Bay City, MI is a great place to invest in housing. On average, the median value of housing in Bay City is $92,600 which is significantly lower than the US house median value of $338,100. In addition, the 1 year house appreciation rate in Bay City is currently 9.81%, much higher than the national average of 8.27%. This makes it an ideal place for potential homeowners and investors alike to get more bang for their buck and take advantage of a rapidly growing housing market.
The median home cost in Bay City is $92,600. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Bay City is up 14.8%.
Average Age of Homes
- The median age of Bay City real estate is 74 years old
The Rental Market in Bay City
- Renters make up 27.3% of the Bay City population
- 2.4% of houses and apartments in Bay City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.