Most Affordable ZIP Codes in Traverse City, MI (2026)

The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.

# ZIP City Home value Rent Cap rate 5-yr growth
1 49659 Mancelona, MI $207,216 $1,017 3.83% 6.0%
2 49646 Kalkaska, MI $221,166 $873 3.08% 5.2%
3 49680 South Boardman, MI $225,860 $1,089 3.76% 6.0%
4 49633 Fife Lake, MI $251,664 $1,134 3.51% 5.1%
5 49683 Thompsonville, MI $312,840 $1,098 2.74% 6.5%
6 49616 Benzonia, MI $337,873 $927 2.14% 5.6%
7 49637 Grawn, MI $354,004 $1,251 2.76% 6.9%
8 49649 Kingsley, MI $354,537 $1,035 2.28% 5.5%
9 49643 Interlochen, MI $375,130 $1,188 2.47% 6.6%
10 49676 Rapid City, MI $396,509 $999 1.97% 5.5%
11 49686 Traverse City, MI $406,395 $2,020 3.88% 6.1%
12 49650 Lake Ann, MI $413,070 $1,422 2.69% 7.4%
13 49612 Alden, MI $422,632 $927 1.71% 5.1%
14 49640 Honor, MI $428,309 $1,080 1.97% 6.7%
15 49613 Arcadia, MI $430,541 $981 1.78% 6.1%
16 49617 Beulah, MI $438,694 $927 1.65% 7.2%
17 49685 Traverse City, MI $439,910 $1,783 3.16% 6.8%
18 49696 Traverse City, MI $447,947 $2,200 3.83% 6.6%
19 49690 Williamsburg, MI $483,599 $1,278 2.06% 6.6%
20 49684 Traverse City, MI $492,687 $1,877 2.97% 5.6%
21 49635 Frankfort, MI $528,952 $999 1.47% 6.7%
22 49621 Cedar, MI $533,474 $1,260 1.84% 5.7%
23 49664 Maple City, MI $628,963 $1,449 1.80% 6.7%
24 49630 Empire, MI $632,417 $1,251 1.54% 5.9%
25 49682 Suttons Bay, MI $642,166 $1,242 1.51% 4.1%

Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →

Same metro, different strategy

Cash Flow in Traverse City, MI  ·  Appreciation in Traverse City, MI

Or see the full Traverse City, MI metro profile.