Real estate · Metro area · Michigan
Real estate agents and brokers in the Traverse City, MI metro area
How the Traverse City, MI metro area compares with other metro areas and the U.S. for real estate agents and brokers: competitors, household spending, official counts and growth.
Groundwork market score · out of 100
Score 24 out of 100: Low
Ranked #383 of 387 scored metro areas
#14 of 15 scored metro areas based in Michigan
- Listings
- 273
- 25 chain locations (9%)
- Official establishments
- 93
- +29.6% since 2019
- Household spending a year
- $941.5M
- On rent and homeowner costs · $14,390 a household
- Housing spending per listing (U.S. = 100)
- 63
- 37% below the U.S.
- Listings per 10k households
- 41.7
- 36% above the U.S.
- Population, 2025
- 156,972
- +2.2% since 2020
See the real estate agents and brokers around any address in the Traverse City metro area
The site report maps the real estate agents and brokers on map listings near the address, by name and distance, and sizes the households and spending around it. Or open the report at the center of the Traverse City metro area. Signed out, you see a blurred preview; on an account, each report is one action.
Free10 actions over 3 days, no cardSurvey estimates 2020–2024 · population estimates 2025 · official business counts 2023 · map listings September 2026 · Data credits · How we measure
What this means
The Groundwork market score for real estate agents and brokers in the Traverse City metro area is 24 (low), #383 of 387 scored metro areas and #14 of 15 scored metro areas based in Michigan. That puts it in the bottom quarter of metro areas.
Map listings as of September 2026 show 273 real estate agents and brokers in the Traverse City metro area. Of those, 25 are chain locations, or 9%, against 4% across the U.S. Per 10,000 households, that is 41.7, 36% above the U.S. rate of 30.6.
Households in the Traverse City metro area spend about $941.5M a year on rent and homeowner costs, or $14,390 per household, 14% below the U.S. average. Housing spending per office is 37% below the U.S. figure. That figure is all rent and homeowner costs, used as a measure of housing demand; it is not money real estate agents and brokers take in.
In 2023, official counts showed 93 businesses with payroll in the Traverse City metro area classed as offices of real estate agents and brokers, up 29.6% from 2019. That is one for every 704 households, against one for every 788 across the U.S. Since fiscal 2022, 3 SBA-backed loans worth $1.3M have gone to businesses classed as offices of real estate agents and brokers in the Traverse City metro area. Population estimates put the population change in the Traverse City metro area from 2020 to 2025 at +2.2%, slower than the U.S. (+3.1%).
How the Traverse City metro area compares
The same measures for Michigan and the whole U.S. Housing spending per listing divides all rent and homeowner costs by the listings counted: a measure of housing demand for each business, not money any of them take in, so it is shown against the U.S. (100) only. Households per establishment divides households by the official count.
| Measure | Traverse City metro area | Michigan | U.S. |
|---|---|---|---|
| Listings per 10k households | 41.7 | 24.6 | 30.6 |
| Housing spending per listing (U.S. = 100) | 63 | 104 | 100 |
| Households per official establishment | 704 | 1,600 | 788 |
| Official establishment growth, 2019–2023 | +29.6% | +14.3% | +20.1% |
| Population growth, 2020–2025 | +2.2% | +0.6% | +3.1% |
| Spending per household on rent and homeowner costs | $14,390 | $13,996 | $16,661 |
| Median household income | $80,889 | $72,875 | $80,734 |
| Groundwork market score | 24 | 47 |
Official counts and lending
Businesses
- Official establishments, 2019 to 2023
- 93+29.6% over the period
- Employees, 2023
- 178
- Annual payroll, 2023
- $13M
- One-person businesses, 2023
- Not publishedNot published for this business type
- Map listings, September 2026
- 27325 chain locations
- Listings at the U.S. rate for this spending
- 173The U.S. ratio of listings to household spending, applied here
SBA-backed loans since fiscal 2022
- Loans
- 3
- Amount
- $1.3M
SBA-backed loans to businesses classed as offices of real estate agents and brokers in the Traverse City metro area, through June 2026, placed by the borrower’s ZIP code. Official establishments are businesses with payroll; the official counts leave out places with fewer than 3.
Population and households in the Traverse City metro area
- Population, 2025 estimate
- 156,972+2.2% since 2020
- Households
- 65,429
- Median age
- 46.4
- Homes lived in by their owners
- 82%
- Vehicles per household
- 1.9
- Land area
- 1,691 sq. mi.
- People per square mile
- 92
- Median household income
- $80,889+32.6% vs. 2015–2019, before inflation
- Average household income
- $106,351
- Median home value
- $324,300
- Jobs located here
- 61,451
- Daytime population
- 155,130Residents who don’t work, plus everyone whose job is here
Looking at a specific site in the Traverse City metro area?
These figures cover the whole metro area. A site report draws rings around one address and counts what’s inside them: households, spending, jobs, and the real estate agents and brokers on map listings by name and distance.
Or open the report at the center of the Traverse City metro area. Signed out, you see a blurred preview; on an account, each report is one action.
