Zip 48708 (Bay City, MI) Housing

The housing market in 48708 Bay City, MI is on the rise, with a median value of $98,900. This number is significantly lower than the US median value of $338,100. However, it makes up for this in appreciation rate - Bay City's 1 year house appreciation rate stands at 9.81%, higher than the nation's 8.27%. This demonstrates an increasingly attractive investment opportunity for those looking to invest in real estate in this region.

The median home cost in Bay City (zip 48708) is $98,900. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Bay City (zip 48708) is up 14.8%.

Average Age of Homes

- The median age of Bay City (zip 48708) real estate is 71 years old

The Rental Market in Bay City (zip 48708)

- Renters make up 27.2% of the Bay City (zip 48708) population
- 2.3% of houses and apartments in Bay City (zip 48708), 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
	12,514.0	139,647,020.0
	77	42
	$98,900	$338,100
	14.8%	16.6%
	62.1%	57.0%
	84.9%	101.1%
	$20.84	$10.98
	$1,709	$2,690
	60.8%	57.4%
	9.2%	11.2%
	30.0%	31.4%
Vacant Housing
	2.3%	1.9%
	0.2%	0.4%
	1.3%	0.7%
	3.5%	0.4%
	0.4%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	2.1%	2.6%
	7.9%	2.4%
	18.1%	2.8%
	19.2%	3.9%
	21.2%	4.5%
	14.5%	11.3%
	8.6%	13.0%
	6.1%	20.1%
	1.4%	13.6%
	0.3%	8.3%
	0.2%	9.7%
	0.3%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.2%	13.6%
	2.2%	13.6%
	2.8%	13.6%
	2.9%	13.2%
	8.1%	14.8%
	2.8%	13.6%
	18.1%	10.0%
	10.7%	4.7%
	45.9%	12.2%

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