Bay City Metro Area, MI Housing

Bay City, MI Metro Area is a great place to invest in property. The median value of housing in the area is $134,600, which is significantly lower than the US median house value of $338,100. Furthermore, the one year appreciation rate for homes in Bay City is 14.19%, higher than the US average of 8.27%. This makes Bay City an attractive option for people looking to invest in property and enjoy a good return on their investment.

The median home cost in Bay City Metro Area is $134,600. Home appreciation the last 10 years has been 82.9%. Home Appreciation in Bay City Metro Area is up 15.0%.

Average Age of Homes

- The median age of Bay City Metro Area real estate is 56 years old

The Rental Market in Bay City Metro Area

- Renters make up 19.9% of the Bay City Metro Area population
- 1.1% of houses and apartments in Bay City Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Bay City, Michigan	United States
	48,552.0	139,647,020.0
	60	42
	$134,600	$338,100
	15.0%	16.6%
	61.1%	57.0%
	82.9%	101.1%
	$17.73	$10.98
	$1,952	$2,690
	70.2%	57.4%
	7.3%	11.2%
	22.5%	31.4%
Vacant Housing
	1.1%	1.9%
	0.4%	0.4%
	0.7%	0.7%
	3.0%	0.4%
	1.1%	3.6%
	1.1%	4.1%
Value of Owner-Occupied Housing
	4.4%	2.6%
	4.3%	2.4%
	8.3%	2.8%
	12.5%	3.9%
	15.2%	4.5%
	21.6%	11.3%
	16.2%	13.0%
	12.2%	20.1%
	3.3%	13.6%
	1.0%	8.3%
	0.5%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.4%	13.6%
	6.4%	13.6%
	8.4%	13.6%
	6.1%	13.2%
	16.1%	14.8%
	8.4%	13.6%
	15.7%	10.0%
	8.8%	4.7%
	24.9%	12.2%

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