Safe Rate Local

Bay

Learn about the people, housing, costs and businesses in Bay

Median Home$155,680
Median Rent$886/month
Population103,008
Leading IndustriesRetail · Public Administration17% retail
Home Value Growth⬆⬆+17.8% over 2 years
Retirees22% of residentsabove average nationally
Homeowners77% of occupied units
NotableAffordable Market$156k median home · lower cost than 94% of the country
NotableVeteran Community8% of residents · top 28% nationally
Bay City

Explore Bay City

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Bay?›

Mortgage rates for Bay are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Bay
What is the median home price in Bay?›

The median home value in Bay is $156k. The median monthly rent is $886. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bay?›

Home values in Bay have increased 17.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bay?›

Based on a typical all-in ownership cost of $847/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bay is $65k/year.

Calculate your buying power
What industries drive the economy in Bay?›

The largest employment sectors in Bay are public administration (27%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.