Traverse City, MI Metro Area - Investment Guide
Metro Area • 23 Cities • 28 ZIP Codes
Avg Home Value
$474,991
Avg Monthly Rent
$1,254
Avg Cap Rate
2.35%
Avg Investability
3.0 ★
Cities
23
ZIP Codes
28
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
7.28%
as of Oct 1
Source: Freddie Mac PMMS
⚖️
BALANCED MARKET
Traverse City, MI Metro Area
Even conditions for buyers and sellers
43 days
Average time to sell
Average
8.7%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of September 19, 2026 — updated weekly
Best ZIP codes in Traverse City, MI
Every ZIP in the metro, ranked four ways. Free.
Cities in Traverse City, MI
Alden
Michigan
1 ZIPs
Arcadia
Michigan
1 ZIPs
Benzonia
Michigan
1 ZIPs
Beulah
Michigan
1 ZIPs
Cedar
Michigan
1 ZIPs
Empire
Michigan
2 ZIPs
Fife Lake
Michigan
1 ZIPs
Frankfort
Michigan
1 ZIPs
Grawn
Michigan
1 ZIPs
Honor
Michigan
1 ZIPs
Interlochen
Michigan
1 ZIPs
Kalkaska
Michigan
1 ZIPs
Kingsley
Michigan
1 ZIPs
Lake Ann
Michigan
1 ZIPs
Lake Leelanau
Michigan
1 ZIPs
Mancelona
Michigan
1 ZIPs
Maple City
Michigan
2 ZIPs
Rapid City
Michigan
1 ZIPs
South Boardman
Michigan
1 ZIPs
Suttons Bay
Michigan
1 ZIPs
Thompsonville
Michigan
1 ZIPs
Traverse City
Michigan
4 ZIPs
Williamsburg
Michigan
1 ZIPs
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 49617 | Beulah | MI | $437,850 | $927 | 1.65% | |
| 49659 | Mancelona | MI | $191,180 | $1,017 | 4.15% | |
| 49636 | Empire | MI | $600,784 | $1,341 | 1.74% | |
| 49682 | Suttons Bay | MI | $642,166 | $1,242 | 1.51% | |
| 49646 | Kalkaska | MI | $214,545 | $873 | 3.17% | |
| 49690 | Williamsburg | MI | $473,525 | $1,278 | 2.11% | |
| 49612 | Alden | MI | $395,711 | $927 | 1.83% | |
| 49649 | Kingsley | MI | $353,946 | $1,035 | 2.28% | |
| 49696 | Traverse City | MI | $439,746 | $1,188 | 2.11% | |
| 49621 | Cedar | MI | $532,578 | $1,260 | 1.85% | |
| 49664 | Maple City | MI | $580,412 | $1,449 | 1.95% | |
| 49637 | Grawn | MI | $330,905 | $1,251 | 2.95% | |
| 49683 | Thompsonville | MI | $312,840 | $1,098 | 2.74% | |
| 49640 | Honor | MI | $374,537 | $1,080 | 2.25% | |
| 49684 | Traverse City | MI | $492,687 | $1,877 | 2.97% | |
| 49613 | Arcadia | MI | $382,961 | $981 | 2.00% | |
| 49650 | Lake Ann | MI | $414,887 | $1,422 | 2.67% | |
| 49630 | Empire | MI | $632,164 | $1,251 | 1.54% | |
| 49676 | Rapid City | MI | $370,980 | $999 | 2.10% | |
| 49633 | Fife Lake | MI | $245,382 | $1,134 | 3.60% | |
| 49680 | South Boardman | MI | $202,268 | $1,089 | 4.20% | |
| 49643 | Interlochen | MI | $349,754 | $1,188 | 2.65% | |
| 49685 | Traverse City | MI | $439,910 | $1,783 | 3.16% | |
| 49616 | Benzonia | MI | $304,182 | $927 | 2.38% | |
| 49653 | Lake Leelanau | MI | $870,271 | $1,080 | 0.97% | |
| 49635 | Frankfort | MI | $519,120 | $999 | 1.50% | |
| 49682 | Suttons Bay | MI | $592,278 | $1,242 | 1.64% | |
| 49646 | Kalkaska | MI | $199,576 | $873 | 3.41% | |
| 49686 | Traverse City | MI | $406,395 | $2,020 | 3.88% | |
| 49617 | Beulah | MI | $400,351 | $927 | 1.81% | |
| 49654 | Maple City | MI | $1,344,694 | $1,377 | 0.80% | |
| 49621 | Cedar | MI | $505,653 | $1,260 | 1.94% | |
| 49659 | Mancelona | MI | $208,432 | $1,017 | 3.81% | |
| 49636 | Empire | MI | $667,277 | $1,341 | 1.57% | |
| 49683 | Thompsonville | MI | $297,839 | $1,098 | 2.88% | |
| 49649 | Kingsley | MI | $328,468 | $1,035 | 2.46% | |
| 49690 | Williamsburg | MI | $483,599 | $1,278 | 2.06% | |
| 49612 | Alden | MI | $408,288 | $927 | 1.77% | |
| 49650 | Lake Ann | MI | $383,898 | $1,422 | 2.89% | |
| 49696 | Traverse City | MI | $447,947 | $2,200 | 3.83% | |
| 49630 | Empire | MI | $599,951 | $1,251 | 1.63% | |
| 49664 | Maple City | MI | $637,013 | $1,449 | 1.77% | |
| 49637 | Grawn | MI | $349,059 | $1,251 | 2.80% | |
| 49684 | Traverse City | MI | $466,162 | $1,930 | 3.23% | |
| 49640 | Honor | MI | $427,256 | $1,080 | 1.97% | |
| 49685 | Traverse City | MI | $418,648 | $1,911 | 3.56% | |
| 49613 | Arcadia | MI | $406,262 | $981 | 1.88% | |
| 49653 | Lake Leelanau | MI | $794,318 | $1,080 | 1.06% | |
| 49633 | Fife Lake | MI | $232,030 | $1,134 | 3.81% | |
| 49676 | Rapid City | MI | $397,356 | $999 | 1.96% |
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About Traverse City, MI Real Estate Market
The Traverse City, MI metropolitan statistical area (MSA) encompasses 23 cities and 28 ZIP codes. The average home value across the metro is $474,991, with an average monthly rent of $1,254. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.