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Housing in Traverse City, Michigan

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HousingTraverse City, MIUnited States
Median Home Age49.335.1
Median Home Cost$172,800$153,800
Home Appreciation1.54%1.62%
Homes Owned52.79%57.69%
Housing Vacant9.28%11.38%
Homes Rented37.93%30.93%
Property Tax Rate$10.63$11.20
OWNER-OCCUPIED HOUSING UNITS BY VALUE
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Less Than $20,0000.32%2.72%
$20,000 to $39,9990.90%4.03%
$40,000 to $59,9993.51%5.58%
$60,000 to $79,99910.91%7.09%
$80,000 to $99,99917.77%8.80%
$100,000 to $149,99936.27%21.26%
$150,000 to $199,99915.48%14.87%
$200,000 to $299,9999.79%16.82%
$300,000 to $399,9992.80%7.83%
$400,000 to $499,9990.83%4.04%
$500,000 to $749,9991.17%4.05%
$750,000 to $999,9990.24%1.26%
$1,000,000 or more0.00%1.64%
HOUSING UNITS BY YEAR STRUCTURE BUILT
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1999 to 20058.69%13.71%
1995 to 19989.45%14.31%
1990 to 19949.45%14.31%
1980 to 19899.45%13.87%
1970 to 197915.38%16.17%
1960 to 19697.97%11.70%
1950 to 195910.31%11.08%
1940 to 19496.45%6.02%
1939 or Earlier32.30%13.15%


The median home value in Traverse City, MI, is $172,800. Home appreciation is 1.54% over the last year. The median age of Traverse City, MI, real estate is 49 years.

Traverse City, MI Apartments and Rentals

Renters make up 37.93% of the Traverse City, MI, population. 9.28% of houses and apartments in Traverse City, MI, are unoccupied (vacancy rate).


Traverse City Housing SperlingViews

Housing for low income families: Hello I've lived in Traverse city, MI for all my life and one thing I have noticed is T.C. seems to be lagging behind a bit in the low income housing developments area.... (read more)Big Disappointment: We travel extensively in MI - it has always been one of our favorite places to spend a summer. In the past, TC has been one of our favorite cities. We just were there... (read more)Our lakes and trails: We have the best lakes and trails to enjoy. Hiking, swimming, fishing, and boating are all available to... (read more)Have an opinion about Traverse City? Leave a commentTo See All SperlingViews for Traverse City Click Here