Market file · Leelanau County, Michigan

Elmwood Township home appraisals

Elmwood Charter Township

Elmwood Township had 4,892 residents in 2020, the most of any Leelanau County township, and it sits right against Traverse City. Zillow put the typical Greilickville home at $502,819 in September 2026. Bay frontage, Cedar Lake and the short drive to town shape prices here.

4,892Township population, 2020 census (Wikipedia)

$502,819Typical Greilickville home value, September 2026 (Zillow Home Value Index)

176Slips at the Greilickville and Elmwood Township Marina (Michigan DNR harbor guide)

$458,400Leelanau County median owner occupied home value, 2020 to 2024 ACS (Census QuickFacts)

Greilickville and the county figure

Zillow put the typical home value in Greilickville, the township's main population center, at $502,819 as of September 30, 2026, up 3.8% year over year. For context, the 2020 to 2024 American Community Survey puts the Leelanau County median owner occupied value at $458,400. The 2026 FHA one unit limit for the county is $541,287, so many Elmwood homes sit near or above it.

Closest Leelanau township to Traverse City. Commute value and bay frontage often get weighed in the same file.

Next door to Traverse City, on the West Arm

Location next to Traverse City matters first. The township borders the city and Garfield Township, M-22 follows the bay, and M-72 runs along the south line. Water is the other big factor: the West Arm of Grand Traverse Bay runs along the east side, Cedar Lake has a public launch off Cherry Bend Road, and the far northwest corner touches Lake Leelanau. About 35% of the township's area is water. Most homes fall in Traverse City Area Public Schools, with a few square miles in the northeast served by Suttons Bay Public Schools. Greilickville skews older, with a 2020 median age of 57.5.

Areas, lakes and neighborhoods in this file

Greilickville
Crystal Spring
Hatchs (Hatch's Crossing)
Heimforth
Cedar Lake
Outback Ridge
Cedar Creek Commons
West Arm of Grand Traverse Bay shoreline
Lake Leelanau (northwest corner)

Landmarks around Elmwood Township

Campbell DeYoung FarmNational Register of Historic Places

Common questions

Which school district serves Elmwood Township homes?

Most of the township is in Traverse City Area Public Schools. Greilickville is zoned to Willow Hill Elementary and Traverse City West Senior High School. A few square miles in the northeast corner are in Suttons Bay Public Schools, so the district should be confirmed for each parcel before comparable sales are chosen.

Does the FHA limit matter in Elmwood Township?

It can. The 2026 FHA one unit limit for Leelanau County is $541,287, and Zillow put the typical Greilickville home at $502,819 in September 2026. A buyer using FHA financing on a home near that range needs an appraisal that supports the contract price, since the loan amount cannot exceed the county limit.