housing costs · Minnesota
Housing costs in 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 | $615 | ± $66 | evidence → |
| 2019–2023 | $617 | ± $105 | evidence → |
| 2018–2022 | $589 | ± $40 | evidence → |
| 2017–2021 | $592 | ± $91 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $114,100 | ± $12,238 | evidence → |
| 2019–2023 | $110,100 | ± $8,141 | evidence → |
| 2018–2022 | $109,300 | ± $10,849 | evidence → |
| 2017–2021 | $92,700 | ± $7,986 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 33.3 % | ± 3.5 % | evidence → |
| 2019–2023 | 27.0 % | ± 11.0 % | evidence → |
| 2018–2022 | 24.1 % | ± 7.3 % | evidence → |
| 2017–2021 | 24.9 % | ± 7.0 % | evidence → |
In context
Median rent in Traverse County is $615, below the Minnesota median of $896 across 87 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.