Investor-grade market analytics for Traverse City, Michigan. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through July 2026.
$425,177
+2.4% year-over-year
5.3%
gross annual
+2.4%
base case (Zillow ZHVF)
+2.4% year-over-year
18/100
Very LowNet migration: Top 40% nationally
In-migrants avg $84,204 AGI vs out-migrants $60,805
Opportunity Zone Market
3 ZIP codes in Traverse City are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Traverse City, MI shows steady growth at 2.4% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability is moderately stretched with a price-to-income ratio of 5.49x, above the national average of 4.8x. Modest net positive migration (+41 returns/year) provides steady demand support. Climate risk remains low (18/100), favorable for long-term investment stability. Rental yield of 5.35% is moderate, offering acceptable cash flow for leveraged investments.
12-month projection (Zillow ZHVF model)
Traverse City, MI's primary climate exposure is wind storms (31/100). The composite climate risk score of 18/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.