Investor-grade market analytics for Traverse City, Michigan. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$396,318
+1.2% year-over-year
5.8%
gross annual
-6.1%
base case (Zillow ZHVF)
-6.1% year-over-year
Traverse City, MI is in a stabilization phase with 1.2% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability is moderately stretched with a price-to-income ratio of 5.11x, above the national average of 4.8x. Modest net positive migration (+256 returns/year) provides steady demand support. Climate risk remains low (18/100), favorable for long-term investment stability. Rental yield of 5.82% 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.