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.