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Bay County, MI

RANK #35 / 996  ·  POP 103,752  ·  MI

PROJECTED GROWTH: +3.6%

Bay County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Bay County?

Bay County, Michigan, is distinguished by its position along the Saginaw Bay, an inlet of Lake Huron, offering 30 miles of shoreline and extensive water resources. Bay City, the county seat and largest community, sits on the Saginaw River, which flows into the bay. The county is located in Michigan's Lower Peninsula, approximately 90 miles north of Detroit. Commuting within Bay City averages under 20 minutes, shorter than the national average. Bay County provides access to outdoor recreation, including Bay City State Park with its beach and trails, Tobico Marsh, and the Saginaw Riverwalk.

Life in Bay County is characterized by a community-oriented atmosphere with a focus on outdoor activities. The public schools in Bay County are rated above average. Bay Metro Transit offers fixed-route bus services connecting Bay City, Essexville, Auburn, Linwood, Pinconning, and Midland, along with demand-response options. The economy, historically rooted in lumber and manufacturing, now includes diverse industries such as automotive, aerospace, healthcare, and tourism. Recent developments include new housing units in Bay City and investments expected to create hundreds of jobs.

[02] Market Snapshot

Housing Ratio
3.5x

Undervalued relative to economy

GDP Growth
+0.8%

Well below national median

Home Prices
+6.7%

Outpacing national median

Climate & Terrain
-1.5

Below-average climate & terrain

Price/Rent
8x

Strong rental yield

Housing looks undervalued at 3.5x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Bay County U.S. National

The Numbers

DEMOGRAPHICS
Population
103,752
-0.29% YoY
Median Household Income
$57,887
Median Home Value
$125,000
+6.74% 12mo
Median Rent
$786
Average Annual Pay
$54,617
+2.1% YoY
Employment
34,112
+0.5% YoY
Income-to-Home-Value
0.4631
More affordable than average
Migration Inflow
3.17%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$151,500
Days on Market
41
Moderate pace
Months of Supply
2.9
Seller's market
Sale-to-List Ratio
97.2%
Negotiation room for buyers
Sold Above List
27.4%
Listings w/ Price Drops
28.8%
Building Permits (2024)
35
Single-Family Permits
35

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth +0.8% 14 percentile
Population Growth -0.3% 16 percentile
Income Growth +10.2% 83 percentile
Vacancy Rate 0.8% 74 percentile
Home Price Change +6.7% 96 percentile
Rent Growth +5.0% 79 percentile
Price/Rent 8x 99 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Bay County, MI a good place to move to?

Bay County has a Boom Town Index score of 97/100, ranking #35 among 996 U.S. counties. With job growth at +0.5% and a median household income of $57,887, it's an above-average county on economic indicators.

Is Bay County affordable?

The median home value in Bay County is $125,000 with median rent at $786/month. The income-to-home-value ratio is 0.4631, which is more affordable than the national average.

Is Bay County growing or shrinking?

Population growth: -0.3% year-over-year. Job growth: +0.5%. Home values changed +6.7% in the past 12 months.

Are people moving to Bay County?

Yes — 3.17% of Bay County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Winnebago County, IL 100 Madison County, NY 100 Oswego County, NY 100 Valencia County, NM 100 Taylor County, TX 100 Allen County, OH 100 Newton County, MO 99 Dodge County, WI 99