Why Live in Bay City
Bay City, Michigan, is a small waterfront community situated along the Saginaw River, offering a blend of suburban living and scenic parks. Residents enjoy a variety of things to do, with locally owned restaurants, breweries, and affordable housing options. Homes are predominantly cottages, foursquares, and ranch styles, reflecting Midwest influences, and are attractively priced for first-time buyers. The city features neatly gridded residential streets, with many homes located near the riverside. Recreational spaces like Veterans Memorial Park provide baseball diamonds, tennis courts, and playgrounds, while Wenonah Park hosts an outdoor amphitheater. Summertime in downtown Bay City is lively, with events such as the Wednesdays in the Park Summer Concert Series and local business gatherings like Riverfront Grille’s Party on the Patio. Dining options are abundant along Washington Avenue, with bistros, grills, pubs, and upscale venues like Prost Wine Bar & Charcuterie. The city is compact, making commutes swift, whether driving or using the Bay Metro Transportation Authority's routes. The McLaren Bay Region General Hospital is conveniently located near downtown, and MBS International Airport is 11 miles southwest. The Bay City School District has a slightly higher student-to-teacher ratio than the national average and offers local higher education opportunities at Delta College and Saginaw Valley State University. Past environmental cleanup efforts have improved water quality along the river and bay.
Frequently Asked Questions
What is the average home price in Bay City, MI?
Homes for sale in Bay City, MI have an average home price of $275,708.
Are home prices dropping in Bay City?
Yes, home prices in Bay City are down 13% in the last 12 months.
How many homes have sold over the last 12 months in Bay City, MI?
78 homes have sold in Bay City, MI over the last 12 months.
What are the most popular zip codes in Bay City, MI?
How much do you need to make to afford a house in Bay City?
The median home price in Bay City is $269,000. If you put a 20% down payment of $53,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,390 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $60K a year to afford the median home price in Bay City.
How are the schools in Bay City, MI?
Home Trends in Bay City, MI
On average, homes in Bay City, MI sell after 34 days on the market compared to the national average of 70 days. The median sale price for homes in Bay City, MI over the last 12 months is $228,000, up 17% from the median home sale price over the previous 12 months.
Median Sale Price
$228,000
Median Single Family Sale Price
$270,000
Median 2 Bedroom Sale Price
$289,950
Median 1 Bedroom Sale Price
$228,000
Average Price Per Sq Ft
$176
Number of Homes for Sale
9
Last 12 months Home Sales
78
Median List Price
$269,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
17%