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Traverse City Micro Area Housing

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As of 2006-2010, median price of a house in Traverse City Area is $218,100, which is much higher than the state average of $123,300 and is higher than the national average of $179,900. The median year that a house in Traverse City Area was built is 1990, which is newer than the median year for a house built in the state which is 1968 and is newer than the median year for a house built in the USA which is 1975.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 1,208 Owner Occupied Houses in Traverse City Area, #122

Traverse City Area	218,100 USD
Michigan	144,200 USD
U.S.	188,400 USD

Median House Price Growth Since 2005-2009, see rank

Traverse City Area	73.92%
Michigan	6.66%
U.S.	50.42%

*The Traverse City Area 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 2006-2010 data. View historical house value data.

Housing Occupancy

	Traverse City Area	%	Michigan	U.S.
Total Housing Units	80,904, see rank	100%	4,532,233	131,704,730
Occupied Housing Units	58,843	72.73%, see rank	85.44%	88.62%
Owner Occupied	46,305	57.23%, see rank	61.63%	57.69%
Renter Occupied	12,538	15.50%, see rank	23.81%	30.93%
Vacant Housing Units	22,061	27.27%, see rank	14.56%	11.38%
For Rent	1,682	2.08%, see rank	3.13%	3.14%
For Sale Only	1,557	1.92%, see rank	1.70%	1.44%
Rented or Sold, Not Occupied	262	0.32%, see rank	0.54%	0.48%
For Seasonal, Recreational, or Occasional Use	16,637	20.56%, see rank	5.80%	3.53%
For Migrant Workers	108	0.13%, see rank	0.04%	0.02%
Other Vacant	1,815	2.24%, see rank	3.34%	2.77%

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

Year Structure Built

Median Built Year, #60

Traverse City Area	Michigan	U.S.
1990	1968	1975

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

*Based on 2006-2010 data. View historical year structure built data.

Mortgage Status

	Traverse City Area	%	Michigan	U.S.
Owner-Occupied Units	1,208	100%	2,852,374	76,089,650
With a Mortgage	972	80.46%, see rank	67.89%	67.94%
Without a Mortgage	236	19.54%, see rank	32.11%	32.06%

*Based on 2006-2010 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Traverse City Area	1,819 USD
Michigan	1,365 USD
U.S.	1,524 USD

Owner Costs Distribution

Monthly Owner Costs	Traverse City Area	%	Michigan	U.S.
$299 or Less	0	0.00%, see rank	0.23%	0.22%
$300 to $499	7	0.72%, see rank	1.88%	1.85%
$500 to $699	9	0.93%, see rank	5.72%	5.39%
$700 to $999	75	7.72%, see rank	17.14%	14.41%
$1,000 to $1,499	159	16.36%, see rank	33.66%	27.08%
$1,500 to $1,999	346	35.60%, see rank	21.51%	19.94%
$2,000 to $2,999	316	32.51%, see rank	14.85%	19.39%
$3,000 or More	60	6.17%, see rank	5.01%	11.73%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Traverse City Area	27.70% of the Total Income
Michigan	24.70% of the Total Income
U.S.	25.00% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Traverse City Area	%	Michigan	U.S.
10% or Less	7	0.72%, see rank	4.34%	4.85%
10% to 20%	302	31.07%, see rank	29.66%	28.90%
20% to 30%	239	24.59%, see rank	29.80%	28.42%
30% to 40%	212	21.81%, see rank	15.01%	15.27%
40% or More	203	20.88%, see rank	20.77%	22.15%

*Based on 2006-2010 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	496 USD
Michigan	448 USD
U.S.	431 USD

Owner Costs Distribution

Monthly Owner Costs	Traverse City Area	%	Michigan	U.S.
$199 or Less	0	0.00%, see rank	5.41%	8.92%
$200 to $299	24	10.17%, see rank	13.58%	16.68%
$300 to $499	97	41.10%, see rank	41.64%	35.65%
$500 to $699	69	29.24%, see rank	24.86%	20.07%
$700 or More	46	19.49%, see rank	14.51%	18.68%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Traverse City Area	10.90% of the Total Income
Michigan	13.80% of the Total Income
U.S.	12.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Traverse City Area	%	Michigan	U.S.
10% or Less	114	48.31%, see rank	33.39%	38.92%
10% to 20%	56	23.73%, see rank	34.51%	31.98%
20% to 30%	48	20.34%, see rank	14.02%	12.67%
30% to 40%	0	0.00%, see rank	6.45%	5.90%
40% or More	18	7.63%, see rank	10.54%	9.51%

