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

Tenure, estimate (90% margin of error)
Little Traverse TownshipEmmet CountyMichiganUnited States
Renter-occupied share17.7% (±4.9 points)23.0% (±1.7 points)26.8% (±0.2 points)34.8%
Renting households225 (±68)3,488 (±304)1,092,179 (±7,674)45,017,354
Owning households1,048 (±86)11,702 (±338)2,984,190 (±12,886)84,210,142
Average renter household size1.6 (±0.3)1.7 (±0.1)2.1 (±0.0)2.3
Average owner household size2.2 (±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 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent20.8% (±6.3 points)17.7% (±4.9 points)−3.1 percentage pointsNot 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

Nearest places with a published estimate, compared with Little Traverse Township
PlaceDistanceHouseholds that rentCompared with this place
Little Traverse Township—17.7% (±4.9 points)—
Harbor Springs3.9 mi31.9% (±8.9 points)Higher
Pleasantview Township4.4 mi6.4% (±3.7 points)Lower
Alanson6.0 mi18.2% (±12.3 points)Not measurably different
Bear Creek Township6.0 mi36.0% (±5.9 points)Higher
Littlefield Township6.1 mi20.6% (±8.9 points)Not measurably different
West Traverse Township6.4 mi10.5% (±3.7 points)Lower
Maple River Township6.8 mi8.5% (±4.5 points)Lower
Petoskey7.1 mi38.9% (±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

RankPlaceHouseholds that rent
2Bear Creek Township36.0% (±5.9 points)
3Harbor Springs31.9% (±8.9 points)
4Wawatam Township27.4% (±9.9 points)
5McKinley Township (Emmet County)26.9% (±7.6 points)
6Carp Lake Township (Emmet County)24.6% (±10.5 points)
7Littlefield Township20.6% (±8.9 points)
8Little Traverse Township17.7% (±4.9 points)
9West Traverse Township10.5% (±3.7 points)
10Resort Township9.7% (±5.5 points)
11Cross Village Township9.3% (±10.5 points)
12Maple River Township8.5% (±4.5 points)
13Bliss Township8.4% (±5.4 points)
14Friendship Township8.3% (±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

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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

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.

Request a Census API 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 .

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