Traverse City, MI Metro Area: Median Home Value Trend
How Traverse City, MI Metro Area's median home value 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
$178,800
2023
$286,500
Total change
+$107,700
% change
+60.2%
| Year | Median Home Value | Change |
|---|---|---|
| 2017 | $178,800 | — |
| 2019 | $203,100 | +$24,300 (13.6%) |
| 2020 | $216,400 | +$13,300 (6.5%) |
| 2021 | $228,300 | +$11,900 (5.5%) |
| 2022 | $263,500 | +$35,200 (15.4%) |
| 2023 | $286,500 | +$23,000 (8.7%) |