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Public Schools of Petoskey

Learn about the people, housing, costs and businesses in Public Schools of Petoskey, Michigan

Median Home$272,040
Median Rent$961/month
Population29,690
Leading IndustriesWholesale Trade · Manufacturing · Education11% wholesale trade
Home Value Growth⬆⬆⬆+24.2% over 2 years
Retirees22% of residentsslightly above average
Homeowners73% of occupied units
Public Schools of Petoskey
MI

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Public Schools of Petoskey?

As of today, the 30-year fixed mortgage rate for Public Schools of Petoskey is approximately 6.928% (6.965% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Public Schools of Petoskey?

The median home value in Public Schools of Petoskey is $272k. The median monthly rent is $961. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Public Schools of Petoskey?

Home values in Public Schools of Petoskey have increased 24.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Public Schools of Petoskey?

Based on a typical all-in ownership cost of $980/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Public Schools of Petoskey is $74k/year.

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What industries drive the economy in Public Schools of Petoskey?

The largest employment sectors in Public Schools of Petoskey are public administration (22%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.