County file · Michigan · Seat: Traverse City
Grand Traverse County home appraisals
Traverse City, the county seat, sets the pace for prices in Grand Traverse County. The median owner occupied home value was $339,400 for 2020 to 2024 (Census QuickFacts). That one figure hides a wide spread: Peninsula Township on Old Mission came in at $706,900, while Paradise Township, home to Kingsley, was $265,800. Bay frontage sits at the top, and the rural townships to the south run lower.
$339,400Median owner occupied home value, 2020 to 2024 ACS (Census QuickFacts)
96,729Population estimate, July 1, 2025 (Census QuickFacts)
77.2%Owner occupied housing rate, 2020 to 2024 ACS (Census QuickFacts)
$541,2872026 FHA one unit loan limit (LendingTree, 2026 Michigan limits)
Market files in Grand Traverse County
Traverse CityThe median owner occupied home value in Traverse City was $415,400 in the 2020 to 2024 American Community Survey, per Census QuickFacts.Open market file →Garfield TownshipGarfield Township had 19,499 people in 2020, more than Traverse City itself, and its median owner occupied value was $316,200 for 2020 to 2024 (Census QuickFacts).Open market file →East Bay TownshipEast Bay Township had 11,589 people in 2020 and a median owner occupied value of $278,800 for 2020 to 2024 (Census QuickFacts).Open market file →Old Mission PeninsulaThe median owner occupied value on the Old Mission Peninsula was $706,900 for 2020 to 2024 (Census QuickFacts), about double the county median.Open market file →AcmeAcme Township sits on the East Arm of Grand Traverse Bay, where US 31 meets M-72, and had 4,456 people in 2020.Open market file →WilliamsburgWhitewater Township is the northeast corner of Grand Traverse County, with Williamsburg on M-72 about midway between Traverse City and Kalkaska.Open market file →Long Lake TownshipLong Lake Township's median owner occupied value was $410,600 for 2020 to 2024 (Census QuickFacts), with 9,956 people in 2020.Open market file →InterlochenThe median owner occupied home in Green Lake Township was valued at $289,300 in Census ACS estimates for 2020 to 2024.Open market file →GrawnBlair Township, home to Grawn and Chums Corner, had 8,994 people in 2020 and a median owner occupied home value of $275,200 (Census ACS, 2020 to 2024).Open market file →KingsleyParadise Township, which includes the village of Kingsley, had a median owner occupied home value of $265,800 in Census ACS estimates for 2020 to 2024.Open market file →Mayfield TownshipMayfield Township had 1,786 people in 2020 and a median owner occupied home value of $273,100 in ACS 2020 to 2024 estimates (Census Reporter).Open market file →Union TownshipUnion Township is the least populous township in Grand Traverse County, with 514 people in 2020.Open market file →Fife LakeFife Lake Township, with the village of Fife Lake on its 617 acre lake, had 1,526 people in 2020.Open market file →Grant TownshipGrant Township, in the county's southwest corner, had 1,212 people in 2020 and a median owner occupied home value of $260,800 in ACS 2020 to 2024 estimates (Census Reporter).Open market file →
Common questions
Why is the county median so far below Old Mission Peninsula values?
The county figure blends every township. Peninsula Township's median owner occupied value was $706,900 for 2020 to 2024, while Paradise Township, which holds Kingsley, was $265,800 (Census QuickFacts). A countywide number is only a starting point. For a single home, sales from the same township, and often from the same lake or shoreline, tell much more.
How much of Grand Traverse County is water?
About 23%. Wikipedia lists 137 of the county's 601 square miles as water. That covers both arms of Grand Traverse Bay plus inland lakes such as Long Lake, the largest, along with Green, Silver, Spider, Arbutus and Fife lakes and part of Elk Lake. Frontage on each of these tends to form its own pool of sales.