Is Grand Traverse County, MI good for real estate investing?

Grand Traverse County has an investment score of 57/100, rated as "Hold". The county ranks #605 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in Grand Traverse?

The rent-to-price ratio in Grand Traverse County is 5.64% annually, which ranks in the 41th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Grand Traverse?

The median home price in Grand Traverse County is $398,020. This ranks #799 in affordability among all US counties.

Can you cash flow on rental properties in Grand Traverse?

Based on median values with 20% down at current rates, a typical rental in Grand Traverse County would generate negative cash flow of $870/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Grand Traverse County

MichiganPopulation: 95,315

/100

Hold

#605 of 1,000 counties

#65 in Michigan (83 counties)

Market Snapshot

$398,020

Median Home Price

45% above national median

$1,871/mo

Median Rent

25% above national median

5.64%

Rent-to-Price Ratio

Top 59% nationally

-$870

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$398,020

Down Payment (20%)$79,604

Loan Amount$318,416

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,871

Monthly P&I-$2,086

Est. Expenses (35%)-$655

Net Cash Flow-$870/mo

3.7%

Cap Rate (all cash)

-11.4%

Cash-on-Cash Return

5.64%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 3.7% 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 Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

57/100

Cash Flow(30%)

55/100

Based on 5.64% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

70/100

Based on 2.0% 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 (-$870/mo)
-Negative leverage (cap rate 3.7% < mortgage rate 6.9%)

Economic Indicators

Population

95,315

Median Income

$75,553

vs $62,400 national est.

Unemployment Rate

—

Data pending

Price-to-Income

5.3x

Less affordable

Compare to Nearby Counties

County					Verdict
Van BurenMI	60	$256,887	$1,626	7.59%	Buy	View
CurrentGrand TraverseMI	57	$398,020	$1,871	5.64%	Hold
CharlevoixMI	55	$391,549	Est. pending	—	Hold	View
IoscoMI	55	$159,379	Est. pending	—	Hold	View
MasonMI	54	$246,751	Est. pending	—	Hold	View
OceanaMI	54	$237,936	Est. pending	—	Hold	View

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 #605 of 1,000 US counties (top 60%). The 5.64% 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

$-870/mo

Cap Rate

3.7%

Cash-on-Cash

-11.4%

Ready to Analyze a Deal in Grand Traverse?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRR House HackOwner-occupied strategy Multifamily5+ unit properties

Explore Other Markets

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$398,020

Down Payment (20%)$79,604

Loan Amount$318,416

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,871

Monthly P&I-$2,086

Est. Expenses (35%)-$655

Net Cash Flow-$870/mo

3.7%

Cap Rate (all cash)

-11.4%

Cash-on-Cash Return

5.64%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 3.7% 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 Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

57/100

Cash Flow(30%)

55/100

Based on 5.64% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

70/100

Based on 2.0% 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.

County

Verdict

Van BurenMI

$256,887

$1,626

7.59%

Buy

View

CurrentGrand TraverseMI

$398,020

$1,871

5.64%

Hold

CharlevoixMI

$391,549

Est. pending

—

Hold

View

IoscoMI

$159,379

Est. pending

—

Hold

View

MasonMI

$246,751

Est. pending

—

Hold

View

OceanaMI

$237,936

Est. pending

—

Hold

View

The Bottom Line

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

Monthly Cash Flow

$-870/mo

Cap Rate

3.7%

Cash-on-Cash

-11.4%