Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Big Bay area can be challenging. Home prices in Big Bay are now at a median cost of $144,400, lower than the Michigan average of $196,062.
The average cost of rent is $802/mo in Big Bay, primarily driven by the current value of real estate in the Big Bay area. While nearly 71.09% of residents own their homes outright in Big Bay, 11.37% rent.
Housing affordability isn’t just about home prices, though. The average household income in Big Bay is $3,449 per month. Households that rent pay about 23.26% of their income on rent here. Big Bay's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Huron Mountain, MI: equally priced homes
- Buckroe, MI: equally priced homes
- National Mine, MI: higher priced homes
- North Lake, MI: equally priced homes
- Trowbridge Park, MI: higher priced homes
- Negaunee, MI: higher priced homes
- Diorite, MI: equally priced homes
- Ishpeming, MI: less expensive homes
- Champion, MI: equally priced homes
- Skanee, MI: less expensive homes
Cities with Similar Populations
- Falling Spring, VA: equally priced homes
- Macon, MI: higher priced homes
- Kelvin, ND: equally priced homes
- Elliott, MS: equally priced homes
- Rest Haven, GA: higher priced homes
- Emerson, NY: less expensive homes
- Enon Grove, GA: equally priced homes
- Junction City, LA: less expensive homes
- Reedville, TX: less expensive homes
- Ernest, PA: equally priced homes
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