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The median home value in Traverse City, Michigan, is $190,600. Home appreciation is -3.88% over the last 10 years. The median age of Traverse City, Michigan, real estate is 53 years.

Traverse City, Michigan Apartments and Rentals

Renters make up 31.84% of the Traverse City, Michigan, population. 16.27% of houses and apartments in Traverse City, Michigan, are unoccupied (vacancy rate).

  HOUSINGTraverse City, MichiganUnited States
  Median Home Age  5337
  Median Home Cost  $190,600$185,800
  Home Appr. Last 12 months  4.08%3.74%
  Home Appr. Last 5 yrs.  8.91%16.02%
  Home Appr. Last 10 yrs.  -3.88%-0.68%
  Property Tax Rate  $13.50$11.80
  Homes Owned  51.89%56.34%
  Housing Vacant  16.27%12.45%
  Homes Rented  31.84%31.21%
  Studio Apartment  $571$712
  1 Bedroom Home or Apartment  $665$825
  2 Bedroom Home or Apartment  $878$1,027
  3 Bedroom Home or Apartment  $1,199$1,379
  4 Bedroom Home or Apartment  $1,203$1,601
  Vacant For Rent  5.01%2.34%
  Vacant Rented  1.55%0.46%
  Vacant For Sale  0.00%1.20%
  Vacant Sold  1.19%0.46%
  Vacant Vacation  5.10%3.97%
  Vacant Other  3.43%4.02%
  Less Than $20,000  4.35%4.57%
  $20,000 to $39,999  0.22%3.37%
  $40,000 to $59,999  0.52%4.19%
  $60,000 to $79,999  3.82%5.74%
  $80,000 to $99,999  2.63%6.79%
  $100,000 to $149,999  20.76%15.19%
  $150,000 to $199,999  28.92%14.69%
  $200,000 to $299,999  22.89%18.15%
  $300,000 to $399,999  7.42%10.43%
  $400,000 to $499,999  3.85%5.70%
  $500,000 to $749,999  2.66%6.39%
  $750,000 to $999,999  0.45%2.41%
  $1,000,000 or more  1.51%2.39%


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Reviews for Traverse City

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TC is loaded with bible thumping racists, homophob

we moved here knowing how beautiful the landscape is, but the people are rude and judgmental. if you enjoy the gossip and are nosey, you will fit right in. Their... (Read More)



Northern Michigan, Paradise in Season

Northern Michigian is da bomb...I consider it a different place than the lower half of the state. True, jobs are usually scarce and often not well paying, and winter... (Read More)



6 months in Traverse City my opinion is.......AMAZ

Moved here from "downstate" summer of 2013 and here is why... Traverse City is enveloped between woods, rivers, lakes, and a Great Lake! The geographic location of... (Read More)



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