Housing market · ZIP 49685

Traverse City, MI Home Prices & Forecast

Median value and 12-month outlook · as of April 2026

Median home value

$431,273

3-month+0.5%

6-month+1.3%

12-month+3.1%

Touse 12-month forecast

+4.5%

Projected median near $450,840 over the next 12 months

As of April 2026, the median home value in Traverse City, MI (ZIP 49685) is $431,273. Prices are stable, up 3.1% over the past year. Touse's model projects a +4.5% change over the next 12 months, putting the median near $450,840.

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Nearby areas in Grand Traverse

Acme 49610 Fife Lake 49633 Grawn 49637 Interlochen 49643 Kingsley 49649 Mayfield 49666 Old Mission 49673 Traverse City 49684

Estimates are derived from Zillow Research price history and Touse's forecasting model (LightGBM + Prophet). Forecasts are 12-month projections with inherent uncertainty, not guarantees, and are not financial advice. Confirm with a licensed professional before any decision.