$300,000
1 bd1 ba700 sqft
143 E 8th St #6
Downtown, MI Housing Market
$455,960
1.1% 1-yrThe average Downtown, MI home value is $455,960, up 1.1% over the past year. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Downtown Key Takeaways
Typical Home Values: $455,960
1-Year Value Change: +1.1%
(Data through August 31, 2026)
Downtown Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 53 ()
New Listings: 16 ()
Median Sale to List Ratio: --
Median Sale Price: --
Median List Price: $793,800 ()
Percent of Sales Over List Price: --
Percent of Sales Under List Price: --
Median Days to Pending: --
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Neighborhoods
- NameMedian ZHVI
- Boardman$649,155
- Old Towne$495,231
- Central$534,824
- Oak Park$462,770
- Kids Creek$472,363
- Traverse Heights$332,049
- Slab Town$602,136
- Greilickville$512,410
- Chums Corner$417,327
Move forward with a local partner
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact on your credit score.
An equal housing lender. NMLS #10287.
Downtown Rental Market Trends
Average Rent: --
National Average Rent: $1,948 ()
Month-Over-Month Change: --
Year-Over-Year Change: --
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are the most expensive neighborhoods in Traverse City, MI?
The neighborhoods with the highest median home values in Traverse City, MI include: Boardman ($637,668), Slab Town ($609,885), Central ($540,954), Greilickville ($514,257), Old Towne ($497,170).
What are the most affordable neighborhoods in Traverse City, MI?
The neighborhoods with the lowest median home values in Traverse City, MI include: Traverse Heights ($337,388), Chums Corner ($415,546), Downtown ($458,418), Oak Park ($466,938), Kids Creek ($487,929).
Which Traverse City, MI neighborhoods have the fastest growing home values?
Neighborhoods with the highest year-over-year value growth in Traverse City, MI include: Chums Corner (2.8%), Boardman (2.6%), Greilickville (2.4%), Slab Town (1.2%), Downtown (0.3%).
