Checked
Petoskey, MI Home Values and Rents
The typical home value in Petoskey is $466,592, 38th highest of 442 cities and towns in Michigan. Median rent is $1,006 a month.
- Typical home value
- $466,592
- 38th of 442 in MI
- Median rent
- $1,006/mo
- ACS 2020-2024
- Price change, 1 year
- +6.0%
- Sep 2026
- Homeownership
- 61.1%
- MI: 73.2%
Typical home value in Petoskey
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Petoskey |
|---|---|
| Sep 2026 | $466,592 |
| Dec 2025 | $458,478 |
| Dec 2024 | $448,431 |
| Dec 2023 | $443,553 |
| Dec 2022 | $443,753 |
| Dec 2021 | $421,886 |
| Dec 2020 | $341,439 |
| Dec 2019 | $310,657 |
| Dec 2018 | $292,224 |
| Dec 2017 | $276,828 |
| Dec 2016 | $274,807 |
| Dec 2015 | $251,349 |
| Dec 2014 | $239,024 |
| Dec 2013 | $233,509 |
| Dec 2012 | $216,522 |
Over five years, Petoskey prices changed +13.3%.
Source: Zillow Research · Last updated 09/01/2026
Share:
Fair Market Rents, FY2027
HUD rent standard for Emmet County, MI
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $1,015 | +17.6% |
| 1 bedroom | $1,021 | +8.5% |
| 2 bedrooms | $1,336 | +8.2% |
| 3 bedrooms | $1,592 | +7.5% |
| 4 bedrooms | $1,756 | +7.4% |
Frequently asked questions
- What is the typical home value in Petoskey, MI?
- The typical home value in Petoskey is $466,592 (Zillow Home Value Index, Sep 2026). The Michigan median is $231,600.
- How much is rent in Petoskey?
- The median rent in Petoskey is $1,006 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,336.
- Are home prices going up in Petoskey?
- The typical home value in Petoskey changed +6.0% over one year and +13.3% over five years, as of Sep 2026.
- How does Petoskey compare with the rest of Michigan?
- Petoskey has the 38th highest median home value of 442 cities and towns with 1,000+ residents in Michigan.