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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 15.90% |
| Two Bedrooms | 28% |
| Three Bedrooms | 35.60% |
| Four Bedrooms | 16.70% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 4% |
| Home Equity Loan | 6% |
| Simple Mortgage | 47.10% |
| Debt Free | 42.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
