HomeMichiganEmmet CountyPetoskey city
Petoskey city, Michigan: commercial real estate data.
Petoskey city is a Census city of 5,856 people across 5.15 square miles of land, in Emmet County. Median household income is $74,196, 61.1 percent of occupied homes are owned, and the SBA record carries 61 7(a) approvals to borrowers here worth $23.6 m.
80 sourced place values · tier FULL · 9 sections
Petoskey
What Petoskey is
- Census place typecity
- Land area5.15 sq mi
- Water area0.19 sq mi
- Population per square mile of land1,138
- County holding the largest share of its areaEmmet County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Petoskey
How many people live in Petoskey
- Population5,856
- Median age41.0
- Population under 181,083
- Share under 1818.5 percent
- Population 65 and over1,361
- Share 65 and over23.2 percent
- Households2,648
- Family households1,470
- Share of households that are families55.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Petoskey
Income and work in Petoskey
- Median household income$74,196
- Per capita income$54,842 plus or minus $11,122
- Civilian labor force3,148
- Employed3,097
- Unemployed51 plus or minus 48
- Unemployment rate1.6 percent plus or minus 1.5
- Adults 25 and over4,232
- Adults 25 and over with a high school diploma or higher96.8 percent
- Adults 25 and over with a bachelor degree or higher53.4 percent
- Adults 25 and over with a graduate degree25.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Petoskey
Housing in Petoskey
- Housing units3,069
- Occupied units2,648
- Vacant units421 plus or minus 214
- Vacancy rate13.7 percent plus or minus 6.9
- Owner occupied1,619
- Renter occupied1,029
- Ownership rate61.1 percent
- Median owner-occupied home value$364,100
- Median gross rent, monthly$1,006
- Annual rent as a share of median income16.3 percent
- Single family units1,889
- Share single family61.6 percent
- Units in buildings of two or more1,161 plus or minus 257
- Share in buildings of two or more37.8 percent plus or minus 7.9
- Mobile homes19 plus or minus 31
- Median year structure built1970
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Petoskey
How Petoskey gets to work
- Workers 16 and over who commute2,611
- Commuting under 15 minutes1,515
- Share commuting under 15 minutes58.0 percent
- Commuting 30 minutes or more306 plus or minus 132
- Share commuting 30 minutes or more11.7 percent plus or minus 4.9
- Drove alone63.9 percent
- Carpooled11.7 percent plus or minus 5.2
- Public transport0.0 percent
- Walked9.6 percent plus or minus 4.7
- Worked from home13.1 percent plus or minus 3.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Petoskey
SBA 7(a) lending to Petoskey borrowers
- Approvals61
- Gross approval$23,568,600
- Average approval$386,370
- Median approval$120,000
- Ninetieth percentile approval$1,100,000
- Largest approval$2,500,000
- Jobs supported528
- Jobs per approval8.7
- Loans with a final outcome5
- Paid in full5
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more13.1 percent
- Share to franchises3.3 percent
- Distinct lenders13
- Distinct industries by NAICS30
A charge-off rate is not published here. only 5 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Petoskey
SBA 504 lending to Petoskey borrowers
- Approvals8
- Gross approval$4,128,000
- Average approval$516,000
- Median approval$442,000
- Largest approval$1,420,000
- Jobs supported59
- Loans with a final outcome3
- Charged off0
- Median term240 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Petoskey
Flood programme status in Petoskey
- Listed NFIP communities1
- Of those, participating1
- NFIP community number260072
- Currently effective map date06/01/22
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Emmet County, not Petoskey
Emmet County context, not Petoskey figures
These are Emmet County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Petoskey measurements.
- Establishments in Emmet County1,577
- Employment at those establishments, Emmet County16,212
- Covered employment, Emmet County17,742
- Average annual pay, Emmet County$55,435
- Average weekly wage, Emmet County$1,066
- Housing units permitted, Emmet County161
- Of those, single family, Emmet County159
- County product, 2024, Emmet County$2,559,020,000
- County product change over the prior year, Emmet County5.5 percent
- Average income of an arriving household, Emmet County$133,198
Every figure in this section is published for Emmet County as a whole and is not a measurement of Petoskey. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Petoskey questions, answered from the record.
How many people live in Petoskey, Michigan?
5,856, in 2,648 households. Petoskey city covers 5.15 square miles of land, which is 1,138 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Petoskey in?
Emmet County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Petoskey?
$74,196. The median owner-occupied home is valued at $364,100. Median gross rent is $1,006 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Petoskey businesses?
61 7(a) approvals totalling $23.6 m, across 13 lenders, median approval $120,000, plus 8 504 approvals worth $4.1 m. These count approvals to borrowers whose address is in Petoskey, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Petoskey borrowers get paid back?
No rate is published for Petoskey. only 5 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Petoskey in the National Flood Insurance Program?
Yes. Petoskey appears in the FEMA Community Status Book as community 260072, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Petoskey figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Emmet County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Petoskey.
Is zoning published for Petoskey?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.