If you're dreaming of a life where convenience and charm meet affordability, Traverse City is calling. Forget the car for many errands – with a Walk Score of 84 and a Bike Score of 85, you can easily explore the vibrant downtown, picturesque waterfront, and numerous local shops and restaurants. Imagine strolling along the Boardman Lake Trail, taking in the fresh air, and knowing you're living in a community celebrated for its family-friendly atmosphere. While the median home value here sits at a comfortable $320,000, slightly below the national average, the Affordability Index of 91 shows that your dollar stretches further, allowing you to enjoy a higher quality of life.
From an investment perspective, Traverse City offers a compelling blend of stability and potential. The unemployment rate hovers around a healthy 3.8%, mirroring the national average, providing a robust labor market. While the homeownership rate is a solid 53.0%, the median rent of $1,331 opens doors for those not yet ready to buy. With low violent crime rates (4.8 per 1,000 residents) and property crime rates (18.1 per 1,000 residents), the area is ideal for families, young professionals, and retirees seeking a safe and welcoming environment.
Beyond the practicalities, Traverse City offers an exceptional quality of life. The air quality is exceptionally clean, with an Air Quality Index of just 11, and the noise levels are quiet, offering a peaceful retreat from the hustle and bustle of city life. The electricity rate is a reasonable 9.6¢/kWh. Nestled on the shores of Grand Traverse Bay, you'll have easy access to stunning natural beauty, outdoor recreation, and a thriving arts and culture scene, making Traverse City a truly special place to call home.
Median Home Value
$320,000
Median Income
$51,380
Population
15,678
Walk Score
84
Air Quality
AQI 11
Good
Climate Risk
Relatively Low
- Population
- 15,678
- Median Age
- N/A
- Median Household Income
- $51,380
31% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- N/A
- Median Home Value
- $320,000
14% above nat'l avg
- Median Rent
- $1,331
14% above nat'l avg
- Homeownership Rate
- 53.0%
20% below nat'l avg
- Affordability Index
- 91
9% below nat'l avg
- Violent Crime Rate
- 4.8 per 1K
30% above nat'l avg
- Property Crime Rate
- 18.1 per 1K
3% above nat'l avg
- AQI
- 11
74% below nat'l avg
- Category
- Good
- Overall Risk
- Relatively Low
- Risk Score
- 44.8
Top Hazards
- Overall
- Quiet
- Road Traffic
- 0 dBA
100% below nat'l avg
- Aviation
- 0 dBA
100% below nat'l avg
- Rail
- 0 dBA
100% below nat'l avg
- Electricity Rate
- 9.6¢/kWh
42% below nat'l avg
- Est. Monthly Electric
- $87
36% below nat'l avg
- Unemployment Rate
- 3.8%
3% above nat'l avg
- Poverty Rate
- N/A
Weather & Climate in Traverse City
Avg High
55°F
Avg Low
41°F
Annual Rainfall
34.3"
Avg Humidity
74%
Political Landscape
→ Politically stable
Based on Grand Traverse County county-level presidential election data
Culture & Things to Do in Traverse City
National Cherry Festival
A week-long celebration of cherries with parades, air shows, and family fun.
Traverse City Film Festival
An annual film festival showcasing independent films and attracting filmmakers and movie lovers.
TC Craft Beer Festival
A festival featuring craft beers from local and regional breweries.
Harvest Festival
A fall celebration with seasonal activities, food, and craft vendors.