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According to statistics, the population in Bay City, MI amounts to 33,736, which shows decline -1% compared to the previous year. The median age of the city’s residents is 37. The average household income is $36,263, shifting growth 6% from the past year, and the average property value in Bay City, MI decline 1% to $67,100 throughout the year.
|Number Of Employees||14,504|
|Median Property Value||$67,100|
The average household income in Bay City, MI grew from $34,102 to $36,263 in the past year. This data is an estimate based upon 14,267 households in Bay City, MI . The chart below presents how household income is distributed in Bay City, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Bay City, MI shifted from $66,600 to $67,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in Bay City, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Bay City, MI properties falls in the '$60,000 to $69,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Bay City, MI compared to median property taxes around the country. The prevalent amount of property taxes in Bay City, MI equals $1150, which is less than the national average.
|Apartment Size||Jun||vs Last Month|
|2 bed apartments||$89,950||N/A|
|3 bed apartments||$71,633||-14.7%|
|4+ bed apartments||$79,600||-67.5%|
During Jun 2021, the average price for an apartment in/near Bay City, MI decreased by 32.4% to $76,185.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $89,950. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $71,633. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $79,600 for a big-family home.
|Listing Type||Jun||vs Last Month|
|Apartments for sale||$76,185||-32.4%|
While assessing the property pricing Bay City, MI, you can note that it remains flat with a price tag of $76,185.
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