49684, Traverse City, MI

The Traverse City zip code 49684 has a population of approximately 28,000 and is located in the northern part of the state of Michigan. The median home value in this zip code is $137,200 and the median home equity is $111,600. Approximately one-third (33%) of homes in this zip code are owner-occupied while two-thirds (66%) are rented. The average household size in this zip code is 2.5 people and the average family size is 3.0 people.

The 49684 zip code has a median income of $60,000 which is lower than the statewide median income of $75,000. The unemployment rate in this zip code is 5% which is lower than the statewide unemployment rate of 6%. Approximately one-third (33%) of households in this zipcode have children under 18 living with them while two-thirds (66%) have no children under 18 living with them. There are also a small number (~1%) of households with children under 6 living with them.

The housing market in Traverse City has been experiencing moderate growth over the past few years due to strong job growth and low interest rates. In 2018, there were 1,814 housing units sold in Traverse City which was an increase from 1,584 units sold in 2017 and 1,371 units sold in 2016. The average price per square foot for homes sold was $144 which was up from $142 per square foot during 2017 and down from $158 per square foot during 2016.