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Petoskey, MI Housing

 
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As of 2006-2010, median price of a house in Petoskey is $186,600, which is higher than the state average of $123,300 and is about the same as the national average of $179,900. The Petoskey median house value has grown by 54.60% since 2000. The growth rate for the price of a house in Petoskey is much higher than the state average rate of 6.66% and is higher than the national average rate of 50.42%. The median year that a house in Petoskey was built is 1966, which is older than the median year for a house built in the state which is 1968 and is older than the median year for a house built in the USA which is 1975.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 1,414 Owner Occupied Houses in Petoskey, MI, #81
Petoskey, MI
186,600 USD
Michigan
144,200 USD
U.S.
188,400 USD
Median House Price Growth Since 2000, #56
Petoskey, MI
54.60%
Michigan
6.66%
U.S.
50.42%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2006-2010 data. View historical house value data.

Housing Occupancy

 Petoskey, MI%MichiganU.S.
Total Housing Units3,359, see rank100%4,532,233131,704,730
Occupied Housing Units2,53875.56%, see rank85.44%88.62%
Owner Occupied1,34139.92%, see rank61.63%57.69%
Renter Occupied1,19735.64%, see rank23.81%30.93%
Vacant Housing Units82124.44%, see rank14.56%11.38%
For Rent1133.36%, see rank3.13%3.14%
For Sale Only1002.98%, see rank1.70%1.44%
Rented or Sold, Not Occupied270.80%, see rank0.54%0.48%
For Seasonal, Recreational, or Occasional Use49914.86%, see rank5.80%3.53%
For Migrant Workers00.00%, see rank0.04%0.02%
Other Vacant822.44%, see rank3.34%2.77%

*Based on 2010 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #244
Petoskey, MIMichiganU.S.
196619681975

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2006-2010 data. View historical year structure built data.

Mortgage Status

 Petoskey, MI%MichiganU.S.
Owner-Occupied Units1,414100%2,852,37476,089,650
With a Mortgage93866.34%, see rank67.89%67.94%
Without a Mortgage47633.66%, see rank32.11%32.06%

*Based on 2006-2010 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Petoskey, MI
1,465 USD
Michigan
1,365 USD
U.S.
1,524 USD

Owner Costs Distribution
Monthly Owner CostsPetoskey, MI%MichiganU.S.
$299 or Less00.00%, see rank0.23%0.22%
$300 to $499242.56%, see rank1.88%1.85%
$500 to $699121.28%, see rank5.72%5.39%
$700 to $99918619.83%, see rank17.14%14.41%
$1,000 to $1,49926828.57%, see rank33.66%27.08%
$1,500 to $1,99917318.44%, see rank21.51%19.94%
$2,000 to $2,99914215.14%, see rank14.85%19.39%
$3,000 or More13314.18%, see rank5.01%11.73%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Petoskey, MI
28.70% of the Total Income
Michigan
24.70% of the Total Income
U.S.
25.00% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Petoskey, MI%MichiganU.S.
10% or Less373.94%, see rank4.34%4.85%
10% to 20%19420.68%, see rank29.66%28.90%
20% to 30%26628.36%, see rank29.80%28.42%
30% to 40%17818.98%, see rank15.01%15.27%
40% or More26328.04%, see rank20.77%22.15%

*Based on 2006-2010 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Petoskey, MI
534 USD
Michigan
448 USD
U.S.
431 USD

Owner Costs Distribution
Monthly Owner CostsPetoskey, MI%MichiganU.S.
$199 or Less91.89%, see rank5.41%8.92%
$200 to $2995611.76%, see rank13.58%16.68%
$300 to $49915231.93%, see rank41.64%35.65%
$500 to $6999119.12%, see rank24.86%20.07%
$700 or More16835.29%, see rank14.51%18.68%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Petoskey, MI
14.60% of the Total Income
Michigan
13.80% of the Total Income
U.S.
12.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Petoskey, MI%MichiganU.S.
10% or Less16033.61%, see rank33.39%38.92%
10% to 20%18639.08%, see rank34.51%31.98%
20% to 30%5411.34%, see rank14.02%12.67%
30% to 40%112.31%, see rank6.45%5.90%
40% or More459.45%, see rank10.54%9.51%

