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Traverse City Area Public Schools Housing

 
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As of 2010-2014, median price of a house in Traverse City Area Public Schools is $173,000, which is higher than the state average of $120,200 and is about the same as the national average of $175,700. The median year that a house in Traverse City Area Public Schools was built is 1983, which is newer than the median year for a house built in the state which is 1969 and is newer than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 24,708 Owner Occupied Houses in Traverse City Area Public Schools, #58
Traverse City Area Public Schools
173,000 USD
Michigan
120,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2005-2009, see rank
Traverse City Area Public Schools
-5.57%
Michigan
3.98%
U.S.
46.91%

*The Traverse City Area Public Schools median house price growth rate is since 2005-2009. The Michigan and U.S population growth rate is since 2000.
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Traverse City Area Public SchoolsMichiganU.S.
Total Housing Units39,371, see rank, 100%4,532,719132,741,033
Occupied Housing Units32,936, 83.66%, see rank84.45%87.55%
Owner Occupied24,708, 62.76%, see rank60.41%56.34%
Renter Occupied8,228, 20.90%, see rank24.04%31.21%
Vacant Housing Units6,435, 16.34%, see rank15.55%12.45%
For Rent898, 2.28%, see rank1.84%2.34%
For Sale Only481, 1.22%, see rank1.40%1.20%
Rented or Sold, Not Occupied278, 0.71%, see rank1.04%0.92%
For Seasonal, Recreational, or Occasional Use3,649, 9.27%, see rank6.26%3.97%
For Migrant Workers0, 0.00%, see rank0.05%0.03%
Other Vacant1,129, 2.87%, see rank4.96%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #58
Traverse City Area Public SchoolsMichiganU.S.
198319691976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Traverse City Area Public Schools%MichiganU.S.
Owner-Occupied Units24,708100%2,738,01274,787,460
With a Mortgage16,78667.94%, see rank63.63%65.58%
Without a Mortgage7,92232.06%, see rank36.37%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Traverse City Area Public Schools
1,258 USD
Michigan
1,295 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsTraverse City Area Public Schools%MichiganU.S.
$299 or Less300.18%, see rank0.19%0.20%
$300 to $4991941.16%, see rank1.88%1.59%
$500 to $6991,2037.17%, see rank6.65%5.01%
$700 to $9992,97417.72%, see rank19.56%14.32%
$1,000 to $1,4996,49338.68%, see rank34.69%27.90%
$1,500 to $1,9992,91217.35%, see rank20.06%20.35%
$2,000 to $2,9992,09512.48%, see rank12.84%19.52%
$3,000 or More8855.27%, see rank4.13%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Traverse City Area Public Schools
23.30% of the Total Income
Michigan
22.60% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Traverse City Area Public Schools%MichiganU.S.
10% or Less9575.70%, see rank5.90%5.86%
10% to 20%5,36031.93%, see rank35.28%31.95%
20% to 30%4,85828.94%, see rank27.51%27.64%
30% to 40%2,29913.70%, see rank12.63%13.74%
40% or More3,21619.16%, see rank18.20%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Traverse City Area Public Schools
476 USD
Michigan
463 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsTraverse City Area Public Schools%MichiganU.S.
$199 or Less3404.29%, see rank4.74%7.76%
$200 to $29988911.22%, see rank12.46%14.70%
$300 to $4993,10439.18%, see rank40.41%34.63%
$500 to $6992,32229.31%, see rank25.95%21.16%
$700 or More1,26715.99%, see rank16.44%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Traverse City Area Public Schools
13.20% of the Total Income
Michigan
13.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Traverse City Area Public Schools%MichiganU.S.
10% or Less3,00337.91%, see rank35.33%40.19%
10% to 20%2,64333.36%, see rank33.76%31.47%
20% to 30%1,03013.00%, see rank13.39%12.24%
30% to 40%4836.10%, see rank6.18%5.64%
40% or More7189.06%, see rank9.99%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Traverse City Area Public SchoolsMichiganU.S.
