Traverse City vs Sterling Heights: Housing
| Traverse City | Sterling Heights | |
|---|---|---|
| Median Home Value | $415,400 | $274,300 |
| Median Gross Rent | $995/mo | $1,292/mo |
| Homeownership Rate | 63.7% | 75.8% |
| Rent as Share of Income | 16.1% | 19.4% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.