House Prices

House Prices & Home Values Petoskey, MI 2026


Average Data

average house price$428,267
average size per house1985 ft²
average price per ft²216 $ / ft²

04/17/2026 - The value range (VR) for house prices in Petoskey, MI is $203/ sqft to $203/ sqft. An average home with 1985 sqft costs approximately $402,955 to $402,955. Petoskey, MI includes 1 ZIP codes and it is located in Emmet county. The lowest prices are found in ZIP 49770, while the highest are in ZIP 49770. The average price per sqare feet is $216. Our analysis is based on 6 property listings.

Avergage prices by ZIP codes Petoskey

49770207 $ / ft²




Historical development of home values in Petoskey

Year Estimated value (USD) Change vs. 2025
2010 $198,895 -53.6%
2011 $191,204 -55.4%
2012 $190,689 -55.5%
2013 $197,816 -53.8%
2014 $207,653 -51.5%
2015 $218,310 -49.0%
2016 $229,703 -46.4%
2017 $242,101 -43.5%
2018 $255,486 -40.3%
2019 $267,332 -37.6%
2020 $281,152 -34.4%
2021 $319,780 -25.3%
2022 $372,792 -13.0%
2023 $393,126 -8.2%
2024 $415,869 -2.9%
2025 $428,267 0.0%

Graph: estimated home values in Petoskey over time (USD)



Example: 100% financing house in Petoskey

Loan amount: $428,267

Interest rate: 6.00%

Fixed monthly payment: $2,567.68

Breakdown in the 1st month:
Interest portion: $2,141.34  –  Principal portion: $426.34

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $25,552.96 $5,259.17 $423,007.83
2 $25,228.58 $5,583.54 $417,424.29
3 $24,884.20 $5,927.92 $411,496.36
4 $24,518.58 $6,293.55 $405,202.82
5 $24,130.41 $6,681.72 $398,521.10
6 $23,718.29 $7,093.83 $391,427.27
7 $23,280.76 $7,531.36 $383,895.91
8 $22,816.24 $7,995.88 $375,900.03
9 $22,323.08 $8,489.05 $367,410.98
10 $21,799.49 $9,012.64 $358,398.34
11 $21,243.61 $9,568.51 $348,829.83
12 $20,653.44 $10,158.68 $338,671.15
13 $20,026.88 $10,785.24 $327,885.90
14 $19,361.67 $11,450.46 $316,435.45
15 $18,655.43 $12,156.69 $304,278.75
16 $17,905.63 $12,906.49 $291,372.26
17 $17,109.59 $13,702.54 $277,669.73
18 $16,264.45 $14,547.68 $263,122.05
19 $15,367.18 $15,444.95 $247,677.10
20 $14,414.57 $16,397.56 $231,279.54
21 $13,403.20 $17,408.92 $213,870.61
22 $12,329.46 $18,482.67 $195,387.95
23 $11,189.49 $19,622.64 $175,765.31
24 $9,979.20 $20,832.92 $154,932.38
25 $8,694.27 $22,117.85 $132,814.54
26 $7,330.09 $23,482.03 $109,332.50
27 $5,881.77 $24,930.35 $84,402.15
28 $4,344.12 $26,468.00 $57,934.15
29 $2,711.64 $28,100.49 $29,833.67
30 $978.46 $29,833.67 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Petoskey, MI


1500 sqft3900 sqft
Ø selling price$392,041$833,977
Ø fast selling$356,400$750,579
Ø high price sale$427,681$917,374

In 2026, houses in Petoskey, MI will be offered at an average price of $216 per square foot. A 1,500 sqft home priced at $392,041 is 23.35% more expensive per square foot than a 3,900 sqft home priced at $833,977. Home prices in Petoskey, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $577,368. Sellers who can wait longer may achieve a higher price of up to $705,672.

FAQ – Home Values in Petoskey

What is the median home value in Petoskey in 2026?

In 2026, the typical home value in Petoskey is about $428,267 for an average home size of 1985 square feet. This corresponds to an average price of roughly $216 per square foot.

What is the average cost per square foot in Petoskey?

In 2026, homes in Petoskey sell for an average of around $216 per square foot, with a typical range between $203 and $203 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Petoskey is about 1985 square feet, with an estimated 2026 value around $428,267.



Locations close to Petoskey, MI

Pickford, MI124 $ / ft²
Pointe Aux Pins, MI301 $ / ft²
Posen, MI149 $ / ft²
Pellston, MI163 $ / ft²
Paradise, MI126 $ / ft²
Ossineke, MI94 $ / ft²
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