Traverse City, Grand Traverse County, MI Housing Trends, Rent, Price-to-Rent

Market Summary

Traverse City, Grand Traverse County, MI

Median Home Price Price

$419,933 $419.9K

Median Monthly Rent Rent

$1,661 $1.7K

GRM

21.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Traverse City, MI is $1,661, with MoM change +$13 and YoY change +$94 pointing to positive momentum while volatility is low (std $22).

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Metric

Base market Traverse City, MI

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Delta vs base

Median rent

$1,661

N/A

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Median price

$419,933

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YoY change

+$94

N/A

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Price-to-rent

21.1x

Data unavailable

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