Market file · Leelanau County, Michigan

Leland home appraisals

Leland Township

Leland sits between Lake Michigan and Lake Leelanau, and water drives most of the value. The typical Leland home was worth $1,243,994 in September 2026, up 6.8% year over year (Zillow). The township had 2,126 residents in 2020, and 42.7% of its housing units were seasonal.

$1,243,994Typical Leland home value, September 2026 (Zillow Home Value Index)

$900,360Typical Lake Leelanau home value, September 2026 (Zillow Home Value Index)

42.7%Township housing units for seasonal use, 2020 census (Leland Township master plan, 2024)

2,126Leland Township population, 2020 census (Wikipedia)

Above the jumbo line

Zillow's typical home value was $1,243,994 for Leland and $900,360 for Lake Leelanau as of September 30, 2026, up 6.8% and 5.7% year over year. Both run well above the Leelanau County ACS median of $458,400 for 2020 to 2024 and above the 2026 conforming loan limit of $832,750, so jumbo financing is common in sales here.

Lake Michigan and Lake Leelanau are different waters. A sale on one rarely works as a clean comp for the other.

Two shorelines that rarely share comps

Frontage is the main story. The township has about 12 miles of Lake Michigan shore and about 17 miles of Lake Leelanau shoreline, with the north and south lakes joined at the Narrows in Lake Leelanau village. Leland itself sits on the isthmus where the Leland River runs past Fishtown into Lake Michigan. Inland, about 2,400 acres of orchards and 2,200 acres of cropland remain as of 2024. Of 1,770 housing units in 2020, 755 were seasonal. Leland Public Schools had 453 students in 2023 to 2024, and St. Mary's parochial school is in Lake Leelanau.

Areas, lakes and neighborhoods in this file

Leland
Lake Leelanau (hamlet)
Fishtown
The Narrows
North Lake Leelanau
South Lake Leelanau
Lake Michigan shoreline
Nedows Bay
Leland Country Club
North Manitou Island

Landmarks around Leland

Leland Historic DistrictHistoric district that includes Fishtown
Riverside InnNational Register of Historic Places
Leland RiverRiver
Lake LeelanauInland lake
Lake Leelanau Narrows BridgeNational Register of Historic Places

Common questions

Do Leland homes usually need jumbo loans?

Often. Zillow's typical Leland home value was $1,243,994 in September 2026, and Lake Leelanau was $900,360. The 2026 conforming loan limit for Leelanau County is $832,750, so many purchases here exceed it. Sales above that line usually close with jumbo financing, so the appraisal has to support the full price with comparable lake sales.

How are seasonal homes handled in Leland?

They are a large share of the market. The 2020 census counted 755 of the township's 1,770 housing units as seasonal or occasional use, or 42.7%. Seasonal cottages, year round homes and properties used as rentals can draw different buyers, so the appraisal should rely on sales with similar use, water body and frontage.