49685 — Traverse City, MI Home Values
Typical home value $440,891 as of June 2026 · 15th of 30 in Traverse City, MI
Blue: typical home value (Zillow ZHVI) in ZIP code 49685, June 2021 to June 2026. This page shows observed data only; no forecast.
How 49685 compares in the Traverse City, MI area
ZIP code 49685 (Traverse City, MI) has a typical home value of $440,891 as of June 2026, ranking 15th of 30 ZIP codes tracked in the Traverse City, MI area, more expensive than about 53% of ZIP codes in the metro. Prices here have moved +2.7% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +36.0%, from $324,107 in June 2021 to $440,891 in June 2026. Against observed rent, the typical home here sells for 20.6× the annual rent ($1,783/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Traverse City, MI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Traverse City.
Population and demographics
ZIP code 49685 has a population of 21,297, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 91.4% White, 3.4% two or more races, 2.6% Hispanic or Latino, 1.2% American Indian or Alaska Native, 0.7% Black or African American, and 0.7% Asian.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Silver Lake Elementary School | 5858 CULVER RD, TRAVERSE CITY, MI | 0.4 mi |
| Blair Elementary School | 1625 SAWYER RD, TRAVERSE CITY, MI | 2.9 mi |
| West Senior High | 5376 N LONG LAKE RD, TRAVERSE CITY, MI | 3.4 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 49685?
$440,891 as of June 2026, the latest month Zillow has published observed data for.
Is 49685 an expensive ZIP code in the Traverse City, MI area?
49685 ranks 15th of 30 ZIP codes in the Traverse City, MI area by typical home value, more expensive than about 53% of ZIP codes in the metro.
How much have home values in 49685 changed over the past year?
+2.7% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 49685?
The typical home price is 20.6× the observed annual rent in this ZIP code ($1,783/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 49685?
21,297, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 49685?
Silver Lake Elementary School (0.4 mi), Blair Elementary School (2.9 mi), West Senior High (3.4 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 49685?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Traverse City, MI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.