What HUD offices serve Grand Traverse County, Michigan?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Grand Traverse County.
How many renters live in Grand Traverse County, Michigan?
The County of Grand Traverse County has 96,464 people living in 39,581 households.
There are 20,395 renters living in 9,179 renter households in this County. Renters make up 21.14 percent of the population living in Grand Traverse County.
What is the rental market like in Grand Traverse County, Michigan?
There are an estimated 45,840 housing units in the Grand Traverse County area. Of these, 10,253 units are rental homes, making up 22 percent of the housing market. For every renter household in Grand Traverse County, Michigan, there are 1 rental units.
What is the vacancy rate for rentals in Grand Traverse County?
The rental vacancy rate in Grand Traverse County is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Grand Traverse County for each bedroom size?
Occupied Rental Units by Size in Grand Traverse County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 167 | 2,541 | 3,740 | 2,229 | 460 |
Occupied Rental Units by Size in Grand Traverse County
A large number of apartments in Grand Traverse County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Grand Traverse County are overburdened by housing costs?
Among renter households in this market, 41 percent have housing cost burden. Further, 21 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Grand Traverse County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,044 to $1,641. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,044 |
| One BR | $1,061 |
| Two BR | $1,232 |
| Three BR | $1,490 |
| Four BR | $1,641 |
2024 Fair Market Rents in Grand Traverse County, Michigan
How many units are rented at Fair Market Rent (FMR) in Grand Traverse County?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 96 | 57 percent |
| One BR | 1,404 | 55 percent |
| Two BR | 1,971 | 53 percent |
Rental Units Below FMR in Grand Traverse County, Michigan
How many affordable rental units are in Grand Traverse County?
There are a variety of federal affordable housing programs serving households in Grand Traverse County, Michigan including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 771 |
| Section 8 Project-Based Rental Assistance | 178 |
| USDA Section 515 Rural Rental Housing | 373 |
| USDA Section 514 Farm Labor Housing | 1 |
Tracked Units by Federal Program in Grand Traverse County, Michigan
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Grand Traverse County, Michigan
Grand Traverse County features 787 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Grand Traverse County, Michigan
There are 534 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grand Traverse County.
Housing Choice Vouchers in Grand Traverse County, Michigan
On average, Section 8 Housing Choice vouchers pay Grand Traverse County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Grand Traverse County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Grand Traverse County, Michigan for a two-bedroom apartment is between $1,109 and $1,355.
Sourced from federal housing data and AffordableHousingOnline.com research.
