Zip 49686 (Traverse City, MI) Housing

The housing market in Traverse City, MI (zip code 49686) is currently thriving. The median value of a home in the area is $356,200, which is higher than the US median home value of $338,100. Furthermore, over the past year the appreciation rate of homes in Traverse City has been 15.49%, compared to an 8.27% increase nationally. This indicates that now is a good time to invest in the local housing market as values are expected to keep increasing.

The median home cost in Traverse City (zip 49686) is $356,200. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Traverse City (zip 49686) is up 19.8%.

Average Age of Homes

- The median age of Traverse City (zip 49686) real estate is 35 years old

The Rental Market in Traverse City (zip 49686)

- Renters make up 22.3% of the Traverse City (zip 49686) population
- 2.7% of houses and apartments in Traverse City (zip 49686), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Traverse City, Michigan	United States
	12,856.0	139,647,020.0
	39	42
	$356,200	$338,100
	19.8%	16.6%
	69.9%	57.0%
	122.2%	101.1%
	$12.79	$10.98
	$3,131	$2,690
	62.2%	57.4%
	13.9%	11.2%
	23.9%	31.4%
Vacant Housing
	2.7%	1.9%
	0.0%	0.4%
	0.4%	0.7%
	0.2%	0.4%
	7.6%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	3.2%	2.4%
	4.2%	2.8%
	1.2%	3.9%
	0.8%	4.5%
	11.9%	11.3%
	14.8%	13.0%
	23.7%	20.1%
	13.8%	13.6%
	8.1%	8.3%
	10.1%	9.7%
	3.0%	3.9%
	2.1%	2.2%
	0.2%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.0%	13.6%
	13.0%	13.6%
	15.5%	13.6%
	15.5%	13.2%
	18.2%	14.8%
	15.5%	13.6%
	9.8%	10.0%
	2.6%	4.7%
	10.5%	12.2%