What is the rental vacancy rate in Traverse City, MI?

Name: Vacancy rate in Traverse City, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The rental vacancy rate in Traverse City, MI is 10.4% (±5.2 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 1.9% (±1.9 points).

1,288 (±311) homes, 15.2% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Traverse City, the rental vacancy rate went from 4.7% in 2015–2019 to 10.4% in 2020–2024 (+5.7 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Rental vacancy rate: 10.4% (±5.2 points)
Homeowner vacancy rate: 1.9% (±1.9 points)
Vacant homes: 1,288 (±311)

Vacancy in Traverse City against Grand Traverse County, its state and the nation

Estimate (90% margin of error)
	Traverse City	Grand Traverse County	Michigan	United States
Rental vacancy rate	10.4% (±5.2 points)	9.6% (±2.8 points)	5.1% (±0.2 points)	5.5%
Homeowner vacancy rate	1.9% (±1.9 points)	0.5% (±0.5 points)	0.8% (±0.1 points)	0.9%
Vacant housing units	1,288 (±311)	6,716 (±632)	545,867 (±7,991)	14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Traverse City, the rental vacancy rate is not measurably different from Grand Traverse County (9.6%).

It is also higher than in Michigan (5.1%).

It is not measurably different from the national figure (5.5%).

Rental vacancy rate in places near Traverse City

Nearest places with a published estimate, compared with Traverse City
Place	Distance	Rental vacancy rate	Compared with this place
Traverse City	—	10.4% (±5.2 points)	—
Garfield Charter Township	2.5 mi	7.6% (±4.5 points)	Not measurably different
Greilickville	4.6 mi	9.0% (±14.0 points)	Not measurably different
Elmwood Charter Township	5.7 mi	5.9% (±9.1 points)	Not measurably different
Chums Corner	6.0 mi	0.0% (±45.6 points)	Not measurably different
East Bay Township	6.0 mi	31.0% (±13.6 points)	Higher
Acme Township	7.4 mi	22.3% (±20.9 points)	Not measurably different
Long Lake Township	7.7 mi	1.4% (±2.2 points)	Lower
Blair Township	8.8 mi	0.0% (±7.3 points)	Lower

Nearby places with a measurably lower figure: Long Lake Township, MI (1.4%), Blair Township, MI (0.0%).

Nearby places with a measurably higher figure: East Bay Township, MI (31.0%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Grand Traverse County, place by place

Rank	Place	Rental vacancy rate
1	Union Township (Grand Traverse County)	54.5% (±53.2 points)
2	East Bay Township	31.0% (±13.6 points)
3	Acme Township	22.3% (±20.9 points)
4	Traverse City	10.4% (±5.2 points)
5	Green Lake Township	8.5% (±10.8 points)
6	Garfield Charter Township	7.6% (±4.5 points)
7	Grant Township (Grand Traverse County)	6.5% (±14.1 points)
8	Paradise Township	2.4% (±3.5 points)
9	Long Lake Township	1.4% (±2.2 points)
10 (tie)	Blair Township	0.0% (±7.3 points)

Showing 10 of 14 places in Grand Traverse 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.

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Questions about Traverse City

Is it hard to find a rental in Traverse City?

The rental vacancy rate in Traverse City, MI is 10.4% (±5.2 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Traverse City tighter than it was?

In Traverse City, the rental vacancy rate went from 4.7% in 2015–2019 to 10.4% in 2020–2024 (+5.7 percentage points), not a measurable change.

How many homes are vacant in Traverse City?

An estimated 1,288 (±311) housing units, 15.2% of the total, including seasonal homes and homes waiting to be sold or rented.

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) for Traverse City city, Michigan (place:80340, in state:26).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

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.