2025 Compare Cities Housing:
Wilmington, NC vs Traverse City, MI

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Highlights
- The median age of a home in Wilmington is 80.0% younger than the median age of a home in Traverse City.
 Wilmington, NCTraverse City, MIUnited States
 Median Home Age35  Unlock42
 Median Home Cost  Unlock$394,900$338,100
 Home Appr. Last 12 months24.7%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock69.9%57.0%
 Home Appr. Last 10 yrs.114.4%  Unlock101.1%
 Property Tax Rate  Unlock$13.2$11.0
 Homes Owned41.5%  Unlock57.4%
 Housing Vacant  Unlock12.8%11.2%
 Homes Rented48.2%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Wilmington, NCTraverse City, MIUnited States
 Average Rent  Unlock$1,320$1,840
 Studio Apartment$850  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$930$1,180
 2 Bedroom Home or Apartment$1,260  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,340$1,860
 4 Bedroom Home or Apartment$2,150  Unlock$2,160
 space1
 Vacant Housing
 Wilmington, NCTraverse City, MIUnited States
 Vacant For Rent  Unlock3.0%1.9%
 Vacant Rented0.6%  Unlock0.4%
 Vacant For Sale  Unlock0.0%0.7%
 Vacant Sold1.5%  Unlock0.4%
 Vacant Vacation  Unlock6.4%3.6%
 Vacant Other2.8%  Unlock4.1%
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 Owner-Occupied Housing Value
 Wilmington, NCTraverse City, MIUnited States
 Less Than $20,000  Unlock0.3%2.6%
 $20,000 to $39,9990.5%  Unlock2.4%
 $40,000 to $59,999  Unlock0.0%2.8%
 $60,000 to $79,9990.6%  Unlock3.9%
 $80,000 to $99,999  Unlock0.0%4.5%
 $100,000 to $149,99910.5%  Unlock11.3%
 $150,000 to $199,999  Unlock11.3%13.0%
 $200,000 to $299,99925.8%  Unlock20.1%
 $300,000 to $399,999  Unlock22.2%13.6%
 $400,000 to $499,9998.2%  Unlock8.3%
 $500,000 to $749,999  Unlock10.8%9.7%
 $750,000 to $999,9994.3%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.9%2.2%
 $1,500,000 to $1,999,9991.1%  Unlock0.8%
 $2,000,000 and over  Unlock0.9%1.1%
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 Housing Units By Year Built
 Wilmington, NCTraverse City, MIUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock7.9%13.6%
 2000 to 200915.0%  Unlock13.6%
 1990 to 1999  Unlock6.2%13.6%
 1980 to 198915.3%  Unlock13.2%
 1970 to 1979  Unlock15.3%14.8%
 1960 to 196917.3%  Unlock13.6%
 1950 to 1959  Unlock12.0%10.0%
 1940 to 19495.5%  Unlock4.7%
 1939 or Earlier  Unlock34.8%12.2%
Reviews for Wilmington    71 Reviews

I was born here and I will update more at a later time. First and most important, teh average cost of a 1br apt in Wilmington is approximately $1,800. Rentals have  More

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I think that a lot has changed since covid for this city and will continue to keep changing with our insane economy. But I was born and raised in Wilmington and have  More

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Scotty · 

Wilmington NC was once a wonderful city filled with Southern charm, history, safety and natural beauty. Recently that has been replaced by erasing everything Southern or  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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