Housing in Grand Traverse County, Michigan

The median home cost in Grand Traverse County is $230,000. Home appreciation the last 10 years has been 41.5%. Home Appreciation in Grand Traverse County is up 7.1%. Browse Grand Traverse County Real Estate

Average Age of Homes

- The median age of Grand Traverse County real estate is 29 years old

The Rental Market in Grand Traverse County

- Renters make up 20.2% of the Grand Traverse County population
- 1.5% of houses and apartments in Grand Traverse County, are available to rent

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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.

HOUSING	Grand Traverse, Michigan	United States
Median Home Age	32	40
Median Home Cost	$230,000	$231,200
Home Appr. Last 12 months	7.1%	6.7%
Home Appr. Last 5 yrs.	34.3%	35.6%
Home Appr. Last 10 yrs.	41.5%	27.4%
Property Tax Rate	$12.83	$11.78
Property Taxes Paid	$2,951	$2,724
Homes Owned	65.1%	56.0%
Housing Vacant	15.1%	12.2%
Homes Rented	19.8%	31.8%
AVERAGE RENT FOR HOME OR APARTMENT
Average Rent	$1,421	$1,470
Studio Apartment	$623	$821
1 Bedroom Home or Apartment	$762	$930
2 Bedroom Home or Apartment	$892	$1,148
3 Bedroom Home or Apartment	$1,201	$1,537
4 Bedroom Home or Apartment	$1,338	$1,791
VACANT HOUSING
Vacant For Rent	1.5%	2.1%
Vacant Rented	0.2%	0.5%
Vacant For Sale	0.8%	1.0%
Vacant Sold	0.6%	0.5%
Vacant Vacation	9.6%	4.0%
Vacant Other	2.3%	4.2%
VALUE OF OWNER-OCCUPIED HOUSING
Less Than $20,000	4.1%	3.5%
$20,000 to $39,999	1.8%	3.1%
$40,000 to $59,999	2.6%	3.9%
$60,000 to $79,999	3.2%	5.4%
$80,000 to $99,999	3.9%	6.3%
$100,000 to $149,999	18.4%	14.7%
$150,000 to $199,999	22.0%	14.6%
$200,000 to $299,999	21.2%	18.7%
$300,000 to $399,999	10.3%	11.0%
$400,000 to $499,999	4.2%	6.2%
$500,000 to $749,999	4.5%	7.0%
$750,000 to $999,999	1.8%	2.7%
$1,000,000 to $1,499,999	1.2%	1.5%
$1,500,000 to $1,999,999	0.3%	0.5%
$2,000,000 and over	0.6%	0.7%