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:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
⚖️
BALANCED MARKET
Traverse City, MI Metro Area
Even conditions for buyers and sellers
50 days
Average time to sell
Average
9.4%
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 August 29, 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 |
|---|---|---|---|---|---|---|
| 49635 | Frankfort | MI | $528,952 | $999 | 1.47% | |
| 49682 | Suttons Bay | MI | $632,280 | $1,242 | 1.53% | |
| 49646 | Kalkaska | MI | $205,572 | $873 | 3.31% | |
| 49690 | Williamsburg | MI | $454,559 | $1,278 | 2.19% | |
| 49617 | Beulah | MI | $409,121 | $927 | 1.77% | |
| 49659 | Mancelona | MI | $192,338 | $1,017 | 4.12% | |
| 49621 | Cedar | MI | $498,671 | $1,260 | 1.97% | |
| 49664 | Maple City | MI | $581,507 | $1,449 | 1.94% | |
| 49636 | Empire | MI | $688,782 | $1,341 | 1.52% | |
| 49683 | Thompsonville | MI | $315,555 | $1,098 | 2.71% | |
| 49649 | Kingsley | MI | $345,421 | $1,035 | 2.34% | |
| 49696 | Traverse City | MI | $428,341 | $1,188 | 2.16% | |
| 49612 | Alden | MI | $427,352 | $927 | 1.69% | |
| 49650 | Lake Ann | MI | $406,850 | $1,422 | 2.73% | |
| 49630 | Empire | MI | $591,481 | $1,251 | 1.65% | |
| 49676 | Rapid City | MI | $381,677 | $999 | 2.04% | |
| 49637 | Grawn | MI | $354,004 | $1,251 | 2.76% | |
| 49684 | Traverse City | MI | $489,938 | $1,996 | 3.18% | |
| 49640 | Honor | MI | $428,309 | $1,080 | 1.97% | |
| 49685 | Traverse City | MI | $436,385 | $1,843 | 3.29% | |
| 49613 | Arcadia | MI | $427,327 | $981 | 1.79% | |
| 49653 | Lake Leelanau | MI | $826,797 | $1,080 | 1.02% | |
| 49633 | Fife Lake | MI | $228,482 | $1,134 | 3.87% | |
| 49680 | South Boardman | MI | $208,745 | $1,089 | 4.07% | |
| 49635 | Frankfort | MI | $492,034 | $999 | 1.58% | |
| 49682 | Suttons Bay | MI | $615,439 | $1,242 | 1.57% | |
| 49643 | Interlochen | MI | $375,130 | $1,188 | 2.47% | |
| 49686 | Traverse City | MI | $403,080 | $1,924 | 3.72% | |
| 49616 | Benzonia | MI | $343,567 | $927 | 2.10% | |
| 49654 | Maple City | MI | $1,257,963 | $1,377 | 0.85% | |
| 49617 | Beulah | MI | $442,875 | $927 | 1.63% | |
| 49659 | Mancelona | MI | $199,741 | $1,017 | 3.97% | |
| 49636 | Empire | MI | $608,480 | $1,341 | 1.72% | |
| 49683 | Thompsonville | MI | $283,436 | $1,098 | 3.02% | |
| 49646 | Kalkaska | MI | $221,166 | $873 | 3.08% | |
| 49690 | Williamsburg | MI | $480,197 | $1,278 | 2.08% | |
| 49649 | Kingsley | MI | $354,537 | $1,035 | 2.28% | |
| 49696 | Traverse City | MI | $441,849 | $1,188 | 2.10% | |
| 49621 | Cedar | MI | $538,198 | $1,260 | 1.83% | |
| 49664 | Maple City | MI | $610,764 | $1,449 | 1.85% | |
| 49637 | Grawn | MI | $333,847 | $1,251 | 2.92% | |
| 49684 | Traverse City | MI | $474,826 | $2,102 | 3.45% | |
| 49612 | Alden | MI | $395,711 | $927 | 1.83% | |
| 49613 | Arcadia | MI | $382,961 | $981 | 2.00% | |
| 49650 | Lake Ann | MI | $413,070 | $1,422 | 2.69% | |
| 49630 | Empire | MI | $637,162 | $1,251 | 1.53% | |
| 49676 | Rapid City | MI | $387,783 | $999 | 2.01% | |
| 49640 | Honor | MI | $388,791 | $1,080 | 2.17% | |
| 49685 | Traverse City | MI | $418,600 | $1,911 | 3.56% | |
| 49643 | Interlochen | MI | $353,704 | $1,188 | 2.62% |
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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.