Traverse City, MI Housing Market
Last updated May 2026
As of the latest data, the typical home in Traverse City, MI is valued around $430K, up 1.9% over the past 12 months. The market is home to roughly 155K residents. Looking ahead, Curb Report's 12-month price forecast points to mixed signals, housing crash risk is moderate, rental cap rates run near market median, the overall Investment Score grades average. Below you'll find Traverse City, MI's home prices, price forecast, crash and climate risk, property taxes, cap rate, and rental data, updated monthly from Zillow, the Census Bureau, FEMA, and 30+ sources. Create a free account to explore the full interactive map, or analyze a specific listing with Curb Check.
Median home value
$430K
1-year growth
+1.9%
Population
155K
12-mo forecast
Mixed signalsCrash risk
ModerateCap rate
Near market medianNet migration
+914
Today
Aug 24, 2026 | every business day | US Treasury
10-year Treasury 4.70%, -4 bp. Mortgage pricing tracks this, so it is the piece of a Traverse City, MI purchase that actually moved today.
What today’s rate does to a Traverse City, MI payment →Traverse City, MI housing market FAQ
Is now a good time to buy in Traverse City, MI?
Curb Report's 12-month price forecast for Traverse City, MI currently points to mixed signals, with moderate housing crash risk. Create a free account to see the full forecast, the signals driving it, and historical trends before you buy.
What is the housing crash risk in Traverse City, MI?
Traverse City, MI's housing crash risk is currently moderate, based on price-to-income, inventory, days-on-market, and overvaluation signals. See the full Crash Risk breakdown and what's driving it on Curb Report.
What is the median home price in Traverse City, MI?
The typical home value in Traverse City, MI is about $430K, up 1.9% over the past year. Explore the full price history and 12-month forecast on Curb Report.
Is Traverse City, MI a good place to invest in rental property?
In Traverse City, MI, rental cap rates run near market median and the overall Investment Score grades average. Use the Curb Check tool to paste any Zillow or Redfin listing and get instant cap rate, cash flow, and a risk read for that specific property.
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