- 1 bd
- 1 ba
- 832 sqft

The average Central, MI home value is $534,824, up 0.1% over the past year. (Updated on )
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Typical Home Values: $534,824
1-Year Value Change: +0.1%
(Data through August 31, 2026)
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
The neighborhoods with the highest median home values in Traverse City, MI include: Boardman ($649,155), Slab Town ($602,136), Central ($534,824), Greilickville ($512,410), Old Towne ($495,231).
The neighborhoods with the lowest median home values in Traverse City, MI include: Traverse Heights ($332,049), Chums Corner ($417,327), Downtown ($455,960), Oak Park ($462,770), Kids Creek ($472,363).
Neighborhoods with the highest year-over-year value growth in Traverse City, MI include: Greilickville (3.7%), Slab Town (3.2%), Boardman (3.1%), Old Towne (2.6%), Chums Corner (2.3%).