Traverse City Investment Analysis
Investment Property in Traverse City, MI
Traverse City, MI Real Estate Investment Performance
$444,734
Median
2,010
Avg/Sq.ft.
1.00%
Traditional
N/A
Airbnb
250
Investment
2,420
Airbnb
15
Traditional
23%
Airbnb occupancy rate
Redfin Housing market insights powered by Redfin
81
Number of homes sold
58
Median days on market
99%
Average sale-to-list price ratio
26%
Percentage of listings with price drops
250
Active listings count
154
New listings count
6.2
Months of supply
Traverse City, MI Properties Rental Prices
Predict Short-Term Rental Revenue
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Investment Properties for Sale in Traverse City, MI
$159,000
MLS 1946889
Manufactured Home
CAP RATE
Trad.
8.29%
Airbnb
8.91%
$249,900
MLS 1944041
Single Family Residential
CAP RATE
Trad.
7.71%
Airbnb
7.73%
$131,000
MLS 1948129
Other
CAP RATE
Trad.
7.66%
Airbnb
6.63%
$265,000
MLS 1945162
Manufactured Home
CAP RATE
Trad.
5.09%
Airbnb
6.06%
$320,000
MLS 1944574
Single Family Residential
CAP RATE
Trad.
5.67%
Airbnb
5.97%
$309,900
MLS 1946579
Single Family Residential
CAP RATE
Trad.
3.31%
Airbnb
5.83%
$254,900
MLS 1944765
Condo/Coop
CAP RATE
Trad.
4.34%
Airbnb
5.42%
$220,000
MLS 1947484
Single Family Residential
CAP RATE
Trad.
4.89%
Airbnb
5.42%
Single Family Houses for Sale in Traverse City, MI
$249,900
MLS 1944041
Single Family Residential
CAP RATE
Trad.
7.71%
Airbnb
7.73%
$320,000
MLS 1944574
Single Family Residential
CAP RATE
Trad.
5.67%
Airbnb
5.97%
$309,900
MLS 1946579
Single Family Residential
CAP RATE
Trad.
3.31%
Airbnb
5.83%
$220,000
MLS 1947484
Single Family Residential
CAP RATE
Trad.
4.89%
Airbnb
5.42%
$349,900
MLS 1946355
Single Family Residential
CAP RATE
Trad.
4.61%
Airbnb
5.29%
$349,900
MLS 1946019
Single Family Residential
CAP RATE
Trad.
3.81%
Airbnb
5.29%
$369,900
MLS 1946357
Single Family Residential
CAP RATE
Trad.
4.31%
Airbnb
4.95%
$349,000
MLS 1947729
Single Family Residential
CAP RATE
Trad.
4.46%
Airbnb
4.81%
Multi Family Houses for sale in Traverse City, MI
$449,900
MLS 1946116
Multi Family
CAP RATE
Trad.
3.28%
Airbnb
2.14%
$599,000
MLS 1946785
Multi Family
CAP RATE
Trad.
4.14%
Airbnb
1.80%
$440,000
MLS 1946364
Multi Family
CAP RATE
Trad.
0.61%
Airbnb
1.27%
$684,900
MLS 1943936
Multi Family
CAP RATE
Trad.
1.69%
Airbnb
1.06%
Condos for Sale in Traverse City, MI
$254,900
MLS 1944765
Condo/Coop
CAP RATE
Trad.
4.34%
Airbnb
5.42%
$259,000
MLS 1946389
Condo/Coop
CAP RATE
Trad.
3.67%
Airbnb
4.77%
$289,900
MLS 1944338
Condo/Coop
CAP RATE
Trad.
3.78%
Airbnb
4.65%
$250,000
MLS 1947860
Condo/Coop
CAP RATE
Trad.
5.86%
Airbnb
4.47%
$299,900
MLS 1946056
Condo/Coop
CAP RATE
Trad.
4.70%
Airbnb
4.39%
$175,000
MLS 1946856
Condo/Coop
CAP RATE
Trad.
5.65%
Airbnb
4.29%
$439,990
MLS 1944526
Condo/Coop
CAP RATE
Trad.
5.05%
Airbnb
4.06%
$409,500
MLS 1944134
Condo/Coop
CAP RATE
Trad.
3.60%
Airbnb
3.39%
Townhouses for Sale in Traverse City, MI
$250,000
MLS 1945991
Townhouse
CAP RATE
Trad.
