1 waitlist is currently open in Traverse City, MI
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Fair Market Rent - Grand Traverse County, MI
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,044 |
| 1 Bedroom | $1,061 |
| 2 Bedroom | $1,232 |
| 3 Bedroom | $1,490 |
| 4 Bedroom | $1,641 |
Income Limits - Grand Traverse County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,850
- Very Low (50%)
- $29,750
- Low (80%)
- $47,600
- Extremely Low (30%)
- $20,400
- Very Low (50%)
- $34,000
- Low (80%)
- $54,400
- Extremely Low (30%)
- $22,950
- Very Low (50%)
- $38,250
- Low (80%)
- $61,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,500
- Low (80%)
- $68,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,900
- Low (80%)
- $73,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,300
- Low (80%)
- $78,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,700
- Low (80%)
- $84,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,100
- Low (80%)
- $89,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,850 | $29,750 | $47,600 |
| 2 Persons | $20,400 | $34,000 | $54,400 |
| 3 Persons | $22,950 | $38,250 | $61,200 |
| 4 Persons | $26,500 | $42,500 | $68,000 |
| 5 Persons | $31,040 | $45,900 | $73,450 |
| 6 Persons | $35,580 | $49,300 | $78,900 |
| 7 Persons | $40,120 | $52,700 | $84,350 |
| 8 Persons | $44,660 | $56,100 | $89,800 |
Frequently Asked Questions About Housing in Traverse City, MI
How many affordable housing options are in Traverse City, Michigan?+
There are 20 affordable housing properties in Traverse City, Michigan, including 19 Low-Income Housing Tax Credit (LIHTC), 1 housing authority listings. Browse the full list above to find options that fit your needs.
What is the average rent for affordable housing in Traverse City, Michigan?+
The Fair Market Rent for Grand Traverse County, Michigan is: Studio: $1044, 1BR: $1061, 2BR: $1232, 3BR: $1490. Subsidized housing typically charges tenants 30% of their adjusted gross income, which may be significantly less than FMR.
How do I apply for Section 8 housing in Traverse City, Michigan?+
To apply for Section 8 (Housing Choice Voucher) in Traverse City, Michigan, contact your local housing authority. You can browse the housing authority listings on this page to find contact information. Applications are typically accepted when the waitlist is open. Eligibility is based on income (generally below 50% of Area Median Income), family size, and citizenship status.
What are the income limits for affordable housing in Grand Traverse County, Michigan?+
For a 4-person household in Grand Traverse County, Michigan, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,500, Low Income (80% AMI): $68,000. Income limits vary by household size and are updated annually by HUD.
Are there open waitlists for affordable housing in Traverse City, Michigan?+
Yes, there are currently 1 housing authority with open waitlists in Traverse City, Michigan. Look for the "Waitlist Open" badge on listings above, or use the waitlist filter to find them quickly. Waitlist availability changes frequently, so apply as soon as possible.
What types of affordable housing are available in Traverse City, Michigan?+
Traverse City, Michigan has the following types of affordable housing: LIHTC properties (privately owned, tax-credit funded affordable apartments); Housing Authorities (administering Section 8 vouchers and public housing). Each program has different eligibility requirements and application processes.
What is the population of Traverse City, Michigan?+
Traverse City, Michigan has an estimated population of 15,525. With 20 affordable housing properties serving the area, there are housing assistance options available for eligible residents.