Median home value: $425K (+1.6% YoY). Rent: $1,913/mo. Price-to-rent: 18.5x. Part of Traverse City, MI.

Limited Data

Basic Zillow data only. For stress scores, AI analysis, and trends, Traverse City, MI metro page.

Home Value$424,590

+1.6%

Rent$1,913/mo

AFFORDABILITY

Enter your income for Traverse City.

Income (annual)

Down Payment

$84,918 on $424,590

Out of reach — 43.4% of income

Need $116,357/yr to afford.

PITI$2,715

P/I43.4%

Afford$274K

Gap-$151K

P&I $2,037Tax $545Ins $133

Renting $802/mo cheaper ($1,913 rent)6.00% 30yr, 20% down, county tax + MI ins. 28% per HUD.

TRAVERSE CITY, MI