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Grand Traverse County Housing Market

Michigan · 83 counties · Ranked #2637 in home value

Above National Avg

Housing at a Glance

Median Home Value

$296,200

vs national+$296,200 vs $281,900 national

Median Gross Rent

$1,215/mo

vs national+$1,215 vs $1,163 national

Effective Tax Rate

0.98%

vs national0.98% vs 1.02% national

Median Household Income

$79,486

vs national+$79,486 vs $74,755 national

Affordability Ratio

3.7x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

30.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,900

Tax as % of Home Value

0.98%

Monthly Owner Cost

$1,170

Renter Income

$45,926

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Frequently Asked Questions

What is the median home value in Grand Traverse County?

The median home value in Grand Traverse County is $296,200. This is above the national median of $281,900.

How much is rent in Grand Traverse County?

The median gross rent in Grand Traverse County is $1,215 per month.

What is the property tax rate in Grand Traverse County?

The effective property tax rate in Grand Traverse County is 0.98%. The median annual property tax bill is $2,900.

Is Grand Traverse County affordable?

With a home-value-to-income ratio of 3.7x, Grand Traverse County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.