Find property management in Traverse City, MI
Learn what to look for, compare Traverse City management companies, and get free quotes.
The response from my new manager was super and I expect a great working relationship with her company. - Rhonda M.
Traverse City Property Managers (1)
Showing all property managers in Traverse City. Describe your property to show only the managers who offer the services you're looking for.
PMI Grand Traverse
- PMI Grand Traverse makes vacation rental management in the Traverse City area a breeze. We do 100% of the work for just a fraction of the proceeds from your bookings – from booking to housekeep... View full company profileTraverse City, MI 49684
Market Info
Traverse City Management Companies
Are you looking for a professional property management company to oversee your home, condo, apartment building, commercial property or community association? Use our comprehensive directory of Traverse City property management companies to find and get quotes from multiple property managers in Traverse City, Michigan. You can also read our guide to hiring a property manager which covers everything from understanding the property management fee to breaking down property management contracts.
Housing Market Stats
| Traverse City | Michigan | U.S. | |
|---|---|---|---|
| Median Home Value | $173,200 | $150,500 | $192,400 |
| Owner Costs > 30% Income | 16.4% | 15.5% | 14.7% |
| Gross Rent > 30% Income | 22.5% | 18.7% | 19.2% |
Traverse City Housing Market Stats
As of 2008, the rental vacancy rate in Traverse City stood at 11%, relatively high compared to the rest of the country. There are about 78,930 housing units, averaging $173,200 in value, 20% of which are occupied by renters. The rent to price ratio in Traverse City is 0.4%, slightly lower than the Michigan average. For 23% of Traverse City tenants, 30% or more of their income goes to paying rent.
Demographic Stats
| Traverse City | Michigan | U.S. | |
|---|---|---|---|
| Avg Commute Time (minutes) | 20.7 | 22.8 | 25.3 |
| Median Age | 40.6 | 36.7 | 36.7 |
| Avg Household Size - Owners | 2.46 | 2.64 | 2.7 |
| Avg Household Size - Renters | 2.02 | 2.24 | 2.42 |
| Median Household Income | $47,598 | $48,310 | $52,175 |
| Per Capita Income | $26,092 | $25,832 | $27,466 |
Traverse City Demographic Info
Traverse City has a population of 141,730, comprised of 57,553 households, with on average 2 members per household. Out of approximately 75,437 people in the civilian workforce, 69,286 (92%) were employed in 2008. 91% of the population 25 and older has earned a high school diploma, with 27% holding a 4 year college degree.