Total Housing Units39,371, 100%4,532,719132,741,033
1-unit, Detached28,358, 72.03%, see rank71.97%61.65%
1-unit, Attached1,884, 4.79%, see rank4.66%5.82%
2 Units709, 1.80%, see rank2.58%3.75%
3 or 4 Units904, 2.30%, see rank2.56%4.43%
5 to 9 Units1,555, 3.95%, see rank4.20%4.78%
10 or More Units3,245, 8.24%, see rank8.58%13.08%
Mobile Home, Boat, RV, Van, etc.2,716, 6.90%, see rank5.45%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Traverse City Area Public SchoolsMichiganU.S.
Total Housing Units39,371, 100%4,532,719132,741,033
1 Room602, 1.53%, see rank1.24%1.95%
2 Rooms765, 1.94%, see rank1.78%2.48%
3 Rooms3,189, 8.10%, see rank7.14%9.13%
4 Rooms6,092, 15.47%, see rank14.38%16.60%
5 Rooms7,902, 20.07%, see rank21.00%20.41%
6 Rooms7,179, 18.23%, see rank20.07%18.06%
7 Rooms4,967, 12.62%, see rank13.45%12.27%
8 Rooms3,733, 9.48%, see rank9.27%8.48%
9 Rooms or More4,942, 12.55%, see rank11.67%10.60%
Median Rooms5.70, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Traverse City Area Public SchoolsMichiganU.S.
Total Housing Units39,371, 100%4,532,719132,741,033
No Bedroom652, 1.66%, see rank1.35%2.17%
1 Bedroom2,795, 7.10%, see rank9.11%11.16%
2 Bedrooms10,919, 27.73%, see rank26.33%26.69%
3 Bedrooms17,003, 43.19%, see rank43.93%39.70%
4 Bedrooms6,286, 15.97%, see rank15.80%16.05%
5 or More Bedrooms1,716, 4.36%, see rank3.47%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Traverse City Area Public SchoolsMichiganU.S.
Total Housing Units32,936, 100%3,827,880116,211,092
Utility Gas25,242, 76.64%, see rank77.13%48.85%
Bottled, Tank, or LP Gas2,637, 8.01%, see rank8.48%4.86%
Electricity3,250, 9.87%, see rank8.30%36.68%
Fuel Oil, Kerosene, etc.422, 1.28%, see rank1.40%5.86%
Coal or Coke18, 0.05%, see rank0.03%0.12%
Wood849, 2.58%, see rank3.39%2.12%
Solar Energy3, 0.01%, see rank0.02%0.05%
Other Fuel453, 1.38%, see rank0.86%0.47%
No Fuel Used62, 0.19%, see rank0.39%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalTraverse City Area Public SchoolsMichiganU.S.
Occupied Units Paying Rent7,816, 100%1,028,83539,201,928
$199 or Less84, 1.07%, see rank1.86%1.50%
$200 to $299348, 4.45%, see rank3.88%3.18%
$300 to $499401, 5.13%, see rank9.32%7.37%
$500 to $6991,257, 16.08%, see rank23.63%16.01%
$700 to $9993,159, 40.42%, see rank35.23%29.17%
$1,000 to $1,4992,011, 25.73%, see rank20.17%26.88%
$1,500 to $1,999375, 4.80%, see rank3.85%9.79%
$2,000 or More181, 2.32%, see rank2.06%6.10%
Median$857, see rank$780$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Traverse City Area Public SchoolsMichiganU.S.
Occupied Housing Units32,936, 100%3,827,880116,211,092
No Vehicles Available1,779, 5.40%, see rank7.97%9.12%
1 Vehicles Available11,359, 34.49%, see rank35.06%33.80%
2 Vehicles Available13,965, 42.40%, see rank38.45%37.48%
3 or More Vehicles Available5,833, 17.71%, see rank18.52%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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