49653
Lake Leelanau, Michigan.
Lake Leelanau, Leelanau County, MI · Traverse City, MI metro · population 1,766
to buy the typical home at today's mortgage rate — +$2,595 (+138%) since Jan 2020.
- 1 year
- Up $44,925 +6%
- $808,643$853,569 since Sep 2025
- 5 years
- Up $182,052 +27%
- $671,516$853,569 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 49653$4,480
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in zip 49653 rose 5.6% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Lake Leelanau, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 49653
Mid-tier homes, smoothed and seasonally adjusted.
- 49653$853,569
- Traverse City$419,457
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 3.9 | 49682 | Suttons Bay | 4,699 | — | $643,305 |
| 7.9 | 49621 | Cedar | 3,483 | — | $529,175 |
| 9.0 | 49674 | Omena | 215 | — | $1,075,589 |
| 10.3 | 49664 | Maple City | 2,332 | — | $621,661 |
| 11.6 | 49670 | Northport | 1,784 | — | $817,350 |
| 11.8 | 49684 | Traverse City | 21,585 | $1,994 | $487,847 |
| 13.7 | 49630 | Empire | 1,390 | — | $621,751 |
| 13.7 | 49686 | Traverse City | 25,492 | $1,945 | $399,620 |
| 14.1 | 49654 | Leland | 691 | — | $1,333,802 |
| 14.6 | 49636 | Glen Arbor | 643 | — | $685,721 |
| 17.0 | 49629 | Elk Rapids | 2,038 | — | $509,684 |
| 18.0 | 49650 | Lake Ann | 3,411 | — | $407,336 |
| 18.9 | 49648 | Kewadin | 2,577 | — | $843,727 |
| 18.9 | 49685 | Traverse City | 21,308 | $1,740 | $433,706 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.