HousingHandbookReference data

U.S. ZIP Code · MI49682

Leelanau County · Traverse City, MI

Typical home value

$613,457[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-2.6%
5-year / yr
+5.4%
10-year / yr
+6.8%

Relative price

vs U.S.
+116.0%
vs metro
+42.6%
vs state
+156.6%
ZIP 49682 location in MI
Location of ZIP 49682 in MI

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 49682 is worth $613,457 — 42.6% above the Traverse City, MI median. Over the past year, values have fallen 2.6%. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.7%[3]
Typical annual tax
$4,421[3]

#Climate risk

FEMA National Risk Index ratings for Leelanau County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Very Low
Wildfire
Very Low
Drought
No Rating
Heat wave
Very Low
Hurricane
Very Low
Tornado
Very Low
Earthquake
Very Low
Winter weather
Relatively High

#Who lives here

Population
4,699[3]
Median household income
$97,813[3]

#Migration

Household moves in and out of Leelanau County over a year, from IRS tax-return data.

Net migration
+19[5]
Moved in
762
Moved out
743

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
3
Elementary
1
Middle
0
High
1
  • Suttons Bay Elementary Middle School

    Elementary · Grades PK–8 · Suttons Bay Public Schools

    225 students

  • Suttons Bay Virtual School

    Other · Grades K–12 · Suttons Bay Public Schools

    183 students

  • Suttons Bay Senior High School

    High · Grades 9–12 · Suttons Bay Public Schools

    143 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$3,102
Loan principal$490,766
Down payment$122,691
Total interest paid$625,945

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$3,981
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
7th percentile[1]
Rental yield
[2]
Property tax
27th percentile[3]

Frequently asked

How much is a home worth in ZIP code 49682?
The typical home in 49682 is worth $613,457, based on the Zillow Home Value Index.
Are home values rising in 49682?
Home values in 49682 are down 2.6% over the past year, and up 5.4% a year over five years.
What is the property tax rate in 49682?
The effective property tax rate in 49682 is 0.7% — roughly $4,421 a year on a typical home.
Who lives in 49682?
ZIP code 49682 has a population of 4,699 and a median household income of $97,813.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Maple City CDP, MI

    Typical home
    $610,764
    Gross yield
  • Empire, MI

    Typical home
    $616,791
    Gross yield
  • Glen Arbor CDP, MI

    Typical home
    $654,458
    Gross yield
  • Greilickville CDP, MI

    Typical home
    $515,917
    Gross yield
  • Frankfort, MI

    Typical home
    $509,548
    Gross yield
  • Greilickville CDP, MI

    Typical home
    $480,005
    Gross yield
    5.0%

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