Traverse City city: Median Gross Rent Trend
How Traverse City city's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$869
2023
$983
Total change
+$114
% change
+13.1%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $869 | — |
| 2019 | $905 | +$36 (4.1%) |
| 2020 | $930 | +$25 (2.8%) |
| 2021 | $939 | +$9 (1%) |
| 2022 | $1,021 | +$82 (8.7%) |
| 2023 | $983 | $38 (-3.7%) |