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ZIP Code · MI

ZIP 49684

Pop. 21,585·Grand Traverse County·28th most expensive ZIP in Michigan
Median rent (all units)
$1,877/mo
Year-over-Year
+1.7%
Month-over-Month
-8.5%
vs US Median
-$85
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 49684 · $1,877
More expensive than 53% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,120
1 BR
$1,190
2 BR
$1,380
3 BR
$1,750
4 BR+
$1,830
Research median
$1,380/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$22,524/yr
At $1,877/mo median
Location
StateMI
CountyGrand Traverse County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 1.7% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+1.7% YoY, -8.5% MoM), not inventory.
Demographics

Who lives here

ZIP 49684 (Traverse City, MI) is majority owner-occupied, has a large retiree population, 47.3% of residents hold a bachelor's degree or higher.

Population
21,585
Median income
$80,788
Median age
48.7
Renters
30.7%
Age distribution
17.5%
17.8%
23.1%
13.8%
27.8%
Under 1817.5%
18–3417.8%
35–5423.1%
55–6413.8%
65+27.8%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
91.2%
White91.2%
Black0.6%
Hispanic3.6%
Asian0.7%
Other4%
Education (25+)
18%
31.6%
47.3%
No HS diploma3.1%
HS diploma18%
Some college31.6%
Bachelor's+47.3%
Housing tenure
69.3%
30.7%
Owner69.3%
Renter30.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 49684 in Traverse City, MI has changed in 5 years

Income
$65,667 → $80,788
up 23.0%
Population
21,388 → 21,585
up 0.9%
Renter share
33.5% → 30.7%
-2.8 pts
Bachelor's+
44.4% → 47.3%
+2.9 pts
Median age
45.9 → 48.7
+2.8 yrs

Median household income grew from $65,667 to $80,788 between 2021 and 2024, a 23.0% shift. About 30.7% of households rent today, against 33.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 44.4% to 47.3%.

Community

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Local insights

Tips for renters in ZIP 49684

About renting in ZIP 49684

Last updated: August 17, 2026

ZIP code 49684 covers Traverse City, MI. The median rent here is $1,877/mo as of August 2026. A 1-bedroom rents for a median of $1,190/mo. A 2-bedroom rents for a median of $1,380/mo.

At 28% of local median household income ($80,788/yr), ZIP 49684 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 49684?

As of August 17, 2026, the median monthly rent in ZIP 49684 (Traverse City, MI) is $1,877. This is based on aggregated data from public sources and community submissions.

How does ZIP 49684 rent compare to the US average?

ZIP 49684's median rent of $1,877/mo is $85 (4%) below the US national median of $1,962/mo.

How does ZIP 49684 compare to other ZIPs in Michigan?

ZIP 49684 is one of the pricier ZIP codes in Michigan, ranking #28 out of 170 ZIPs tracked at $1,877/mo.

How much income do you need to rent in ZIP 49684?

To keep rent at or below 30% of gross income, you would need to earn at least $75,000/year (~$36/hour full-time) to afford the median rent of $1,877/mo in ZIP 49684. The local median household income is $80,788/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 49684?

Rent in ZIP 49684 has increased 1.7% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 49684 an affordable place to rent?

ZIP 49684 is considered affordable for renters. At $1,877/mo, rent takes approximately 28% of the local median household income ($80,788/yr). The standard benchmark is 30%. ZIP 49684 falls comfortably within that range.

What percentage of ZIP 49684 residents rent vs. own?

According to Census data, approximately 30.7% of ZIP 49684 households are renters, while 69.3% are owner-occupied. ZIP 49684 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 49684 compare to the rest of Traverse City?

ZIP 49684 is more affordable than Traverse City overall. At $1,877/mo, it's $46 below the Traverse City citywide median of $1,923/mo.

When was rent data for ZIP 49684 last updated?

Rent data for ZIP 49684 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $1,877/mo, rent takes ~28% of ZIP 49684's median household income ($80,788/yr). The standard benchmark is 30%.

ZIP 49684 28%Benchmark 30%
State income tax4.25%
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