Rental numbers for the Traverse City, MI metro
The typical home here runs -$1,390 a month at 7.78% with 25% down, breaking even at about 0.1%. 0 of 4 ZIP codes with full Zillow data in this metro 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
- -$1,390/mo
- at 7.78%, 25% down
- Typical price
- $422,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,867/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
30 with published figures
| 49680South Boardman | $220,000 | $1,210* | 6.6% | 3.3% | -$586 | n/a |
| 49659Mancelona | $207,000 | $1,130* | 6.6% | 3.2% | -$561 | n/a |
| 49633Fife Lake | $246,000 | $1,260* | 6.1% | 2.9% | -$735 | n/a |
| 49686Traverse City | $402,000 | $1,941 | 5.8% | 2.7% | -$1,268 | +3.8% |
| 49646Kalkaska | $213,000 | $970* | 5.5% | 2.3% | -$735 | n/a |
| 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 |
| 49683Thompsonville | $309,000 | $1,220* | 4.7% | 1.9% | -$1,178 | n/a |
| 49684Traverse City | $492,000 | $1,918 | 4.7% | 2.0% | -$1,846 | n/a |
| 49650Lake Ann | $412,000 | $1,580* | 4.6% | 1.9% | -$1,563 | 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 |
| 49616Benzonia | $337,000 | $1,030* | 3.7% | 1.0% | -$1,527 | n/a |
| 49696Traverse City | $443,000 | $1,320* | 3.6% | 0.9% | -$2,046 | n/a |
| 49676Rapid City | $391,000 | $1,110* | 3.4% | 0.7% | -$1,868 | n/a |
| 49640Honor | $433,000 | $1,200* | 3.3% | 0.8% | -$2,042 | n/a |
| 49621Cedar | $533,000 | $1,400* | 3.1% | 0.9% | -$2,473 | n/a |
| 49613Arcadia | $421,000 | $1,090* | 3.1% | 0.1% | -$2,224 | n/a |
| 49664Maple City | $628,000 | $1,610* | 3.1% | 0.9% | -$2,923 | n/a |
| 49612Alden | $422,000 | $1,030* | 2.9% | 0.3% | -$2,169 | n/a |
| 49617Beulah | $439,000 | $1,030* | 2.8% | 0.4% | -$2,211 | n/a |
| 49630Empire | $625,000 | $1,390* | 2.7% | 0.4% | -$3,144 | n/a |
| 49636Empire | $680,000 | $1,490* | 2.6% | 0.4% | -$3,449 | n/a |
| 49682Suttons Bay | $641,000 | $1,380* | 2.6% | 0.3% | -$3,313 | n/a |
| 49635Frankfort | $521,000 | $1,110* | 2.6% | 0.2% | -$2,728 | n/a |
| 49670Northport | $823,000 | $1,720* | 2.5% | 0.2% | -$4,276 | n/a |
| 49674Northport | $1,050,000 | $1,590* | 1.8% | -0.1% | -$5,725 | n/a |
| 49653Lake Leelanau | $867,000 | $1,200* | 1.7% | -0.3% | -$4,889 | n/a |
| 49654Maple City | $1,354,000 | $1,530* | 1.4% | -0.3% | -$7,665 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.9%
- Rent, 12 months
- +3.6%
- Rent minus price growth
- +0.8 pts
- Property tax
- 0.80%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $329,328 | n/a |
| Aug 2022 | $372,596 | $1,437 |
| Aug 2023 | $389,763 | $1,647 |
| Aug 2024 | $404,070 | $1,690 |
| Aug 2025 | $410,755 | $1,802 |
| Aug 2026 | $422,480 | $1,867 |
Counties
- Antrim County, MIn/a median yield
- Manistee County, MI4.7% median yield
- Benzie County, MIn/a median yield
- Leelanau County, MIn/a median yield
- Kalkaska County, MIn/a median yield
- Grand Traverse County, MI4.8% median yield
Tools
Test a listing in the Traverse City, MI area against today's rate.
Open the calculatorQuestions
- Is the Traverse City, MI metro good for rental property?
- The typical home here runs -$1,390 a month at 7.78% with 25% down, breaking even at about 0.1%. 0 of 4 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.8%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Traverse City, MI metro have the highest rental yield?
- 49686 (Traverse City) at 5.8%, 49685 (Traverse City) at 4.9%, 49684 (Traverse City) at 4.7%, on Zillow value and rent. The full table above sorts by any column.
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.
- 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.
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.