The housing market in the Bay City, TX Metro Area is performing particularly well compared to the US as a whole. The median value of houses in the region is $183,500 which is significantly less than the US median of $338,100. Additionally, the 1 year house appreciation in Bay City is 16.22%, which is much higher than the national rate of 8.27%. This strong performance suggests that Bay City has an active and robust housing market which should be attractive to prospective home buyers looking for good value for their money.
The median home cost in Bay City Metro Area is $183,500. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Bay City Metro Area is up 21.6%.
Average Age of Homes
- The median age of Bay City Metro Area real estate is 42 years old
The Rental Market in Bay City Metro Area
- Renters make up 22.1% of the Bay City Metro Area population
- 3.6% 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.