Petoskey
Petoskey city, Michigan
Petoskey, Michigan, is a true gem, offering a lifestyle that feels worlds away from the hustle and bustle, yet remains surprisingly accessible. Imagine waking up to fresh air and stunning views, all while enjoying a cost of living that's significantly lower than the national average. With a median home value of around $256,400, you can find a charming home without breaking the bank. The town has a population of just under 6,000, cultivating a close-knit community feel. It's a place where you can stroll along the waterfront, explore unique boutiques, and savor delicious local cuisine.
From an investment perspective, Petoskey presents a compelling opportunity. While the median household income hovers around $69,784, slightly below the national average, the affordability of real estate makes this a sound location. The local economy is stable, supported by tourism and a diverse range of industries. The area is known for its exceptionally low crime rates, making it an ideal choice for families and those seeking a safe and peaceful environment. Whether you're considering a vacation home, a retirement retreat, or a year-round residence, Petoskey offers a unique blend of natural beauty, affordability, and a welcoming community that's hard to resist.
Petoskey, Michigan at a Glance
Petoskey is a city in Petoskey city, Michigan with a population of approximately 5,859. The median home value is $256,400 and the median household income is $69,784.. The violent crime rate is 2.6 per 1,000 residents, which is 28% below the national average.. Median rent is $894 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$256,400
Median Income
$69,784
Population
5,859
Walk Score
N/A
Air Quality
N/A
Climate Risk
N/A
Excellent
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- Population
- 5,859
- Median Age
- N/A
- Median Household Income
- $69,784
6% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 7.9%
36% below nat'l avg
- Median Home Value
- $256,400
9% below nat'l avg
- Median Rent
- $894
23% below nat'l avg
- Homeownership Rate
- 56.8%
14% below nat'l avg
- Affordability Index
- N/A
- Violent Crime Rate
- 2.6 per 1K
28% below nat'l avg
- Property Crime Rate
- 1.5 per 1K
92% below nat'l avg
- AQI
- N/A
- Category
- N/A
- Overall Risk
- N/A
- Risk Score
- N/A
- Overall
- N/A
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- N/A
- Est. Monthly Electric
- N/A
- Unemployment Rate
- 1.2%
68% below nat'l avg
- Poverty Rate
- 7.9%
36% below nat'l avg
Political Landscape
→ Politically stable
Based on Gratiot County county-level presidential election data
Culture & Things to Do in Petoskey
Petoskey Stone Festival
Celebrates the local Petoskey stone with demonstrations and sales.
Festival on the Bay
A summer festival with music, art, and food vendors.
Petoskey Winter Carnival
A winter festival with various activities and events.
Bay View Summer Concert Series
A series of outdoor concerts held throughout the summer.
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