Home prices
The value of the median home in Petoskey is $177,000. In comparison to other places in this area it is about $30,280 (20%) higher.It is roughly $40,500 (18%) lower in comparison to the rest of the country, and it is approximately $84,500 (91%) higher compared to the city of Sault Ste. Marie.
Rents
Petoskey's median rent is $714 per month. This is roughly $80 (10%) lower compared to its nearby areas.In comparison to the rest of the country it is approximately $348 (32%) lower, and it is roughly $16 (2%) higher compared to the city of Sault Ste. Marie.
Nearby places
Harbor Springs
Harbor Springs is about 4 miles north of Petoskey. Real estate prices there are somewhat more expensive. The median home price in Harbor Springs is $244,800, which comes out to $67,800 (27%) higher than Petoskey. Its rents are a little more expensive. Harbor Springs's median rent is $877 per month, which comes out to $163 (18%) higher than Petoskey.
Walloon Lake
Walloon Lake is approximately 6 miles south of Petoskey. Its real estate prices are a bit less expensive. The median home value in Walloon Lake is $166,700, which is $10,300 (6%) lower than Petoskey. The rent there is a bit more expensive. Walloon Lake's median rent is $1,000 per month, which is $286 (28%) higher than Petoskey.
Oden
Oden is approximately 7 miles northeast from Petoskey. The housing prices there are a lot less expensive. The median home price in Oden is $71,700, which works out to $105,300 (146%) lower than Petoskey. Its rents are somewhat less expensive. In Oden the median monthly rent is $599, which comes out to $115 (19%) lower than Petoskey.
Boyne City
Boyne City is roughly 9 miles south of Petoskey. Housing prices there are a little less expensive. The median home in Boyne City is valued at $147,500, which works out to $29,500 (19%) lower than Petoskey. The rent there is similar. The median monthly rent in Boyne City is $737, which works out to $23 (3%) higher than Petoskey.
Alanson
Alanson is roughly 9 miles northeast from Petoskey. Its housing prices are significantly less expensive. The median home in Alanson costs $102,900, which comes out to $74,100 (72%) lower than Petoskey. Rent there is a bit more expensive. In Alanson the median monthly rent is $757, which is $43 (5%) higher than Petoskey.
