49696
Traverse City, Michigan.
Traverse City, Grand Traverse County, MI · Traverse City, MI metro · population 10,477
to buy the typical home at today's mortgage rate — +$1,370 (+146%) since Jan 2020.
- 1 year
- Up $8,105 +2%
- $432,127$440,231 since Sep 2025
- 5 years
- Up $106,750 +32%
- $333,481$440,231 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.
- 49696$2,311
- 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 49696 rose 1.9% 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 — 49696
Against the Traverse City, MI metro and the national benchmark.
Not enough data to draw this yet.
Typical home value — 49696
Mid-tier homes, smoothed and seasonally adjusted.
- 49696$440,231
- 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 |
|---|---|---|---|---|---|
| 7.7 | 49649 | Kingsley | 7,239 | — | $349,917 |
| 8.5 | 49690 | Williamsburg | 6,657 | $1,830 | $476,155 |
| 10.8 | 49686 | Traverse City | 25,492 | $1,945 | $399,620 |
| 10.9 | 49685 | Traverse City | 21,308 | $1,740 | $433,706 |
| 11.6 | 49637 | Grawn | 3,646 | — | $346,442 |
| 11.7 | 49680 | South Boardman | 2,206 | — | $217,100 |
| 13.9 | 49684 | Traverse City | 21,585 | $1,994 | $487,847 |
| 14.9 | 49676 | Rapid City | 3,620 | — | $381,276 |
| 14.9 | 49620 | Buckley | 3,070 | — | $285,712 |
| 16.5 | 49633 | Fife Lake | 3,410 | — | $241,711 |
| 16.6 | 49629 | Elk Rapids | 2,038 | — | $509,684 |
| 17.4 | 49643 | Interlochen | 6,963 | — | $367,181 |
| 18.0 | 49663 | Manton | 6,409 | — | $226,789 |
| 18.0 | 49612 | Alden | 1,220 | — | $414,446 |
| 19.2 | 49621 | Cedar | 3,483 | — | $529,175 |
| 19.9 | 49650 | Lake Ann | 3,411 | — | $407,336 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.