2025 Compare Cities Housing:
Chicago, IL vs Traverse City, MI

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Highlights
- The median age of a home in Chicago is 10.0% older than the median age of a home in Traverse City.
 Chicago, ILTraverse City, MIUnited States
 Median Home Age70  Unlock42
 Median Home Cost  Unlock$394,900$338,100
 Home Appr. Last 12 months10.1%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock69.9%57.0%
 Home Appr. Last 10 yrs.66.0%  Unlock101.1%
 Property Tax Rate  Unlock$13.2$11.0
 Homes Owned40.5%  Unlock57.4%
 Housing Vacant  Unlock12.8%11.2%
 Homes Rented48.3%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Chicago, ILTraverse City, MIUnited States
 Average Rent  Unlock$1,320$1,840
 Studio Apartment$1,190  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$930$1,180
 2 Bedroom Home or Apartment$1,480  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,340$1,860
 4 Bedroom Home or Apartment$2,230  Unlock$2,160
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 Vacant Housing
 Chicago, ILTraverse City, MIUnited States
 Vacant For Rent  Unlock3.0%1.9%
 Vacant Rented0.4%  Unlock0.4%
 Vacant For Sale  Unlock0.0%0.7%
 Vacant Sold0.3%  Unlock0.4%
 Vacant Vacation  Unlock6.4%3.6%
 Vacant Other5.9%  Unlock4.1%
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 Owner-Occupied Housing Value
 Chicago, ILTraverse City, MIUnited States
 Less Than $20,000  Unlock0.3%2.6%
 $20,000 to $39,9990.9%  Unlock2.4%
 $40,000 to $59,999  Unlock0.0%2.8%
 $60,000 to $79,9991.8%  Unlock3.9%
 $80,000 to $99,999  Unlock0.0%4.5%
 $100,000 to $149,9998.8%  Unlock11.3%
 $150,000 to $199,999  Unlock11.3%13.0%
 $200,000 to $299,99924.5%  Unlock20.1%
 $300,000 to $399,999  Unlock22.2%13.6%
 $400,000 to $499,9999.6%  Unlock8.3%
 $500,000 to $749,999  Unlock10.8%9.7%
 $750,000 to $999,9994.0%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.9%2.2%
 $1,500,000 to $1,999,9990.9%  Unlock0.8%
 $2,000,000 and over  Unlock0.9%1.1%
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 Housing Units By Year Built
 Chicago, ILTraverse City, MIUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock7.9%13.6%
 2000 to 20098.0%  Unlock13.6%
 1990 to 1999  Unlock6.2%13.6%
 1980 to 19894.8%  Unlock13.2%
 1970 to 1979  Unlock15.3%14.8%
 1960 to 19695.1%  Unlock13.6%
 1950 to 1959  Unlock12.0%10.0%
 1940 to 19498.8%  Unlock4.7%
 1939 or Earlier  Unlock34.8%12.2%
Reviews for Chicago    270 Reviews

I've lived in Chicago city and later moved to suburbs when family size increased. Absolutely love this city. This is the cleanest and most beautiful among the major  More

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Chicago is probably the best value in a major city that you can find and my personal favorite city. It will become increasingly important as climate change makes the  More

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I've live on north side and south side, UIC medical center. Don't move here go to the north side. No good amenities, if you get bored with one there is no other choices.  More

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Reviews for Traverse City    28 Reviews

Beautiful, clean, surrounded by some of the most beautiful and unpolluted nature in the nation, interesting residents from all over the world, an open-minded liberal  More

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Teri · 

Sorry I moved here homes overpriced, local people are rude. Too many rambo type personalities, pickup trucks and illiteracy Fun for about a week. Restaurants are  More

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Left in '78. Should have left sooner. If you are a snob and think you're better than any one else then maybe you can get a job teaching here. Hated it as a kid and come  More

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