The housing market in Bay, MI is thriving. The median value of a house in the area is $423,900, much higher than the national median of $338,100. In addition, over the last year there has been an impressive 16.52% appreciation on houses in this area compared to the 8.27% average nationwide. This indicates that Bay, MI is an attractive place to invest in property and suggests a positive outlook for those looking to buy or sell property in the near future.
The median home cost in Bay is $423,900. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Bay is up 21.4%.
Average Age of Homes
- The median age of Bay real estate is 35 years old
The Rental Market in Bay
- Renters make up 1.9% of the Bay population
- 0.0% of houses and apartments in Bay, 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.