housing costs · Michigan
Housing costs in Grand Traverse County
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $1,288 | ± $65 | evidence → |
| 2019–2023 | $1,215 | ± $68 | evidence → |
| 2018–2022 | $1,147 | ± $54 | evidence → |
| 2017–2021 | $1,049 | ± $46 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $339,400 | ± $8,651 | evidence → |
| 2019–2023 | $296,200 | ± $7,860 | evidence → |
| 2018–2022 | $273,300 | ± $7,237 | evidence → |
| 2017–2021 | $237,200 | ± $6,445 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 30.1 % | ± 1.7 % | evidence → |
| 2019–2023 | 30.5 % | ± 2.2 % | evidence → |
| 2018–2022 | 31.5 % | ± 2.2 % | evidence → |
| 2017–2021 | 32.4 % | ± 2.2 % | evidence → |
In context
Median rent in Grand Traverse County is $1,288, above the Michigan median of $884 across 83 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.