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Grand Traverse County, MI

RANK #242 / 996  ·  POP 95,315  ·  MI

PROJECTED GROWTH: +1.8%

Grand Traverse County combines solid growth with real affordability — a rare combination.

[01] Why Grand Traverse County?

Known as the "Cherry Capital of the World," Grand Traverse County, Michigan, is situated in the northwest Lower Peninsula on Grand Traverse Bay, an inlet of Lake Michigan. The county seat, Traverse City, is approximately a four-hour drive from Detroit. The community offers a blend of small-town charm and access to natural scenery, including miles of Lake Michigan shoreline, numerous inland lakes, and rolling hills. Outdoor recreation is a significant draw, with opportunities for hiking, biking on trails like the TART Trails network, boating, and fishing in warmer months, and skiing and snowshoeing in winter. The Interlochen Center for the Arts also provides cultural attractions.

Life in Grand Traverse County appeals to families, professionals, and retirees seeking a high quality of life. Public schools in the county are highly rated, including Traverse City Area Public Schools and Grand Traverse Academy. Commuting within the county is generally manageable, with an average travel time to work of around 21 minutes, though summer tourism can increase traffic. The Bay Area Transportation Authority (BATA) provides public bus services throughout Grand Traverse and Leelanau Counties. The local economy is supported by diverse industries, including healthcare, education, tourism, and technology. Recent economic developments include investments in natural gas infrastructure to support population and business growth, and the county is expanding its government campus.

[02] Market Snapshot

Housing Ratio
4.5x

Below national median (4.7x)

GDP Growth
+1.8%

Below national median

Home Prices
+2.3%

Outpacing national median

Climate & Terrain
0.4

Moderate climate & terrain

Price/Rent
12x

Strong rental yield

Housing is fairly valued at 4.5x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Grand Traverse County U.S. National

The Numbers

DEMOGRAPHICS
Population
95,315
+0.8% YoY
Median Household Income
$75,553
Median Home Value
$273,300
+2.32% 12mo
Median Rent
$1,147
Average Annual Pay
$59,257
+3.3% YoY
Employment
51,962
+1.0% YoY
Income-to-Home-Value
0.2764
More affordable than average
Migration Inflow
4.82%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$412,340
Days on Market
92
Slower market
Months of Supply
3.6
Balanced market
Sale-to-List Ratio
97.2%
Negotiation room for buyers
Sold Above List
12.2%
Listings w/ Price Drops
14.6%
Building Permits (2024)
883
Single-Family Permits
353

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$2,578M
TOTAL
PROJECT AMOUNT STATUS
Rocklocker Data Center (Kalkaska County, regional impact)
Rocklocker (subsidiary of Reefworks)
$2,000M Proposed
DTE Energy Natural Gas System Reinforcement (TCARP & GRP)
DTE Energy
$500M Under Construction
Peninsula Place Residential Condominiums
Unknown
$50M Under Construction
Grand Traverse County LaFranier Road Campus Expansion (Project Alpha)
Grand Traverse County
$28M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.8% 31 percentile
Population Growth +0.8% 65 percentile
Income Growth +8.9% 61 percentile
Vacancy Rate 1.2% 36 percentile
Home Price Change +2.3% 63 percentile
Rent Growth +8.1% 95 percentile
Price/Rent 12x 72 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Grand Traverse County, MI a good place to move to?

Grand Traverse County has a Boom Town Index score of 76/100, ranking #242 among 996 U.S. counties. With job growth at +1.0% and a median household income of $75,553, it's an above-average county on economic indicators.

Is Grand Traverse County affordable?

The median home value in Grand Traverse County is $273,300 with median rent at $1,147/month. The income-to-home-value ratio is 0.2764, which is more affordable than the national average.

Is Grand Traverse County growing or shrinking?

Population growth: +0.8% year-over-year. Job growth: +1.0%. Home values changed +2.3% in the past 12 months.

Are people moving to Grand Traverse County?

Yes — 4.82% of Grand Traverse County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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