*Based on 2006-2010 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Traverse City Area	%	Michigan	U.S.
Total Housing Units	1,358	100%	4,529,680	130,038,080
1-unit, Detached	1,330	97.94%, see rank	71.70%	61.62%
1-unit, Attached	0	0.00%, see rank	4.57%	5.74%
2 Units	10	0.74%, see rank	2.81%	3.88%
3 or 4 Units	18	1.33%, see rank	2.63%	4.47%
5 to 9 Units	0	0.00%, see rank	4.20%	4.84%
10 or More Units	0	0.00%, see rank	8.46%	12.68%
Mobile Home, Boat, RV, Van, etc.	0	0.00%, see rank	5.64%	6.76%

*Based on 2006-2010 data. View historical units in structure data.

Rooms

	Traverse City Area	%	Michigan	U.S.
Total Housing Units	1,358	100%	4,529,680	130,038,080
1 Room	0	0.00%, see rank	0.93%	1.59%
2 Rooms	11	0.81%, see rank	1.84%	2.62%
3 Rooms	12	0.88%, see rank	7.17%	9.02%
4 Rooms	39	2.87%, see rank	14.64%	16.85%
5 Rooms	296	21.80%, see rank	22.03%	20.93%
6 Rooms	248	18.26%, see rank	20.50%	18.56%
7 Rooms	282	20.77%, see rank	13.53%	12.38%
8 Rooms	245	18.04%, see rank	8.94%	8.39%
9 Rooms or More	225	16.57%, see rank	10.42%	9.65%
Median Rooms	6.80, see rank	-	5.70	5.50

*Based on 2006-2010 data. View historical rooms data.

Bedrooms

	Traverse City Area	%	Michigan	U.S.
Total Housing Units	1,358	100%	4,529,680	130,038,080
No Bedroom	0	0.00%, see rank	1.08%	1.84%
1 Bedroom	23	1.69%, see rank	9.15%	11.32%
2 Bedrooms	60	4.42%, see rank	26.74%	27.20%
3 Bedrooms	858	63.18%, see rank	43.97%	39.80%
4 Bedrooms	342	25.18%, see rank	15.71%	15.80%
5 or More Bedrooms	75	5.52%, see rank	3.36%	4.04%

*Based on 2006-2010 data. View historical bedrooms data.

House Heating Fuel

	Traverse City Area	%	Michigan	U.S.
Total Housing Units	1,259	100%	3,843,997	114,235,996
Utility Gas	810	64.34%, see rank	77.97%	49.91%
Bottled, Tank, or LP Gas	266	21.13%, see rank	9.17%	5.38%
Electricity	35	2.78%, see rank	7.04%	34.20%
Fuel Oil, Kerosene, etc.	97	7.70%, see rank	2.05%	7.07%
Coal or Coke	0	0.00%, see rank	0.03%	0.12%
Wood	41	3.26%, see rank	2.75%	1.97%
Solar Energy	0	0.00%, see rank	0.02%	0.03%
Other Fuel	0	0.00%, see rank	0.68%	0.42%
No Fuel Used	10	0.79%, see rank	0.29%	0.90%

*Based on 2006-2010 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Traverse City Area	%	Michigan	U.S.
Occupied Units Paying Rent	28	100%	935,245	35,969,315
$199 or Less	0	0.00%, see rank	3.00%	2.25%
$200 to $299	0	0.00%, see rank	4.03%	3.41%
$300 to $499	0	0.00%, see rank	12.05%	9.80%
$500 to $699	11	39.29%, see rank	27.66%	19.41%
$700 to $999	7	25.00%, see rank	32.90%	29.88%
$1,000 to $1,499	0	0.00%, see rank	15.95%	23.51%
$1,500 to $1,999	10	35.71%, see rank	2.92%	7.56%
$2,000 or More	0	0.00%, see rank	1.49%	4.16%
Median	$943, see rank	-	$723	$841

*Based on 2006-2010 data. View historical gross rent data.

Vehicle Available

	Traverse City Area	%	Michigan	U.S.
Occupied Housing Units	1,259	100%	3,843,997	114,235,996
No Vehicles Available	32	2.54%, see rank	7.17%	8.85%
1 Vehicles Available	194	15.41%, see rank	34.21%	33.28%
2 Vehicles Available	565	44.88%, see rank	39.48%	37.87%
3 or More Vehicles Available	468	37.17%, see rank	19.14%	20.00%

*Based on 2006-2010 data. View historical vehicle available data.