Traverse City vs Grand Rapids: Housing
| Traverse City | Grand Rapids | |
|---|---|---|
| Median Home Value | $415,400 | $244,500 |
| Median Gross Rent | $995/mo | $1,266/mo |
| Homeownership Rate | 63.7% | 54.0% |
| Rent as Share of Income | 16.1% | 22.0% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.