Rental numbers for Grand Traverse County, MI
The typical home here runs -$1,401 a month at 7.78% with 25% down. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.8%.
- Gross yield
- 5.3%
- typical home, Zillow
- Median ZIP yield
- 4.8%
- 4 ZIPs with full data
- Cash flow
- -$1,401/mo
- at 7.78%, 25% down
- Typical price
- $419,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,859/mo
- Zillow ZORI, Aug 2026
ZIP codes in Grand Traverse County
8 with published figures
| 49686Traverse City | $402,000 | $1,941 | 5.8% | 2.7% | -$1,268 | +3.8% |
| 49685Traverse City | $437,000 | $1,790 | 4.9% | 2.1% | -$1,593 | n/a |
| 49637Grawn | $351,000 | $1,390* | 4.8% | 1.9% | -$1,340 | n/a |
| 49684Traverse City | $492,000 | $1,918 | 4.7% | 2.0% | -$1,846 | n/a |
| 49690Williamsburg | $477,000 | $1,760 | 4.4% | 1.8% | -$1,873 | n/a |
| 49643Interlochen | $371,000 | $1,320* | 4.3% | 1.6% | -$1,507 | n/a |
| 49649Kingsley | $350,000 | $1,150* | 3.9% | 1.4% | -$1,489 | n/a |
| 49696Traverse City | $443,000 | $1,320* | 3.6% | 0.9% | -$2,046 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.4%
- Rent, 12 months
- +3.6%
- Rent minus price growth
- +1.2 pts
- Property tax
- 0.89%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $320,788 | n/a |
| Aug 2022 | $362,212 | $1,452 |
| Aug 2023 | $380,832 | $1,653 |
| Aug 2024 | $395,914 | $1,696 |
| Aug 2025 | $409,102 | $1,795 |
| Aug 2026 | $418,758 | $1,859 |
HUD Fair Market Rent
FY2027, Grand Traverse County, MI HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,181 | $1,188 | $1,436 | $1,883 | $1,928 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 15.7
- 634 units, last 12 months
- National percentile
- 85th
- among US counties
Tools
Test a listing in Grand Traverse County against today's rate.
Open the calculatorPart of the Traverse City, MI metro.
Questions
- Is Grand Traverse County good for rental property?
- The typical home here runs -$1,401 a month at 7.78% with 25% down. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.8%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Grand Traverse County?
- About 0.89% of value, from Census ACS median taxes paid over median home value. On a $419,000 home that is about $3,714 a year.
- What is Fair Market Rent in Grand Traverse County?
- HUD's FY2027 Fair Market Rent here is $1,188 for a 1-bedroom, $1,436 for a 2-bedroom and $1,883 for a 3-bedroom. Typical cash flow at today's rate is -$1,401 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.