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Bay County Housing Market

Florida · 67 counties · Ranked #2532 in home value

Below National Avg

Housing at a Glance

Median Home Value

$276,900

vs national$276,900 vs $281,900 national

Median Gross Rent

$1,424/mo

vs national+$1,424 vs $1,163 national

Effective Tax Rate

0.60%

vs national0.60% vs 1.02% national

Median Household Income

$70,188

vs national$70,188 vs $74,755 national

Affordability Ratio

3.9x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

32.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,653

Tax as % of Home Value

0.60%

Monthly Owner Cost

$1,155

Renter Income

$52,839

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Bay County?

The median home value in Bay County is $276,900. This is below the national median of $281,900.

How much is rent in Bay County?

The median gross rent in Bay County is $1,424 per month.

What is the property tax rate in Bay County?

The effective property tax rate in Bay County is 0.60%. The median annual property tax bill is $1,653.

Is Bay County affordable?

With a home-value-to-income ratio of 3.9x, Bay County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.