Bay City
Michigan · Ranked #13 of 373 metros
93Affordable
💡
Housing in Bay City costs 2.66× the median income, below the national average of 4.5×. The median home price is $156K and median rent is $811/month. Bay City ranks #13 of 373 metros for affordability.
Median Home Price
🏠$156K
Need $46K income
Median Rent
🔑$811
Need $32K income
Building Permits
🔨35
annual
Median Income
💰$59K
Pop: 112,375
Rent Burden
⚠️23.0%
of renters paying >30%
Homeownership
🏡78.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Bay City | National |
|---|---|---|
| Price-to-Income Ratio | 2.66x | 6.1x |
| Rent Burden | 23.0% | 31.5% |
| Homeownership Rate | 78.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +78.5%Since 2000: +99.8%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$809/mo
1 Bedroom$814/mo
2 Bedroom$1,030/mo
3 Bedroom$1,399/mo
4 Bedroom$1,518/mo
Zillow Market Data
Home Value (ZHVI)
$176K
1yr: +6.7%5yr: +43.7%
Rent (ZORI)
$1,277/mo
1yr: +5.0%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$287K
Active Inventory
265
Days on Market
134
Sold Above List
6.3%
Price Drops
24.9%