Land and home values in Grand Traverse County, Michigan
Grand Traverse County (metro core, Traverse City, MI) covers 464 square miles and 24 census tracts. Residential land is about $8.76 per sq ft at the county median, from $4.45 in its most rural tracts to $21.70 in its most valuable. The typical home is worth about $392,000 and a 2-bedroom rents for about $1,360 a month, as of October 12, 2026.
Open on the satellite mapAll of MichiganCounty values
| Land: residential | $8.76 | per sq ft |
| Land: residential | $381,498 | per acre |
| Land: quarter-acre lot | $95,375 | 10,890 sq ft |
| Land: farmland | $11,800 | per acre |
| Home: typical (median) | $392,000 | value |
| Home: entry-level | $279,000 | lower quartile |
| Home: upper-end | $506,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $1,150 | per month |
| Rent: 2-bedroom | $1,360 | per month |
| Rent: 3-bedroom | $1,740 | per month |
| Rent: 4-bedroom | $1,800 | per month |
| Gross yield, 2-bed | 4.2% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Top tier | 1 | $31.10 | $915,000 | $1,640 |
| Upper | 6 | $15.90 | $511,000 | $1,320 |
| Mid | 8 | $8.61 | $402,000 | $1,370 |
| Entry | 8 | $4.51 | $289,000 | $1,220 |
| Rural | 1 | $12.10 | $393,000 | $1,290 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Cities and towns
Highest-value places
| Place | Type | Land $/sq ft | Typical home |
|---|---|---|---|
| Bedford Woods | Subdivision | $30.60 | $881,000 |
| Stickney Estates | Subdivision | $30.50 | $877,000 |
| Bluewater Bluffs | Subdivision | $30.40 | $869,000 |
| Harbor Reach | Subdivision | $29.80 | $834,000 |
| Peninsula Shores | Subdivision | $29.70 | $596,000 |
| Neahtawanta | Subdivision | $29.40 | $824,000 |
| Cherry Harbor Estates | Subdivision | $29.40 | $824,000 |
| Traverse Point | Subdivision | $28.90 | $799,000 |
Questions people ask
How much is land worth in Grand Traverse County, MI?
Residential land in Grand Traverse County, MI is about $8.76 per square foot, or $381,498 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $95,375. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Grand Traverse County, MI?
The typical (median) home in Grand Traverse County, MI is worth about $392,000, with entry-level homes around $279,000 and upper-end homes around $506,000, as of October 2026.
How much is rent in Grand Traverse County, MI?
A 2-bedroom rents for about $1,360 a month in Grand Traverse County, MI, a 1-bedroom about $1,150 and a 3-bedroom about $1,740 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in Grand Traverse County, MI?
Farmland averages about $11,800 an acre in Grand Traverse County, MI (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.