publishes the median: $364,100 (±$26,616) for owner-occupied homes in Petoskey (2020–2024 American Community Survey).
Is Petoskey growing?
In Petoskey, the number of residents went from 5,724 in 2015–2019 to 5,856 in 2020–2024 (+2.3%), a measurable increase.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Petoskey city, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Petoskey city, Michigan
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Petoskey city, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Petoskey city, Michigan
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Petoskey city, Michigan
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Petoskey city, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Petoskey city, Michigan
- HUD Fair Market Rents, fiscal year 2027: Emmet County, MI
- HUD Income Limits, fiscal year 2026: Emmet County, MI
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Petoskey Police Department (ORI MI2466200)
- FBI: Uniform Crime Reporting statistics and their proper use
- 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 Petoskey city, Michigan (place:63820, in state:26).
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 .