ZIP Code 49684 — Traverse City, MI Home Prices (2026)
The typical home in ZIP 49684 (Traverse City, Michigan) is worth about $493,000 at roughly $382 per square foot — 11% more expensive than the Traverse City median and 68% more expensive than the typical U.S. home.
How 49684 compares
ZIP 49684 is one of the pricier ZIP codes in Traverse City: its typical home value of $493,000 ranks #1 of the 4 Traverse City ZIP codes we track (the citywide range runs from $406,000 in 49686 to $493,000 in 49684). Per square foot it costs about $382, against $315 for Traverse City as a whole, $190 for Michigan, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 49684 | $493,000 | $382 |
| Traverse City, MI | $444,000 | $315 |
| Michigan | $251,000 | $190 |
| United States | $294,000 | $195 |
Home value by size in 49684
Using this ZIP’s rate of about $382 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $382,000 |
| 1,500 sq ft | $573,000 |
| 2,000 sq ft | $764,000 |
| 2,500 sq ft | $955,000 |
| 3,000 sq ft | $1,146,000 |
Salary needed to buy a home in ZIP 49684
To buy the typical $493,000 home in ZIP 49684 with 20% down, you need a household income of roughly $134,000 a year (about $3,130 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $159,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $24,700 | $3,890/mo | $167,000/yr |
| 10% (+PMI) | $49,300 | $3,720/mo | $159,000/yr |
| 20% | $98,600 | $3,130/mo | $134,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 49684
At about $382 per square foot, here is roughly how much home different budgets get you in ZIP 49684:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $250k | 650 sq ft | below the local median — condos, smaller or older homes |
| $300k | 790 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1050 sq ft | around the typical home here |
| $500k | 1310 sq ft | around the typical home here |
| $600k | 1570 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 49684 home.
Estimate a specific home in 49684
The estimator below is pre-set to ZIP 49684 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Traverse City ZIP codes by home value
Where 49684 sits among Traverse City’s 4 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 49684 (this page) | $493,000 | $382 |
| 2 | 49696 | $448,000 | $304 |
| 3 | 49685 | $440,000 | $294 |
| 4 | 49686 | $406,000 | $326 |
ZIP 49684 home prices: frequently asked
What is the average home price in ZIP code 49684? +
What is the price per square foot in 49684? +
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Is 49684 an expensive ZIP code? +
See the full Traverse City home values page, all Michigan cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.