Bay City, MI Real Estate
According to census data in the year 2000 there were 16,259 housing units in Bay City.
This represents a 0.7% decline from 16,372 in 1990.
Of those housing units, 16,259 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Bay City is about 69.5%.
Bay City's vacancy rate, including seasonal lodging, is about 6.5%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Bay City were built after 1940.
|Housing Units by Size|
|Five Bedrooms or more||2.40%|
Owned Homes, Apartments and Condos
|Average Household Size||2.5|
|Median year structure was built||1939|
|Median Value of occupied units||$65,700|
|Median Price asked for vacant units||$51,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.11|
|Median year structure was built||1946|
|Median Monthly Rent asked for vacant units||$389|
Owners Finance Status
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||6%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16.8%|