Grand Traverse County

Real Estate in Traverse City, MI

Ready to move to Traverse City , MI? Click below to learn more about recent housing trends, average home values and other real estate insights .

Real Estate Overview

So you want to move to Traverse City , MI, but aren’t sure if you can afford the housing costs? Here’s what you need to know: The median home price in Traverse City is $185,500, while the median rent for a one bedroom apartment is $808 . The median salary in Traverse City , MI, is $47,284, and depending on how yours compares, it should help you determine which housing option is best for you.

Property Values in Traverse City , MI

  $1,000,000 or More 1.3%
  $50k to $99k 6.9%
  $100k to $149k 19.2%
  $200k to $299k 26.2%
  $300k to $499k 13%
  $500k to $999k 3.7%
  Less than $50k 3.1%

$185500
Median Home Price
in Traverse City , MI

Monthly Rent in Traverse City , MI

Property Tax (with Mortgage) in Traverse City , MI

$1.5k to $2k 19.8%
$1k to $1.5k 40.8%
$2.5k to $3k 6.9%
$2k to $2.5k 8.8%
Property Tax $3k or more 2.9%
$500 to $999 20.8%

$1344
Median Property Tax
in Traverse City , MI

Property Tax (without Mortgage) in Traverse City , MI

$1k or More 3.1%
$250 to $399 22.9%
$400 to $599 50.9%
$600 to $799 12.4%
$800 to $999 7.1%
Less than $250 3.6%
Property Tax Less $0.5k 0%

$185500
Median Propery Value
in Traverse City , MI

$808
Median Rent
in Traverse City , MI