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The median home value in Traverse City, Michigan, is $165,800. Home appreciation is 0.10% over the last year. The median age of Traverse City, Michigan, real estate is 53 years.

Traverse City, Michigan Apartments and Rentals

Renters make up 32.83% of the Traverse City, Michigan, population. 14.95% of houses and apartments in Traverse City, Michigan, are unoccupied (vacancy rate).

  HOUSINGTraverse City, MichiganUnited States
  Median Home Age  5337
  Median Home Cost  $165,800$170,100
  Home Appr. Last 12 months  0.10%4.90%
  Home Appr. Last 5 yrs.  -10.10%-4.60%
  Home Appr. Last 10 yrs.  -7.40%12.70%
  Property Tax Rate  $13.56$12.07
  Homes Owned  52.22%57.34%
  Housing Vacant  14.95%12.47%
  Homes Rented  32.83%30.19%
  Studio Apartment  $584$661
  1 Bedroom Home or Apartment  $614$765
  2 Bedroom Home or Apartment  $815$957
  3 Bedroom Home or Apartment  $1,092$1,289
  4 Bedroom Home or Apartment  $1,096$1,490
  Vacant For Rent  4.93%2.50%
  Vacant Rented  0.71%0.46%
  Vacant For Sale  0.82%1.38%
  Vacant Sold  0.91%0.46%
  Vacant Vacation  4.70%3.81%
  Vacant Other  2.89%3.87%
  Less Than $20,000  3.38%3.30%
  $20,000 to $39,999  0.26%3.44%
  $40,000 to $59,999  0.80%4.18%
  $60,000 to $79,999  2.87%5.80%
  $80,000 to $99,999  4.51%7.08%
  $100,000 to $149,999  22.43%15.77%
  $150,000 to $199,999  24.71%15.03%
  $200,000 to $299,999  23.46%18.50%
  $300,000 to $399,999  10.00%10.39%
  $400,000 to $499,999  3.69%5.66%
  $500,000 to $749,999  3.00%6.39%
  $750,000 to $999,999  0.28%2.28%
  $1,000,000 or more  0.62%2.18%
  2010 and newer  0.17%0.29%
  2000 to 2009  9.28%14.18%
  1990 to 1999  4.51%13.96%
  1980 to 1989  11.30%13.99%
  1970 to 1979  14.74%16.09%
  1960 to 1969  4.51%13.96%
  1950 to 1959  10.53%11.05%
  1940 to 1949  7.00%5.59%
  1939 or Earlier  34.00%13.68%


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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)
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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)
re: 6 months in Traverse City my opinion is.......
Not sure how non-local "minorities" would negatively effect a budding city. Truly an ignorant perspective. There are plenty of run down trailer trash in that area, and... (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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