The housing market in Traverse City, MI (49684) is thriving. The median value of homes in the area is $406,900, which is significantly higher than the US median value of $338,100. This demonstrates that homes in this area are highly sought after. Furthermore, over the last year there has been a 15.49% home appreciation rate in Traverse City specifically – almost double the nationwide rate of 8.27%. This suggests that not only is Traverse City a desirable location for potential homeowners, but it is also an excellent investment opportunity as well.
The median home cost in Traverse City (zip 49684) is $406,900. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Traverse City (zip 49684) is up 19.8%.
Average Age of Homes
- The median age of Traverse City (zip 49684) real estate is 31 years old
The Rental Market in Traverse City (zip 49684)
- Renters make up 22.2% of the Traverse City (zip 49684) population
- 1.9% of houses and apartments in Traverse City (zip 49684), 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.