Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Petoskey city, Michigan?
City · Census ACS 5-Year estimates
The median gross rent in Petoskey city, Michigan is $1,006/month (±$85), based on Census ACS 5-Year estimates (2024). The median home value is $364,100 (±$26,616), and the median household income is $74,196/year. The unemployment rate in Emmet County, Michigan was 6.9% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Petoskey city, Michigan
| Metric | Value |
|---|---|
| Median Gross Rent | $1,006 |
| Median Home Value | $364,100 |
| Median Household Income | $74,196 |
| Total Housing Units | 2,648 |
| Renter-Occupied Units | 1,029 |
| Renter-Occupied Share | 39% |
| Households Paying 50%+ Income | 144 households |
| Unemployment Rate(April 2026) | 6.9% |
How does Petoskey city, Michigan compare?
Median gross rent ranked against all cities in Michigan.
Higher rent than 64% of cities in Michigan · 213th of 595
| # | City | Value |
|---|---|---|
| 1 | Bingham Farms village | $3,501 |
| 1 | Bloomfield Hills city | $3,501 |
| 3 | Huntington Woods city | $2,493 |
| … 209 more … | ||
| 213 | Petoskey city(you are here) | $1,006 |
| … 379 more … | ||
| 593 | Hermansville CDP | $334 |
| 594 | McBain city | $298 |
| 595 | Rapid River CDP | $99 |
More data for Petoskey city, Michigan
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Frequently asked questions
What is the average rent in Petoskey city, Michigan?
The median gross rent in Petoskey city, Michigan is $1,006/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Petoskey city, Michigan?
The median rent for a 2-bedroom in Petoskey city, Michigan is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Petoskey city, Michigan?
The median home value in Petoskey city, Michigan is $364,100 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Petoskey city are rent-burdened?
In Petoskey city, Michigan, 144 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Petoskey city, Michigan?
The median household income in Petoskey city, Michigan is $74,196/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,006 has a margin of error of ±$85. In very small areas, MOEs can be large relative to the estimate.
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