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Affordable
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These days, finding an affordable place to live in the Bay Shore area can be challenging. Home prices in Bay Shore are now at a median cost of $370,062, higher than the Michigan average of $250,415.
The average cost of rent is $969/mo in Bay Shore, primarily driven by the current value of real estate in the Bay Shore area. In Bay Shore, 21.01% of households rent, and 51.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bay Shore is $6,802 per month. Households that rent pay about 14.25% of their income on rent here. Bay Shore’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Zenith Heights, MI: equally priced homes
- Burgess, MI: less expensive homes
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- Charlevoix, MI: less expensive homes
- Ironton, MI: equally priced homes
- Clarion, MI: less expensive homes
- Harbor Springs, MI: equally priced homes
- Walloon Lake, MI: less expensive homes
- Boyne City, MI: less expensive homes
Cities with Similar Populations
- Smith Mills, KY: less expensive homes
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- Portage, ME: less expensive homes
- Tooley Corners, PA: less expensive homes
- Highland Spring, KY: less expensive homes
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