Median rent for residential apartments in as of Sep, 2019.
Be informed, make custom offers based only on median rent prices. But keep in mind, that price depends on size/amenities of the apartment.
8 Traverse City apartments for rent
Traverse City
Traverse City, MI has a population of 15,392, including 94% white, 2% latino, and 2% native.
| Population | 15,392 |
| Median Age | 41.1 |
| Poverty Rate | 11% |
| Median Income (Household) | $51,139 |
| Number Of Employees | 7,932 |
| Median Property Value | $198,000 |
City Overview
The median household income in Traverse City, MI is around $51,139, while the median age is 41.1. This city is a home to major universities: Northwestern Michigan College, Baccalaureate/Associate's Colleges, and Baccalaureate/Associate's Colleges: Associate's Dominant. 7,932 employees work in Traverse City, MI. The homeownership rate among the residents is 62.66%. The median property value that you should keep in mind is $198,000.
Business & Economy
Wage by Common Jobs
Average salary: $34,576
- 1. Elementary & middle school teachers$48,879
- 2. Retail salespersons$39,017
- 3. Secretaries & administrative assistants$30,813
- 4. Nursing, psychiatric, & home health aides$28,787
- 5. Cashiers$25,385
Employment by Occupations
Employment by Industries
Demographics
Race & Ethnicity
Non-English Speakers
Education
Past year Traverse City, MI universities awarded around 2,541 degrees. Statistics show that the population of students in Traverse City, MI include 357 male students and 490 female students. Traverse City, MI offers private and public tuition with a median cost of $6,159 for private four-year colleges and $0 for in-state public four-year colleges. The largest university of this city is the Northwestern Michigan College with the majority of graduates. The n/a and n/a hold the second and the third place respectively. The share of the public colleges in Traverse City, MI is 33.3% and 66.7% go to the private colleges.
Universities
- 1. Northwestern Michigan College847 graduates
Public vs Private
- Public66.7%
- Private33.3%
Health and Safety
The age groups that most likely have the health care coverage in Traverse City, MI are 55-64 years old for men and 55-64 years old for women. Traverse City, MI offers a 144 primary care clinician to 1 patient ratio. Data records state that dentists ratio is 89 to 1, speaking of mental health doctors ratio, it’s 343 to 1 resident.
Clinician to Patient Ratios
| Primary Care | 1 to 144 |
| Dentists | 1 to 89 |
| Mental Health | 1 to 343 |
| Other | 1 to 182 |
Transportation
Commute Time
Average travel time: 14.09 minutes
- USA
- Traverse City, MI
Commuter Transportation
- USA
- Traverse City, MI
Housing Trends
Traverse City, MI, USA Housing Trends
Average rent in Traverse City: $4,957 (+0%)
| Rent Price | Sep | vs Last Month |
|---|---|---|
| Studio rentals | $8,559 | +0% |
| 2 bed rentals | $2,613 | +0% |
| 3 bed rentals | $1,683 | +0% |
| 4+ bed rentals | $1,950 | +0% |
| Rent Type Price | Sep | vs Last Month |
|---|---|---|
| Apartment rentals | $1,790 | +0% |
| Condo rentals | $2,613 | +0% |
Over the Oct 2019, the average rent for an apartment in/near Traverse City, MI remained flat at $4957. Pricing for 2-bed apartment remains the same, a place of this size will still cost you $2613. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $1683. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $1950 for a big-family home.
Looking at the median rent price for an apartment in Traverse City, MI, you can note that it remains flat with a price tag of $1790. Condo for rent is now available for the same pricing as previously — $2613.
Rent vs Own
- Rent63%
- Own37%
View City Information