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Affordable
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These days, finding an affordable place to live in the Traverse area can be challenging. Home prices in Traverse are now at a median cost of $305,423, lower than the Minnesota average of $345,793.
The average cost of rent is $1,173/mo in Traverse, primarily driven by the current value of real estate in the Traverse area. In Traverse, 29.04% of households rent, and 34.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Traverse is $6,947 per month. Households that rent pay about 16.88% of their income on rent here. Traverse’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- St. Peter, MN: equally priced homes
- Ottawa, MN: equally priced homes
- Oshawa, MN: higher priced homes
- Kasota, MN: higher priced homes
- Le Sueur, MN: equally priced homes
- Rush River, MN: equally priced homes
- Nicollet, MN: equally priced homes
- Cleveland, MN: equally priced homes
- Marysburg, MN: higher priced homes
- North Mankato, MN: equally priced homes
Cities with Similar Populations
- Wana, WV: less expensive homes
- Center Junction, IA: less expensive homes
- Centerville, MS: less expensive homes
- Chalybeate, PA: less expensive homes
- Champion, AL: less expensive homes
- Walcksville, PA: less expensive homes
- Wallace, NY: less expensive homes
- Walston, PA: less expensive homes
- Waltham, ME: less expensive homes
- Carthage, AR: less expensive homes
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