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These days, finding an affordable place to live in the Bay City area can be challenging. Home prices in Bay City are now at a median cost of $143,761, lower than the Michigan average of $250,415.
The average cost of rent is $918/mo in Bay City, primarily driven by the current value of real estate in the Bay City area. In Bay City, 26.44% of households rent, and 47.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bay City is $5,037 per month. Households that rent pay about 18.23% of their income on rent here. Bay City’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Essexville, MI: higher priced homes
- Tobico Beach, MI: higher priced homes
- University Center, MI: higher priced homes
- Killarney Beach, MI: higher priced homes
- Kawkawlin, MI: higher priced homes
- Zilwaukee, MI: less expensive homes
- Munger, MI: equally priced homes
- Indiantown, MI: less expensive homes
- Auburn, MI: higher priced homes
- Quanicassee, MI: higher priced homes
Cities with Similar Populations
- Orland Park, IL: higher priced homes
- Lebanon, PA: higher priced homes
- San Clemente, CA: higher priced homes
- Niagara Falls, NY: equally priced homes
- Mechanicsville, VA: higher priced homes
- Martinsburg, WV: higher priced homes
- Pottstown, PA: higher priced homes
- Port Orange, FL: higher priced homes
- Moore, OK: higher priced homes
- Manhattan, KS: higher priced homes
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