*Based on 2006-2010 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Petoskey, MI%MichiganU.S.
Total Housing Units3,627100%4,529,680130,038,080
1-unit, Detached1,69646.76%, see rank71.70%61.62%
1-unit, Attached1263.47%, see rank4.57%5.74%
2 Units41311.39%, see rank2.81%3.88%
3 or 4 Units3248.93%, see rank2.63%4.47%
5 to 9 Units45812.63%, see rank4.20%4.84%
10 or More Units61016.82%, see rank8.46%12.68%
Mobile Home, Boat, RV, Van, etc.00.00%, see rank5.64%6.76%

*Based on 2006-2010 data. View historical units in structure data.

Rooms

 Petoskey, MI%MichiganU.S.
Total Housing Units3,627100%4,529,680130,038,080
1 Room952.62%, see rank0.93%1.59%
2 Rooms1403.86%, see rank1.84%2.62%
3 Rooms53514.75%, see rank7.17%9.02%
4 Rooms80022.06%, see rank14.64%16.85%
5 Rooms50113.81%, see rank22.03%20.93%
6 Rooms56915.69%, see rank20.50%18.56%
7 Rooms2797.69%, see rank13.53%12.38%
8 Rooms2496.87%, see rank8.94%8.39%
9 Rooms or More45912.66%, see rank10.42%9.65%
Median Rooms5.00, see rank-5.705.50

*Based on 2006-2010 data. View historical rooms data.

Bedrooms

 Petoskey, MI%MichiganU.S.
Total Housing Units3,627100%4,529,680130,038,080
No Bedroom1163.20%, see rank1.08%1.84%
1 Bedroom72019.85%, see rank9.15%11.32%
2 Bedrooms1,19833.03%, see rank26.74%27.20%
3 Bedrooms98627.19%, see rank43.97%39.80%
4 Bedrooms50513.92%, see rank15.71%15.80%
5 or More Bedrooms1022.81%, see rank3.36%4.04%

*Based on 2006-2010 data. View historical bedrooms data.

House Heating Fuel

 Petoskey, MI%MichiganU.S.
Total Housing Units2,648100%3,843,997114,235,996
Utility Gas2,20683.31%, see rank77.97%49.91%
Bottled, Tank, or LP Gas150.57%, see rank9.17%5.38%
Electricity36213.67%, see rank7.04%34.20%
Fuel Oil, Kerosene, etc.110.42%, see rank2.05%7.07%
Coal or Coke00.00%, see rank0.03%0.12%
Wood331.25%, see rank2.75%1.97%
Solar Energy00.00%, see rank0.02%0.03%
Other Fuel110.42%, see rank0.68%0.42%
No Fuel Used100.38%, see rank0.29%0.90%

*Based on 2006-2010 data. View historical house heating fuel data.

Gross Rent

Monthly RentalPetoskey, MI%MichiganU.S.
Occupied Units Paying Rent1,205100%935,24535,969,315
$199 or Less705.81%, see rank3.00%2.25%
$200 to $299594.90%, see rank4.03%3.41%
$300 to $49932226.72%, see rank12.05%9.80%
$500 to $69927522.82%, see rank27.66%19.41%
$700 to $99933027.39%, see rank32.90%29.88%
$1,000 to $1,49913911.54%, see rank15.95%23.51%
$1,500 to $1,999100.83%, see rank2.92%7.56%
$2,000 or More00.00%, see rank1.49%4.16%
Median$589, see rank-$723$841

*Based on 2006-2010 data. View historical gross rent data.

Vehicle Available

 Petoskey, MI%MichiganU.S.
Occupied Housing Units2,648100%3,843,997114,235,996
No Vehicles Available41515.67%, see rank7.17%8.85%
1 Vehicles Available1,06240.11%, see rank34.21%33.28%
2 Vehicles Available87332.97%, see rank39.48%37.87%
3 or More Vehicles Available29811.25%, see rank19.14%20.00%

*Based on 2006-2010 data. View historical vehicle available data.


 
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