The median home value in Traverse City, MI is $457,843. This is higher than the county median home value of $343,200. The national median home value is $338,100. The average price of homes sold in Traverse City, MI is $457,843. Approximately 52.94% of Traverse City homes are owned, compared to 34.24% rented, while 12.83% are vacant. Traverse City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Traverse City real estate agent to arrange a tour today!
Traverse City, Michigan has a population of 15,263. Traverse City is less family-centric than the surrounding county with 25.98% of the households containing married families with children. The county average for households married with children is 26.67%.
The median household income in Traverse City, Michigan is $64,033. The median household income for the surrounding county is $69,393 compared to the national median of $69,021. The median age of people living in Traverse City is 40.4 years.
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 15.6 degrees. The average rainfall is approximately 32.6 inches per year, with 117.6 inches of snow per year.