Home Insurance in Leelanau County, Michigan
With a median home value of $458,400, Leelanau County is 98% higher than the Michigan median.
The typical home in Leelanau County was built around 1988. About 16% of homes were built before 1960, about 20 points below Michigan's 36%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
The housing stock in Leelanau County is 93% single-family homes, 3% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
53% of owner-occupied homes in Leelanau County carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 92% of occupied homes in Leelanau County are owner-occupied. The vacancy rate is 39%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Leelanau County - 52% - are primarily heated with natural gas.
FEMA's National Risk Index lists winter weather (Relatively High), inland flooding (Relatively Low) and hail (Relatively Low) as the leading hazards for Leelanau County.
Leelanau County had 125 active National Flood Insurance Program policies as of September 2026. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
In Michigan, the statewide average premium for a standard HO-3 homeowners policy is $1,110 per year (NAIC, 2023 data).
Key figures
| Median home value | $458,400 |
|---|---|
| Median year built | 1988 |
| Owner-occupied share | 92% |
| Share of owner-occupied homes with a mortgage | 53% |
| Top hazards (FEMA National Risk Index) | Winter Weather (Relatively High), Inland Flooding (Relatively Low), Hail (Relatively Low) |
| Active NFIP flood policies (county) | 125 |
| Home insurance premium | $1,110 - statewide average (NAIC, 2023 data) |
Towns and cities
Sources
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)