49653 — Lake Leelanau, MI Home Values
Typical home value $870,271 as of June 2026 · 3rd of 30 in Traverse City, MI
Blue: typical home value (Zillow ZHVI) in ZIP code 49653, June 2021 to June 2026. This page shows observed data only; no forecast.
How 49653 compares in the Traverse City, MI area
ZIP code 49653 (Lake Leelanau, MI) has a typical home value of $870,271 as of June 2026, ranking 3rd of 30 ZIP codes tracked in the Traverse City, MI area, more expensive than about 93% of ZIP codes in the metro. Prices here have moved +3.1% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +31.6%, from $661,295 in June 2021 to $870,271 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Traverse City, MI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Traverse City.
Population and demographics
ZIP code 49653 has a population of 1,813, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 95.2% White, 2.1% two or more races, 1.5% Hispanic or Latino, and 1.2% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Leelanau Montessori Public School Academy | 7401 E DUCK LAKE RD, LAKE LEELANAU, MI | 1.3 mi |
| Suttons Bay Senior High School | 500 S ELM ST, SUTTONS BAY, MI | 3.3 mi |
| Suttons Bay Virtual School | 310 S ELM ST, SUTTONS BAY, MI | 3.4 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 49653?
$870,271 as of June 2026, the latest month Zillow has published observed data for.
Is 49653 an expensive ZIP code in the Traverse City, MI area?
49653 ranks 3rd of 30 ZIP codes in the Traverse City, MI area by typical home value, more expensive than about 93% of ZIP codes in the metro.
How much have home values in 49653 changed over the past year?
+3.1% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 49653?
1,813, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 49653?
Leelanau Montessori Public School Academy (1.3 mi), Suttons Bay Senior High School (3.3 mi), Suttons Bay Virtual School (3.4 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 49653?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Traverse City, MI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.