Free10 actions over 3 days, no cardReal estate agents and brokers across Michigan
Every Michigan market ranked →The highest-scoring metro areas in Michigan for real estate agents and brokers, numbered among those based in Michigan (a market based in another state is listed without a number), with the Traverse City metro area marked.
Top metro areas in Michigan
| Market | Score | Listings | Per 10k households | Housing spending per listing (U.S. = 100) | Population growth | U.S. rank |
|---|---|---|---|---|---|---|
| 1Monroe, MI | 64 | 116 | 18.4 | 141 | +0.7% | #68 of 387 |
| 2Bay City, MI | 60 | 54 | 12.0 | 198 | −1.6% | #84 of 387 |
| 3Battle Creek, MI | 60 | 76 | 14.3 | 169 | −0.6% | #86 of 387 |
| South Bend-Mishawaka, IN-MI | 53 | 235 | 18.3 | 136 | +0.1% | #149 of 387 |
| 4Midland, MI | 53 | 82 | 23.4 | 113 | +0.3% | #154 of 387 |
| 5Muskegon-Norton Shores, MI | 52 | 138 | 20.4 | 117 | +1.8% | #165 of 387 |
| 6Saginaw, MI | 51 | 143 | 18.3 | 130 | −1.1% | #172 of 387 |
| 7Kalamazoo-Portage, MI | 49 | 256 | 23.9 | 107 | +0.8% | #188 of 387 |
| 8Lansing-East Lansing, MI | 48 | 403 | 20.8 | 122 | +1.4% | #196 of 387 |
| 9Ann Arbor, MI | 45 | 422 | 28.0 | 101 | −0.4% | #234 of 387 |
| 14Traverse City, MI | 24 | 273 | 41.7 | 63 | +2.2% | #383 of 387 |
Other business types in the Traverse City metro area
Each with its Groundwork market score here, out of 100, where it has one.
Food and drink
Groceries and convenience
Auto
Beauty and personal care
Fitness and classes
Health care
Child care
Clothing and laundry
Home services
Real estate
- Real estate25
- Real estate agents and brokers24
- Property management35
- Mortgage brokers and lenders51
- Home inspectors32
Funeral services
Questions
How many real estate agents and brokers are in the Traverse City, MI metro area?
There are 273 real estate agents and brokers on map listings in the Traverse City metro area as of September 2026. 25 of them (9%) are chain locations. The listings count real estate agents and brokerages, commercial brokers included. Official counts show 93 businesses with payroll classed as offices of real estate agents and brokers in 2023, up 29.6% from 2019.
How much do households in the Traverse City, MI metro area spend on rent and homeowner costs?
About $941.5M a year, or $14,390 per household. That is 14% below the U.S. average (an index of 86, where 100 is the U.S. average). For the 273 real estate agents and brokers on map listings, housing spending per office is 37% below the U.S. figure. The spending figure is all rent and homeowner costs, a measure of housing demand, not money real estate agents and brokers take in. It is estimated from the incomes of the 65,429 households in the Traverse City metro area and national spending patterns by income.
How does the Traverse City, MI metro area compare with the U.S. for real estate agents and brokers?
The Traverse City metro area has 41.7 real estate agents and brokers per 10,000 households, 36% above the U.S. rate of 30.6. The index of housing spending per office is 63, where 100 is the U.S. At the national ratio of real estate agents and brokers to household spending, the Traverse City metro area would have about 173, against 273 on map listings. There is one business with payroll in the industry for every 704 households, against one for every 788 across the U.S. The official count rose 29.6% from 2019 to 2023, against +20.1% for the U.S.
How fast is the Traverse City, MI metro area growing?
Population estimates put the Traverse City metro area at 156,972 people in 2025, up 2.2% since 2020, slower than the U.S. (+3.1%). It has 65,429 households. The median household income in the Traverse City metro area is $80,889 a year, in line with the U.S. median of $80,734. That rose 32.6% from the 2015–2019 survey, before inflation.
What is the Groundwork market score?
The Groundwork market score runs from 0 to 100 and compares a market with others of its kind for one business type: states with states, metro areas with metro areas, small-town markets and counties with their own. It weighs household spending per competitor (35%), households per business with payroll (25%), population growth (20%) and spending power (20%), each ranked against those peers. A higher score means that, taken together, the market has more household spending and more households for each business already there, faster population growth and more spending per household than similar markets. It describes a market, not any one site or deal. The Traverse City metro area scores 24 for real estate agents and brokers (low), #383 of 387 scored metro areas.
How can I see the market around a specific site?
Run a Groundwork site report on an address in the Traverse City metro area. It maps the real estate agents and brokers on map listings near the site and sizes the households and spending within the distance you choose. New accounts get 10 actions over 3 days, no card.
How the score works · Top markets for real estate agents and brokers · All 56 business types in the Traverse City metro area
Screening a site or an acquisition in the Traverse City metro area?
A site report maps the competitors on map listings near an address and sizes the households and spending around it.
The button opens the report at the center of the Traverse City metro area. Signed out, you see a blurred preview; on an account, each report is one action.
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are estimates for research only. Not investment or real estate advice.