Traverse City, MI Metro Area: Median Gross Rent Trend
How Traverse City, MI Metro Area'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
$874
2023
$1,154
Total change
+$280
% change
+32%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $874 | — |
| 2019 | $908 | +$34 (3.9%) |
| 2020 | $931 | +$23 (2.5%) |
| 2021 | $1,004 | +$73 (7.8%) |
| 2022 | $1,100 | +$96 (9.6%) |
| 2023 | $1,154 | +$54 (4.9%) |