Special Interest
Housing in Traverse County
Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.
Rent in Traverse County averages $615/month for a 2‑bedroom in 2024, compared to the Minnesota median of $1,280 and the national median of $1,413. Local renters spend approximately 36% of household income on rent, above the national average of 32%.
HUD 2026 50th Percentile Rent Estimates for Traverse County FMR Area are $671 for a studio, $742 for 1‑bedroom, $973 for 2‑bedroom, $1,353 for 3‑bedroom, and $1,609 for 4‑bedroom.
HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $358 increase for a 2-bedroom in Traverse County shows a 58% rise over that period.
The U.S. Bureau of Labor Statistics annual unemployment rate for Traverse County was 2.7% in 2024, compared to Minnesota at 3.0% and the national rate of 4.0%.
