2025 Compare Cities Housing:
Petoskey, MI vs Traverse City, MI

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Highlights
- The median age of a home in Petoskey is 28.6% younger than the median age of a home in Traverse City.
 Petoskey, MITraverse City, MIUnited States
 Median Home Age49  Unlock42
 Median Home Cost  Unlock$394,900$338,100
 Home Appr. Last 12 months21.4%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock69.9%57.0%
 Home Appr. Last 10 yrs.98.7%  Unlock101.1%
 Property Tax Rate  Unlock$13.2$11.0
 Homes Owned46.7%  Unlock57.4%
 Housing Vacant  Unlock12.8%11.2%
 Homes Rented32.1%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Petoskey, MITraverse City, MIUnited States
 Average Rent  Unlock$1,320$1,840
 Studio Apartment$660  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$930$1,180
 2 Bedroom Home or Apartment$990  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,340$1,860
 4 Bedroom Home or Apartment$1,410  Unlock$2,160
 space1
 Vacant Housing
 Petoskey, MITraverse City, MIUnited States
 Vacant For Rent  Unlock3.0%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock0.0%0.7%
 Vacant Sold0.0%  Unlock0.4%
 Vacant Vacation  Unlock6.4%3.6%
 Vacant Other0.5%  Unlock4.1%
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 Owner-Occupied Housing Value
 Petoskey, MITraverse City, MIUnited States
 Less Than $20,000  Unlock0.3%2.6%
 $20,000 to $39,9990.0%  Unlock2.4%
 $40,000 to $59,999  Unlock0.0%2.8%
 $60,000 to $79,9991.4%  Unlock3.9%
 $80,000 to $99,999  Unlock0.0%4.5%
 $100,000 to $149,99922.1%  Unlock11.3%
 $150,000 to $199,999  Unlock11.3%13.0%
 $200,000 to $299,99928.3%  Unlock20.1%
 $300,000 to $399,999  Unlock22.2%13.6%
 $400,000 to $499,9992.4%  Unlock8.3%
 $500,000 to $749,999  Unlock10.8%9.7%
 $750,000 to $999,9992.2%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.9%2.2%
 $1,500,000 to $1,999,9991.3%  Unlock0.8%
 $2,000,000 and over  Unlock0.9%1.1%
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 Housing Units By Year Built
 Petoskey, MITraverse City, MIUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock7.9%13.6%
 2000 to 20096.1%  Unlock13.6%
 1990 to 1999  Unlock6.2%13.6%
 1980 to 198910.8%  Unlock13.2%
 1970 to 1979  Unlock15.3%14.8%
 1960 to 196915.6%  Unlock13.6%
 1950 to 1959  Unlock12.0%10.0%
 1940 to 19498.8%  Unlock4.7%
 1939 or Earlier  Unlock34.8%12.2%
Reviews for Petoskey    15 Reviews

The people in Petoskey are generally pleasant, friendly, and courteous .... even the teenagers in our experience. Petoskey is certainly a physically attractive area in  More

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Petoskey, between Harbor Springs and Charlevoix, is in a trio of small northern Lower Michigan towns that exceeds the charm and sophistication of typical small towns.   More

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Over 6 years ago

My husband and I have lived in Petoskey for 8 years. We have lived in Arizona, Utah, Colorado, Virginia and Ohio and by far, Petoskey is our favorite place to live. We  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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