Traverse City, MI—49696
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$448,000
2.2% YoY Growth
Household Income
$96,100
N/A
Days on Market
25
44.0% Longer YoY
Home Price Forecast
2.4%
Median Rent
$1,920
4.0% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,860
48.0% YoY Growth
3-Bed Rent
$2,250
27.3% YoY Growth
Home Price Trends — Traverse City, MI
As of May '26, the median home price in Traverse City, MI is $448,000, with a year-over-year change of 2.2%. This indicates that home prices in Traverse City, MI are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $448,000 | 2.2% |
| Single Family | $460,000 | 2.4% |
| Condos | $389,000 | 0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |