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Traverse City Micro Area Housing

 

As of 2010-2014, median price of a house in Traverse City Area is $164,700, which is higher than the state average of $120,200 and is lower than the national average of $175,700. The median year that a house in Traverse City Area was built is 1982, 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 46,183 Owner Occupied Houses in Traverse City Area, #214
Traverse City Area
164,700 USD
Michigan
120,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2005-2009, see rank
Traverse City Area
-4.91%
Michigan
3.98%
U.S.
46.91%

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

Housing Occupancy

 Traverse City AreaMichiganU.S.
Total Housing Units81,360, see rank, 100%4,532,719132,741,033
Occupied Housing Units58,480, 71.88%, see rank84.45%87.55%
Owner Occupied46,183, 56.76%, see rank60.41%56.34%
Renter Occupied12,297, 15.11%, see rank24.04%31.21%
Vacant Housing Units22,880, 28.12%, see rank15.55%12.45%
For Rent1,474, 1.81%, see rank1.84%2.34%
For Sale Only1,207, 1.48%, see rank1.40%1.20%
Rented or Sold, Not Occupied552, 0.68%, see rank1.04%0.92%
For Seasonal, Recreational, or Occasional Use17,127, 21.05%, see rank6.26%3.97%
For Migrant Workers37, 0.05%, see rank0.05%0.03%
Other Vacant2,483, 3.05%, see rank4.96%4.00%

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

Year Structure Built

Median Built Year, #188
Traverse City AreaMichiganU.S.
198219691976

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%MichiganU.S.
Owner-Occupied Units46,183100%2,738,01274,787,460
With a Mortgage30,15765.30%, see rank63.63%65.58%
Without a Mortgage16,02634.70%, 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
1,235 USD
Michigan
1,295 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsTraverse City Area%MichiganU.S.
$299 or Less720.24%, see rank0.19%0.20%
$300 to $4995641.87%, see rank1.88%1.59%
$500 to $6992,2927.60%, see rank6.65%5.01%
$700 to $9996,06620.11%, see rank19.56%14.32%
$1,000 to $1,49911,14436.95%, see rank34.69%27.90%
$1,500 to $1,9995,08316.86%, see rank20.06%20.35%
$2,000 to $2,9993,57211.84%, see rank12.84%19.52%
$3,000 or More1,3644.52%, see rank4.13%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Traverse City Area
24.10% 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%MichiganU.S.
10% or Less1,5795.24%, see rank5.90%5.86%
10% to 20%9,26830.73%, see rank35.28%31.95%
20% to 30%8,52128.26%, see rank27.51%27.64%
30% to 40%4,16813.82%, see rank12.63%13.74%
40% or More6,41621.28%, 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
449 USD
Michigan
463 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsTraverse City Area%MichiganU.S.
$199 or Less8305.18%, see rank4.74%7.76%
$200 to $2992,30014.35%, see rank12.46%14.70%
$300 to $4996,37939.80%, see rank40.41%34.63%
$500 to $6993,93424.55%, see rank25.95%21.16%
$700 or More2,58316.12%, see rank16.44%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Traverse City Area
13.00% 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%MichiganU.S.
10% or Less6,08137.94%, see rank35.33%40.19%
10% to 20%5,40633.73%, see rank33.76%31.47%
20% to 30%2,01012.54%, see rank13.39%12.24%
30% to 40%9395.86%, see rank6.18%5.64%
40% or More1,4849.26%, 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 AreaMichiganU.S.
Total Housing Units81,360, 100%4,532,719132,741,033
1-unit, Detached63,685, 78.28%, see rank71.97%61.65%
1-unit, Attached2,560, 3.15%, see rank4.66%5.82%
2 Units1,083, 1.33%, see rank2.58%3.75%
3 or 4 Units1,242, 1.53%, see rank2.56%4.43%
5 to 9 Units2,095, 2.57%, see rank4.20%4.78%
10 or More Units3,850, 4.73%, see rank8.58%13.08%
Mobile Home, Boat, RV, Van, etc.6,845, 8.41%, see rank5.45%6.49%

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

Rooms

 Traverse City AreaMichiganU.S.
Total Housing Units81,360, 100%4,532,719132,741,033
1 Room1,609, 1.98%, see rank1.24%1.95%
2 Rooms2,136, 2.63%, see rank1.78%2.48%
3 Rooms6,579, 8.09%, see rank7.14%9.13%
4 Rooms13,756, 16.91%, see rank14.38%16.60%
5 Rooms17,478, 21.48%, see rank21.00%20.41%
6 Rooms14,760, 18.14%, see rank20.07%18.06%
7 Rooms9,602, 11.80%, see rank13.45%12.27%
8 Rooms6,741, 8.29%, see rank9.27%8.48%
9 Rooms or More8,699, 10.69%, see rank11.67%10.60%
Median Rooms5.40, see rank5.705.50

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

Bedrooms

 Traverse City AreaMichiganU.S.
Total Housing Units81,360, 100%4,532,719132,741,033
No Bedroom1,697, 2.09%, see rank1.35%2.17%
1 Bedroom5,672, 6.97%, see rank9.11%11.16%
2 Bedrooms23,131, 28.43%, see rank26.33%26.69%
3 Bedrooms35,638, 43.80%, see rank43.93%39.70%
4 Bedrooms12,092, 14.86%, see rank15.80%16.05%
5 or More Bedrooms3,130, 3.85%, see rank3.47%4.22%

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

House Heating Fuel

 Traverse City AreaMichiganU.S.
Total Housing Units58,480, 100%3,827,880116,211,092
Utility Gas34,179, 58.45%, see rank77.13%48.85%
Bottled, Tank, or LP Gas11,883, 20.32%, see rank8.48%4.86%
Electricity5,042, 8.62%, see rank8.30%36.68%
Fuel Oil, Kerosene, etc.1,447, 2.47%, see rank1.40%5.86%
Coal or Coke18, 0.03%, see rank0.03%0.12%
Wood4,768, 8.15%, see rank3.39%2.12%
Solar Energy8, 0.01%, see rank0.02%0.05%
Other Fuel988, 1.69%, see rank0.86%0.47%
No Fuel Used147, 0.25%, see rank0.39%1.00%

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

Gross Rent

Monthly RentalTraverse City AreaMichiganU.S.
Occupied Units Paying Rent11,477, 100%1,028,83539,201,928
$199 or Less127, 1.11%, see rank1.86%1.50%
$200 to $299543, 4.73%, see rank3.88%3.18%
$300 to $499901, 7.85%, see rank9.32%7.37%
$500 to $6992,026, 17.65%, see rank23.63%16.01%
$700 to $9994,570, 39.82%, see rank35.23%29.17%
$1,000 to $1,4992,650, 23.09%, see rank20.17%26.88%
$1,500 to $1,999417, 3.63%, see rank3.85%9.79%
$2,000 or More243, 2.12%, see rank2.06%6.10%
Median$828, see rank$780$920

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

Vehicle Available

 Traverse City AreaMichiganU.S.
Occupied Housing Units58,480, 100%3,827,880116,211,092
No Vehicles Available2,886, 4.94%, see rank7.97%9.12%
1 Vehicles Available18,804, 32.15%, see rank35.06%33.80%
2 Vehicles Available24,998, 42.75%, see rank38.45%37.48%
3 or More Vehicles Available11,792, 20.16%, see rank18.52%19.61%

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


 
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