Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Grand Traverse County, Michigan?
County · Census ACS 5-Year estimates
The median gross rent in Grand Traverse County, Michigan is $1,288/month (±$65), based on Census ACS 5-Year estimates (2024). The median home value is $339,400 (±$8,651), and the median household income is $81,647/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in Grand Traverse County, Michigan and Neighbouring Counties
Housing Metrics for Grand Traverse County, Michigan
| Metric | Value |
|---|---|
| Median Gross Rent | $1,288 |
| Median Home Value | $339,400 |
| Median Household Income | $81,647 |
| Total Housing Units | 40,287 |
| Renter-Occupied Units | 9,197 |
| Renter-Occupied Share | 23% |
| Households Paying 50%+ Income | 1,964 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| Studio | $1,044 | +0.0% |
| 1 BR | $1,045 | +0.0% |
| 2 BR | $1,273 | +0.0% |
| 3 BR | $1,459 | +0.0% |
| 4 BR | $1,324 | +0.0% |
| 5+ BR | $1,358 | +0.0% |
How does Grand Traverse County, Michigan compare?
Median gross rent ranked against all counties in Michigan.
Higher rent than 98% of counties in Michigan · 3rd of 83
| # | County | Value |
|---|---|---|
| 1 | Washtenaw County | $1,463 |
| 2 | Oakland County | $1,376 |
| 3 | Grand Traverse County(you are here) | $1,288 |
| … 77 more … | ||
| 81 | Gogebic County | $623 |
| 82 | Baraga County | $616 |
| 83 | Ontonagon County | $540 |
More data for Grand Traverse County, Michigan
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Frequently asked questions
What is the average rent in Grand Traverse County, Michigan?
The median gross rent in Grand Traverse County, Michigan is $1,288/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Grand Traverse County, Michigan?
The median rent for a 2-bedroom in Grand Traverse County, Michigan is $1,273/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$90. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Grand Traverse County, Michigan?
The median home value in Grand Traverse County, Michigan is $339,400 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Grand Traverse County are rent-burdened?
In Grand Traverse County, Michigan, 1,964 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Grand Traverse County, Michigan?
The median household income in Grand Traverse County, Michigan is $81,647/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,288 has a margin of error of ±$65. In very small areas, MOEs can be large relative to the estimate.
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