The median home value in Traverse City, MI is $389,900. This is higher than the county median home value of $223,600. The national median home value is $219,700. The average price of homes sold in Traverse City, MI is $389,900. Approximately 55.59% of Traverse City homes are owned, compared to 32.3% rented, while 12.12% 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 15,550. Traverse City is more family-centric than the surrounding county with 28.43% of the households containing married families with children. The county average for households married with children is 27.94%.
The median household income in Traverse City, Michigan is $53,237. The median household income for the surrounding county is $58,229 compared to the national median of $57,652. The median age of people living in Traverse City is 40.6 years.
The average high temperature in July is 80.4 degrees, with an average low temperature in January of 14.7 degrees. The average rainfall is approximately 33.3 inches per year, with 104.7 inches of snow per year.