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Traverse County Housing Market

Minnesota · 87 counties · Ranked #430 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$110,100

vs national$110,100 vs $281,900 national

Median Gross Rent

$617/mo

vs national$617 vs $1,163 national

Effective Tax Rate

0.97%

vs national0.97% vs 1.02% national

Median Household Income

$65,931

vs national$65,931 vs $74,755 national

Affordability Ratio

1.7x

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

Rent Burden

27.0%

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

More Housing Data

Property Tax (Median)

$1,070

Tax as % of Home Value

0.97%

Monthly Owner Cost

$751

Renter Income

$37,875

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Traverse County?

The median home value in Traverse County is $110,100. This is below the national median of $281,900.

How much is rent in Traverse County?

The median gross rent in Traverse County is $617 per month.

What is the property tax rate in Traverse County?

The effective property tax rate in Traverse County is 0.97%. The median annual property tax bill is $1,070.

Is Traverse County affordable?

With a home-value-to-income ratio of 1.7x, Traverse County is considered 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.