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Traverse County

Learn about the people, housing, costs and businesses in Traverse County County

Median Home$112,561
Median Rent$613/month
Population3,243
Leading IndustriesConstruction · Transportation · Agriculture & Mining18% construction
Home Value Growth+9.9% over 2 years
Retirees25% of residentsabove average nationally
Homeowners82% of occupied units
NotableAffordable Market$113k median home · lower cost than 89% of the country
Traverse County
MN

Frequently Asked Questions

What are today's mortgage rates in Traverse County?

As of today, the 30-year fixed mortgage rate for Traverse County is approximately 7.136% (7.168% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Traverse County
What is the median home price in Traverse County?

The median home value in Traverse County is $113k. The median monthly rent is $613. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Traverse County?

Home values in Traverse County have increased 9.9% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Traverse County?

Based on a typical all-in ownership cost of $786/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Traverse County is $61k/year.

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What industries drive the economy in Traverse County?

The largest employment sectors in Traverse County are public administration (22%) and agriculture and mining (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas