Little Traverse, MI is an attractive location to buy a house due to its strong housing market. The median value of houses in this town is $352,300, which is substantially higher than the US average of $338,100. Furthermore, the 1 year appreciation rate for homes in Little Traverse has been strong at 16.52%, significantly higher than the national average of 8.27%. This indicates that home values have been increasing rapidly in recent years and could continue to do so, making it a great time to buy a house in Little Traverse.
The median home cost in Little Traverse is $352,300. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Little Traverse is up 21.4%.
Average Age of Homes
- The median age of Little Traverse real estate is 38 years old
The Rental Market in Little Traverse
- Renters make up 10.5% of the Little Traverse population
- 0.3% of houses and apartments in Little Traverse, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.