Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Traverse Bay area can be challenging. Home prices in Traverse Bay are now at a median cost of $161,800, lower than the Michigan average of $196,062.
The average cost of rent is $844/mo in Traverse Bay, primarily driven by the current value of real estate in the Traverse Bay area. While nearly 65.65% of residents own their homes outright in Traverse Bay, 1.30% rent.
Housing affordability isn’t just about home prices, though. The average household income in Traverse Bay is $4,960 per month. Households that rent pay about 17.02% of their income on rent here. Traverse Bay's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Lake Linden, MI: less expensive homes
- Hubbell, MI: less expensive homes
- Copper City, MI: less expensive homes
- Senter, MI: equally priced homes
- Osceola, MI: less expensive homes
- Phillipsville, MI: less expensive homes
- Laurium, MI: less expensive homes
- Kearsarge, MI: less expensive homes
- Calumet, MI: less expensive homes
- Ahmeek, MI: less expensive homes
Cities with Similar Populations
- Wattlesburg, NY: less expensive homes
- Coles Creek, PA: equally priced homes
- Collingwood Park, NJ: higher priced homes
- Columbia Heights, LA: less expensive homes
- Columbiaville, NY: equally priced homes
- Comer, IL: higher priced homes
- Concepcion, TX: less expensive homes
- Consul, AL: less expensive homes
- Cooks, MI: equally priced homes
- Cool Springs, KY: less expensive homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood