Bay Mills, MI is a great place to buy a house with its median value of $167,800. Compared to the US house median value of $338,100, Bay Mills offers much more affordable options for potential homeowners. Not only are the prices lower, but the 1 year house appreciation in Bay Mills is 16.52%, which is significantly higher than the 8.27% 1 year appreciation rate of houses in the US. Therefore, for those who want to invest in property and benefit from rising housing values, Bay Mills offers an attractive option.
The median home cost in Bay Mills is $167,800. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Bay Mills is up 21.4%.
Average Age of Homes
- The median age of Bay Mills real estate is 26 years old
The Rental Market in Bay Mills
- Renters make up 14.6% of the Bay Mills population
- 0.3% of houses and apartments in Bay Mills, 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.