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market report · 49686
Traverse City, MI · 49686
64 active listings$405,000 median ask$2,420 est. rent0.6% price/rent
$405,000
Median list price
$2,420/mo
Estimated rent
0.6%
Price / rent ratio
64
Listings
FHFA home price index · 2016–2025
116.1% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.37
Median rent / sqft
56 comps
$256.32
Median sold / sqft
56 comps
—
Walkability
3.9%
Area unemployment
BLS LAUS
Median household income $71,609 · median home value $344,700 · ACS 2024.
Natural-hazard risk Relatively Moderate (FEMA NRI score 68).
6 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
2798 Frank St, Traverse City, MI 49686
Traverse City, MI
$29,995$1,719/mo5.7%
1560 Pauls Pl, Traverse City, MI 49686
Traverse City, MI
$38,000$2,028/mo5.3%
2427 Leisure Ln, Traverse City, MI 49686
Traverse City, MI
$55,000$2,023/mo3.7%
2346 Treelane Dr, Traverse City, MI 49686
Traverse City, MI
$79,995$2,150/mo2.7%
2179 Leisure Ln, Traverse City, MI 49686
Traverse City, MI
$90,000$2,347/mo2.6%
2257 Friendship Dr, Traverse City, MI 49686
Traverse City, MI
$98,995$2,247/mo2.3%