Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Grand Traverse County area can be challenging. Home prices in Grand Traverse County are now at a median cost of $265,885, higher than the Michigan average of $196,062.
The average cost of rent is $1,032/mo in Grand Traverse County, primarily driven by the current value of real estate in the Grand Traverse County area. While nearly 36.52% of residents own their homes outright in Grand Traverse County, 20.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Grand Traverse County is $6,268 per month. Households that rent pay about 16.46% of their income on rent here. Grand Traverse County's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the county.
Nearby Counties
- Benzie County, MI: less expensive homes
- Kalkaska County, MI: less expensive homes
- Crawford County, MI: less expensive homes
- Oscoda County, MI: less expensive homes
- Alcona County, MI: less expensive homes
- Oconto County, WI: less expensive homes
- Shawano County, WI: less expensive homes
- Clark County, WI: less expensive homes
- Eau Claire County, WI: less expensive homes
- Pierce County, WI: equally priced homes
Counties with Similar Populations
- Sutter County, CA: higher priced homes
- Columbiana County, OH: less expensive homes
- Craven County, NC: less expensive homes
- Cullman County, AL: less expensive homes
- Dallas County, IA: higher priced homes
- Daviess County, KY: less expensive homes
- DeKalb County, IL: less expensive homes
- Victoria County, TX: less expensive homes
- Twin Falls County, ID: less expensive homes
- Tuscarawas County, OH: less expensive homes
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