| Traverse City, MI | |
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| State | Michigan |
| Population | 15,570 |
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In comparison to its nearby areas, Traverse City is significantly more expensive, and it's a little more expensive compared to the rest of the country.
The median home in Traverse City costs $266,100. This is about $86,583 (48%) higher compared to its surrounding areas.It is approximately $48,600 (22%) higher in comparison to the rest of the nation.
In Traverse City the median rent is $905 per month. This is roughly $24 (2%) lower compared to its surrounding areas.It is roughly $157 (14%) lower in comparison to the entire country.
Greilickville is Traverse City's neighbor to the northwest. The real estate prices there are pretty similar. The median home in Greilickville is valued at $263,800, which is very similar to Traverse City. The rent there is a lot more expensive. The median rent in Greilickville is $1,419 a month, which comes out to $514 (36%) higher than Traverse City.
Lake Ann is roughly 10 miles west of Traverse City. The housing prices there are a lot less expensive. The cost of the median home in Lake Ann is $180,700, which comes out to $85,400 (47%) lower than Traverse City. Rent there is fairly similar. Lake Ann's median monthly rent is $950, which comes out to $45 (4%) higher than Traverse City.
Kingsley is roughly 11 miles south from Traverse City. The real estate prices there are a lot less expensive. The median home price in Kingsley is $138,300, which works out to $127,800 (92%) lower than Traverse City. Rent there is somewhat less expensive. In Kingsley the median monthly rent is $774, which is $131 (16%) lower than Traverse City.
Elk Rapids is roughly 12 miles northeast of Traverse City. Its housing prices are a bit less expensive. The median home in Elk Rapids is valued at $229,200, which works out to $36,900 (16%) lower than Traverse City. The rent there is somewhat less expensive. In Elk Rapids the median rent is $827 a month, which comes out to $78 (9%) lower than Traverse City.
Maple City is roughly 12 miles northwest of Traverse City. Its housing prices are a lot less expensive. The median home in Maple City costs $126,700, which comes out to $139,400 (110%) lower than Traverse City. Its rents are pretty similar. In Maple City the median monthly rent is $875, which is $30 (3%) lower than Traverse City.
Rapid City is roughly 14 miles east of Traverse City. The real estate prices there are substantially less expensive. Rapid City's median home value is $138,400, which is $127,700 (92%) lower than Traverse City. Its rents are a little less expensive. The median rent in Rapid City is $729 a month, which works out to $176 (24%) lower than Traverse City.