Bay City, MI home prices
Typical home $186,132 · +6.5% in a year · income needed $56,800
The Bay City, MI metro area ranks 694 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +6.5% in a year and +36.6% over five years. With 20% down at 7.11%, the typical home costs about $1,326 a month including 1.49% property tax (Bay County rate).
Mortgage on the typical Bay City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $37,226 | $148,906 | $1,002 | $0 | $325 | $1,326 | $56,800 |
| 10% down | $18,613 | $167,519 | $1,127 | $70 | $325 | $1,521 | $65,200 |
| 5% down | $9,307 | $176,825 | $1,190 | $74 | $325 | $1,588 | $68,000 |
| 3.5% down (FHA) | $6,515 | $182,761 | $1,229 | $82 | $325 | $1,636 | $70,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.49% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Bay City area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Bay County, MI | $186,141 | +6.5% | 1.49% |
What can you afford in Michigan on your salary? · Michigan home prices · Salaries in Michigan
Frequently asked questions
How much is a house in Bay City?
The typical home in the Bay City, MI metro area is worth $186,132 (Zillow, September 2026).
What salary do you need to buy a house in Bay City?
About $56,800 a year for the typical home with 20% down at 7.11%.