2025 Compare Cities Housing:
Richmond, VA vs Traverse City, MI

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Highlights
- The median age of a home in Richmond is 0.0% younger than the median age of a home in Traverse City.
 Richmond, VATraverse City, MIUnited States
 Median Home Age63  Unlock42
 Median Home Cost  Unlock$394,900$338,100
 Home Appr. Last 12 months15.2%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock69.9%57.0%
 Home Appr. Last 10 yrs.93.9%  Unlock101.1%
 Property Tax Rate  Unlock$13.2$11.0
 Homes Owned38.9%  Unlock57.4%
 Housing Vacant  Unlock12.8%11.2%
 Homes Rented50.8%  Unlock31.4%
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 Avg Rent For Home Or Apartment
 Richmond, VATraverse City, MIUnited States
 Average Rent  Unlock$1,320$1,840
 Studio Apartment$1,140  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$930$1,180
 2 Bedroom Home or Apartment$1,320  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,340$1,860
 4 Bedroom Home or Apartment$2,080  Unlock$2,160
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 Vacant Housing
 Richmond, VATraverse City, MIUnited States
 Vacant For Rent  Unlock3.0%1.9%
 Vacant Rented1.3%  Unlock0.4%
 Vacant For Sale  Unlock0.0%0.7%
 Vacant Sold0.6%  Unlock0.4%
 Vacant Vacation  Unlock6.4%3.6%
 Vacant Other4.6%  Unlock4.1%
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 Owner-Occupied Housing Value
 Richmond, VATraverse City, MIUnited States
 Less Than $20,000  Unlock0.3%2.6%
 $20,000 to $39,9990.4%  Unlock2.4%
 $40,000 to $59,999  Unlock0.0%2.8%
 $60,000 to $79,9992.9%  Unlock3.9%
 $80,000 to $99,999  Unlock0.0%4.5%
 $100,000 to $149,99911.4%  Unlock11.3%
 $150,000 to $199,999  Unlock11.3%13.0%
 $200,000 to $299,99921.0%  Unlock20.1%
 $300,000 to $399,999  Unlock22.2%13.6%
 $400,000 to $499,9998.6%  Unlock8.3%
 $500,000 to $749,999  Unlock10.8%9.7%
 $750,000 to $999,9993.9%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.9%2.2%
 $1,500,000 to $1,999,9990.7%  Unlock0.8%
 $2,000,000 and over  Unlock0.9%1.1%
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 Housing Units By Year Built
 Richmond, VATraverse City, MIUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock7.9%13.6%
 2000 to 20095.3%  Unlock13.6%
 1990 to 1999  Unlock6.2%13.6%
 1980 to 19897.1%  Unlock13.2%
 1970 to 1979  Unlock15.3%14.8%
 1960 to 19695.8%  Unlock13.6%
 1950 to 1959  Unlock12.0%10.0%
 1940 to 19499.1%  Unlock4.7%
 1939 or Earlier  Unlock34.8%12.2%
Reviews for Richmond    109 Reviews

Over 3 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

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Over 4 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

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Over 4 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  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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