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Bay County Housing Market

Michigan · 83 counties · Ranked #879 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$135,100

vs national$135,100 vs $281,900 national

Median Gross Rent

$809/mo

vs national$809 vs $1,163 national

Effective Tax Rate

1.63%

vs national+1.63% vs 1.02% national

Median Household Income

$60,523

vs national$60,523 vs $74,755 national

Affordability Ratio

2.2x

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

Rent Burden

27.0%

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

More Housing Data

Property Tax (Median)

$2,205

Tax as % of Home Value

1.63%

Monthly Owner Cost

$825

Renter Income

$34,270

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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 $135,100. This is below the national median of $281,900.

How much is rent in Bay County?

The median gross rent in Bay County is $809 per month.

What is the property tax rate in Bay County?

The effective property tax rate in Bay County is 1.63%. The median annual property tax bill is $2,205.

Is Bay County affordable?

With a home-value-to-income ratio of 2.2x, Bay County is considered 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.