Traverse City, MI Housing Statistics

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57%

Med. Home Val. NAT. AVG.

4%

Rent NAT. AVG.

4%

Owner Occ. NAT. AVG.

Traverse City Housing Information

Index	Traverse City	Michigan	National
Median home price	$514,141	$235,809	$326,622
Median rent asked	$1,392	$1,222	$1,444
Avg. people per household	2.1	2.5	2.6
Owner occupied households	60.9%	70.8%	63.6%
Renter occupied households	39.1%	29.2%	36.4%

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Homes For Sale In Traverse City, MI

10 Island View Dr

Traverse City, MI

1382 Elk Run

Traverse City, MI

13496 S Solon Rd

Traverse City, MI

8300 E Nicholas Dr

Traverse City, MI

Housing Quick Facts

The median home price in Traverse City is 57% higher than the national average.
The median rent asked in Traverse City is 4% lower than the national average.
The average number of people per household in Traverse City is 20% lower than the national average.
The number of owner occupied households in Traverse City is 4% lower than the national average.
The number of renter occupied households in Traverse City is 7% higher than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Maple City, MI	89	$0	100%
Bendon, MI	171	$197,363	40%
Cedar, MI	98	$208,057	36%
Fife Lake, MI	323	$211,738	35%
Grawn, MI	969	$217,881	33%
Traverse City, MI	16,116	$514,141	57%

Cities with similar population

	Population	Home Price	National Avg.
Wilmington Island, GA	16,119	$478,122	46%
La Grange, IL	16,121	$919,317	181%
Isla Vista, CA	16,124	$0	100%
Azalea Park, FL	16,106	$315,912	3%
Hermitage, PA	16,098	$264,113	19%
Traverse City, MI	16,116	$514,141	57%

Source: The Traverse City, MI housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.