6.28%
Airbnb
4.55%
$379,900
MLS 1943860
Townhouse
CAP RATE
Trad.
3.37%
Airbnb
3.29%
$354,900
MLS 1946781
Townhouse
CAP RATE
Trad.
5.60%
Airbnb
2.63%
$359,900
MLS 1945436
Townhouse
CAP RATE
Trad.
7.37%
Airbnb
2.48%
$220,000
MLS 1945892
Townhouse
CAP RATE
Trad.
4.33%
Airbnb
2.22%
$299,000
MLS 1947679
Townhouse
CAP RATE
Trad.
6.58%
Airbnb
1.91%
$299,000
MLS 1947980
Townhouse
CAP RATE
Trad.
6.58%
Airbnb
1.91%
$299,000
MLS 1947365
Townhouse
CAP RATE
Trad.
6.58%
Airbnb
1.91%
Top Traverse City, MI Neighborhoods - Real Estate Market Analysis
Kids Creek
$429,000
Median for city
2.96%
Traditional
6.20%
Airbnb
$ 2,018
Traditional
$ 3,177
Airbnb
43%
Airbnb occupancy rate
Traverse Heights
$429,000
Median for city
3.28%
Traditional
6.72%
Airbnb
$ 2,102
Traditional
$ 3,491
Airbnb
40%
Airbnb occupancy rate
Old Towne
$429,000
Median for city
1.58%
Traditional
2.91%
Airbnb
$ 1,912
Traditional
$ 2,980
Airbnb
41%
Airbnb occupancy rate
Slab Town
$429,000
Median for city
5.42%
Traditional
6.14%
Airbnb
$ 1,806
Traditional
$ 3,354
Airbnb
43%
Airbnb occupancy rate
Central
$429,000
Median for city
0.45%
Traditional
2.72%
Airbnb
$ 1,646
Traditional
$ 3,184
Airbnb
40%
Airbnb occupancy rate
Oak Park
$429,000
Median for city
2.04%
Traditional
3.33%
Airbnb
$ 1,917
Traditional
$ 3,491
Airbnb
40%
Airbnb occupancy rate
Downtown
$429,000
Median for city
2.60%
Traditional
0.65%
Airbnb
$ 1,743
Traditional
$ 2,896
Airbnb
41%
Airbnb occupancy rate
Boardman
$429,000
Median for city
-0.86%
Traditional
-0.27%
Airbnb
$ 1,328
Traditional
$ 2,892
Airbnb
41%
Airbnb occupancy rate
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Best Short Term Rental Markets
Find great vacation rentals for sale in the top performing markets
Short Term Rentals For SaleAirbnb Vacation Rentals in Traverse City, MI
$114 per night
Airbnb occupancy rate 44%
Loft 1 · 1 · 3
Rental Income: $1,520 per month
822
$80 per night
Airbnb occupancy rate 32%
Loft 1 · 1 · 2
Rental Income: $780 per month
705
$91 per night
Airbnb occupancy rate 36%
Apartment 1 · 1 · 3
Rental Income: $1,001 per month
608
$169 per night
Airbnb occupancy rate 47%
Condominium 1 · 1 · 4
Rental Income: $2,394 per month
578
$101 per night
Airbnb occupancy rate 32%
Apartment 1 · 1 · 3
Rental Income: $976 per month
576
$100 per night
Airbnb occupancy rate 30%
Apartment 1 · 1 · 2
Rental Income: $900 per month
567
$260 per night
Airbnb occupancy rate 36%
Condominium 1 · 1 · 4
Rental Income: $2,860 per month
564
$146 per night
Airbnb occupancy rate 31%
Loft 1 · 1 · 4
Rental Income: $1,387 per month
548
Real Estate Investment Analysis - Other Cities in michigan
| City Name | Property price | Cash on cash return | Rental Income | No. of Properties | Airbnb Occupancy Rate | ||
|---|---|---|---|---|---|---|---|
| Median | traditional | Airbnb | traditional | Airbnb | |||
| Clinton Township | $259,900 | 5% | 1% | $1,927 | $1,239 | 161 | 21% |
| Redford | $170,000 | 6% | 1% | $1,390 | $1,077 | 155 | 21% |
Vacation Rentals for Sale in michigan
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