Bay City, MI housing market
Typical home value
$126K
▲ 5.2% 1 yr
Typical rent
$968/mo
▲ 3.2% 1 yr
Gross rent yield
9.2%
U.S. 6.3%
5-year home value change
+34%
U.S. +20%
Key takeaways
- 1The typical home in Bay City is worth $125,613, up 5.2% over the past year and up 34% over five years.
- 2Typical rent is $968 a month (+3.2% YoY), a gross rent yield of 9.2% (above the Bay City, MI metro's 6.6%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $690/mo, $278 less than typical rent.
- 4Zillow forecasts the Bay City, MI metro's home values to change +4.8% over the next 12 months.
Market temperature (Bay City, MI metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 43/100, #236 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Bay City compares
| Measure | Bay City | Bay City, MI metro | United States |
|---|---|---|---|
| Typical home value | $125,613 | $186,132 | $366,157 |
| Home value, 1-yr change | +5.2% | +6.5% | +1.2% |
| Typical rent | $968 | $1,018 | $1,932 |
| Rent, 1-yr change | +3.2% | +2.5% | +2.7% |
| Gross rent yield | 9.2% | 6.6% | 6.3% |
| Price-to-rent ratio | 10.8 | 15.2 | 15.8 |
| Mortgage P&I, typical home | $690 | $1,023 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Bay City rental, pre-filled.
Rent vs buy in Bay City
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $126K home.
Landlord in Michigan? See Michigan deposit, late fee and notice rules.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.