49685
Traverse City, Michigan.
Traverse City, Grand Traverse County, MI · Traverse City, MI metro · population 21,308
to buy the typical home at today's mortgage rate — +$1,350 (+146%) since Jan 2020.
- 1 year
- Up $11,016 +3%
- $422,691$433,706 since Sep 2025
- 5 years
- Up $108,631 +33%
- $325,075$433,706 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 49685$2,276
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in zip 49685 rose 2.6% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Traverse City, MI — measured over the city limits, which is a different area from this zip.
Asking rent — 49685
Against the Traverse City, MI metro and the national benchmark.
- 49685$1,740
- Traverse City$1,853
- United States$1,932
Typical home value — 49685
Mid-tier homes, smoothed and seasonally adjusted.
- 49685$433,706
- Traverse City$419,457
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 4.8 | 49637 | Grawn | 3,646 | — | $346,442 |
| 7.1 | 49684 | Traverse City | 21,585 | $1,994 | $487,847 |
| 7.5 | 49643 | Interlochen | 6,963 | — | $367,181 |
| 9.0 | 49650 | Lake Ann | 3,411 | — | $407,336 |
| 10.9 | 49696 | Traverse City | 10,477 | $2,200 | $440,231 |
| 11.8 | 49621 | Cedar | 3,483 | — | $529,175 |
| 12.2 | 49686 | Traverse City | 25,492 | $1,945 | $399,620 |
| 12.4 | 49620 | Buckley | 3,070 | — | $285,712 |
| 12.6 | 49649 | Kingsley | 7,239 | — | $349,917 |
| 15.2 | 49664 | Maple City | 2,332 | — | $621,661 |
| 15.6 | 49683 | Thompsonville | 2,225 | — | $303,510 |
| 16.4 | 49640 | Honor | 1,252 | — | $418,258 |
| 16.4 | 49690 | Williamsburg | 6,657 | $1,830 | $476,155 |
| 16.7 | 49617 | Beulah | 3,526 | — | $431,214 |
| 18.6 | 49636 | Glen Arbor | 643 | — | $685,721 |
| 18.9 | 49653 | Lake Leelanau | 1,766 | — | $853,569 |
| 19.6 | 49682 | Suttons Bay | 4,699 | — | $643,305 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.