What is all the buzz about Traverse City and northern Michigan? For those who have been Michigan life-long residents you have heard the stories, seen and heard the “Pure Michigan” TV and radio ads with their invitation to visit the Northland.
When you think about it and look closely, Michigan’s northern regions and the Grand Traverse Bay area, in particular, have something to offer everyone: from small town charm to the quiet of the woods to the lakes that surround it.
Why move to Traverse City?
In 2015, Traverse City was named one of the best small towns in America. If small city life is your desire, the opportunity to walk to stores, to restaurants, to safely ride your bike on city streets and paths — you have that option in Traverse City.
Within a few miles of Traverse City, the Cherry Capital of America, you’ll find some of the best agricultural and sports fishing areas: from growing cherries and grapes, touring some of the best wineries in the Midwest, to fishing in the inland lakes, or out on the “Big Lake,” fishing in one of the five Great Lakes. It’s all within an easy drive.
If you are looking to relocate, Traverse City may be the place for you. Tired of big city life? But you want to be in an area that offers top amenities: art and cultural opportunities, good schools, and top medical facilities. Traverse City may be your bet.
One of the benefits of Traverse City is that there is very little traffic. The average commute to work is 15 minutes, which is substantially less than the national average. Not only does this mean that the drive to work is less aggravating, but noise and pollution levels are lower as a result.
Traverse City is one of the most well-educated cities in the nation. A little over 40 percent of adults in Traverse City have at least a bachelor's degree. Compare that to the average community in America, at a little over 20 percent with a bachelor's degree or higher.
Traverse City is wealthy relative to Michigan, and upper-middle income, relative to the rest of the U.S. The annual income for Traverse City is over $125,000 for a family of four.
Finding a House in Traverse City
While Traverse City real estate is some of the most expensive in Michigan, its house and property values don't compare to the most expensive real estate in the U.S. With a population of 15,218 people and 11 constituent neighborhoods, Traverse City is the 82nd largest community in Michigan. It has an unusually large stock of pre-World War II architecture, making it one of the older and more historic cities.
When looking to finance your new home, Honor Bank, a locally focused community bank can provide the financial services you will need to buy and close the deal. Experience the charm of Traverse City’s neighborhoods…and the expertise of working with Honor Bank, a Traverse City bank, that understands the northern lure. Get your preapproval in 30 minutes with the Buyer’s Edge at Honor Bank today!
* Final loan approval is contingent on property appraisal, clearance of title and confirmation of current loan application information.