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Market MapMichiganGrand Traverse

Grand Traverse County

MichiganPopulation: 95,315
57
/100
Hold
#413 of 1,000 counties
#58 in Michigan (83 counties)

Market Snapshot

$397,658
Median Home Price
70% above national median
$1,913/mo
Median Rent
27% above national median
5.77%
Rent-to-Price Ratio
Top 55% nationally
-$841
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$397,658
Down Payment (20%)$79,532
Loan Amount$318,126
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,913
Monthly P&I-$2,085
Est. Expenses (35%)-$669
Net Cash Flow-$841/mo
3.8%
Cap Rate (all cash)
-11.0%
Cash-on-Cash Return
5.77%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.8% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
57/100
57
Cash Flow(30%)
57/100

Based on 5.77% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
71/100

Based on 2.1% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
51/100

Price-to-income ratio of 5.3x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Complete rent data available

Challenges

  • -Negative cash flow at typical financing (-$841/mo)
  • -Negative leverage (cap rate 3.8% < mortgage rate 6.9%)

Economic Indicators

Population
95,315
Median Income
$75,553
vs $57,018 national est.
Unemployment Rate
—
Data pending
Price-to-Income
5.3x
Less affordable

Compare to Nearby Counties

CountyVerdict
IsabellaMI
61$214,416$1,2426.95%BuyView
WashtenawMI
61$399,990$2,1656.49%BuyView
AlleganMI
60$333,542$1,3915.01%BuyView
Van BurenMI
60$256,887$1,6267.59%BuyView
CurrentGrand TraverseMI
57$397,658$1,9135.77%Hold
ChippewaMI
57$181,411Est. pending—HoldView

The Bottom Line

HoldGrand Traverse is a neutral market. Consider house hacking or targeting below-market deals.

Grand Traverse County in Michigan scores 57/100, ranking #413 of 1,000 US counties (top 55%). The 5.77% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-841/mo
Cap Rate
3.8%
Cash-on-Cash
-11.0%

Ready to Analyze a Deal in Grand Traverse?

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