What percentage of people rent in Little Traverse Township, MI?
17.7% (±4.9 points) of the occupied homes in Little Traverse Township, MI are rented (2020–2024 American Community Survey).
That is 225 renting households against 1,048 that own their home.
In Little Traverse Township, the share of households that rent went from 20.8% in 2015–2019 to 17.7% in 2020–2024 (−3.1 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 17.7% (±4.9 points)
- Renting households
- 225 (±68)
- Median renter income
- $45,694 (±$9,456)
Who rents and who owns in Little Traverse Township
| Little Traverse Township | Emmet County | Michigan | United States | |
|---|---|---|---|---|
| Renter-occupied share | 17.7% (±4.9 points) | 23.0% (±1.7 points) | 26.8% (±0.2 points) | 34.8% |
| Renting households | 225 (±68) | 3,488 (±304) | 1,092,179 (±7,674) | 45,017,354 |
| Owning households | 1,048 (±86) | 11,702 (±338) | 2,984,190 (±12,886) | 84,210,142 |
| Average renter household size | 1.6 (±0.3) | 1.7 (±0.1) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.2 (±0.2) | 2.4 (±0.1) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $45,694 (±$9,456) | $46,548 (±$8,782) | $42,352 (±$376) | $52,966 |
| Median owner household income | $95,217 (±$12,012) | $89,600 (±$6,140) | $87,130 (±$344) | $100,009 |
In Little Traverse Township, the renter share is lower than in Emmet County (23.0%).
It is also lower than in Michigan (26.8%).
It is lower than the national figure (34.8%).
In Emmet County, Little Traverse Township ranks 8 of 18 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 451 of 1,520.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Little Traverse Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 20.8% (±6.3 points) | 17.7% (±4.9 points) | −3.1 percentage points | Not a measurable change |
| Median gross rent | $913 (±$148) | $988 (±$170) | +8.2% | No measurable change after inflation |
| Median household income | $58,854 (±$9,171) | $88,368 (±$15,626) | +50.1% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Little Traverse Township
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Little Traverse Township | — | 17.7% (±4.9 points) | — |
| Harbor Springs | 3.9 mi | 31.9% (±8.9 points) | Higher |
| Pleasantview Township | 4.4 mi | 6.4% (±3.7 points) | Lower |
| Alanson | 6.0 mi | 18.2% (±12.3 points) | Not measurably different |
| Bear Creek Township | 6.0 mi | 36.0% (±5.9 points) | Higher |
| Littlefield Township | 6.1 mi | 20.6% (±8.9 points) | Not measurably different |
| West Traverse Township | 6.4 mi | 10.5% (±3.7 points) | Lower |
| Maple River Township | 6.8 mi | 8.5% (±4.5 points) | Lower |
| Petoskey | 7.1 mi | 38.9% (±6.1 points) | Higher |
Nearby places with a measurably lower figure: Pleasantview Township, MI (6.4%), West Traverse Township, MI (10.5%), Maple River Township, MI (8.5%).
Nearby places with a measurably higher figure: Harbor Springs, MI (31.9%), Bear Creek Township, MI (36.0%), Petoskey, MI (38.9%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Emmet County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 2 | Bear Creek Township | 36.0% (±5.9 points) |
| 3 | Harbor Springs | 31.9% (±8.9 points) |
| 4 | Wawatam Township | 27.4% (±9.9 points) |
| 5 | McKinley Township (Emmet County) | 26.9% (±7.6 points) |
| 6 | Carp Lake Township (Emmet County) | 24.6% (±10.5 points) |
| 7 | Littlefield Township | 20.6% (±8.9 points) |
| 8 | Little Traverse Township | 17.7% (±4.9 points) |
| 9 | West Traverse Township | 10.5% (±3.7 points) |
| 10 | Resort Township | 9.7% (±5.5 points) |
| 11 | Cross Village Township | 9.3% (±10.5 points) |
| 12 | Maple River Township | 8.5% (±4.5 points) |
| 13 | Bliss Township | 8.4% (±5.4 points) |
| 14 | Friendship Township | 8.3% (±4.6 points) |
Showing 13 of 18 places in Emmet County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Little Traverse Township
One account for renting, owning, managing and fixing homes, with these figures beside you.
Looking for a place to rent?
Browse homes for rent near Little Traverse Township, save the ones you like and apply online.
Browse rentals · Create a renter account
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Little Traverse Township beside you.
Create a landlord account · See what landlords get
Do repairs, renovations or maintenance?
Get found by owners and renters near Little Traverse Township, and send estimates and invoices from your phone.
Questions about Little Traverse Township
How many renters are there in Little Traverse Township?
Little Traverse Township has an estimated 225 (±68) renting households, 17.7% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Little Traverse Township?
In Little Traverse Township, the share of households that rent went from 20.8% in 2015–2019 to 17.7% in 2020–2024 (−3.1 percentage points), not a measurable change.
How big are renting households in Little Traverse Township?
A renting household in Little Traverse Township has 1.6 people on average, against 2.2 in an owned home.
How much do renters earn in Little Traverse Township?
The median renting household in Little Traverse Township, MI has an income of $45,694 (±$9,456) a year, against $95,217 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Little Traverse township, Emmet County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Little Traverse township, Emmet County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Little Traverse township, Emmet County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Little Traverse township, Emmet County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Little Traverse township, Emmet County, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Little Traverse township, Emmet County, Michigan (county subdivision:48080, in state:26 county:047).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Little Traverse Township at a glance
- Median rent in Little Traverse Township
- Rent by bedrooms in Little Traverse Township
- Income and affordability in Little Traverse Township
- Home values in Little Traverse Township
- Homeowner costs in Little Traverse Township
- Property taxes in Little Traverse Township
- Types of homes in Little Traverse Township
- Bedrooms in Little Traverse Township
- Age of homes in Little Traverse Township
- Heating fuel in Little Traverse Township
- Commute and cars in Little Traverse Township
- Population growth in Little Traverse Township
- How long people stay in Little Traverse Township
- Crowding and facilities in Little Traverse Township
- Michigan landlord and tenant rules
- Housing across Emmet County
- Michigan places ranked by share of renters
- Housing data for every place in Michigan