Traverse City, MI
Metro area in Michigan · Updated Jan 2026
12-Month Forecast ↑ +3.3%
Median Home Value
$396,318
↑ +1.2%
Year-over-year
Median Rent
$1,922/mo
↑ +8.1%
Year-over-year
Rental Yield
5.8%
Good for investors
5-Year Appreciation
+46.2%
Income Needed to Buy
$98,680
20% down, 30% DTI max
Active Listings
666
For-sale inventory
Price-to-Rent Ratio
17.2
Neutral market
Price Forecast
1 Month
↑ +0.5%
3 Months
↑ +1.3%
12 Months
↑ +3.3%