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Bay County, MI

Bay City

RANK #4 / 996 NAT  ·  #1 / 36 MI  ·  POP 103,752

1YR FORECAST: +4.8%

5YR OUTLOOK: +47%

#1 Best for Investment #1 Best for Families #13 Best Rental Yield
Our model projects Bay County's housing market to grow +4.8% over the next year, significantly outpacing the national average.

[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] Top Employers

  1. 1
    McLaren Bay Region Healthcare
  2. 2
    McDonald's Hospitality
  3. 3
    Fabiano Brothers Logistics
  4. 4
    Meijer Retail
  5. 5
    Michigan Sugar Company Manufacturing
  6. 6
    Walmart Retail
  7. 7
    The Carriage House Companies Inc. Other
  8. 8
    Bay Human Services Healthcare
  9. 9
    S.C. Johnson & Son, Inc. Manufacturing
  10. 10
    Menards Retail

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
20.1%
of residents (national avg: 33%)

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 →

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.1
per 100K · nat avg 6.3
Firearm Fatalities
10.5
per 100K · nat avg 14.8
Injury Deaths
85.0
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B+
AIR QUALITY
GRADE
Median AQI (3yr)
34.0
Good
Good Air Days
75%
806 of 1,080 days
Unhealthy+ Days (3yr)
6
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
28
2022
32
2023
42
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] Frequently Asked Questions

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

Bay County ranks #4 out of 996 U.S. counties on the Boom Town Index with a score of 100/100, placing it in the top tier nationally. Median household income is $57,887 and the underlying growth metrics (housing, migration, income) hold up against peer counties.

Is Bay County affordable?

By national standards, Bay County is quite affordable. Homes here have a median value of $125,000, and the income-to-home-value ratio of 0.46 is well above the U.S. average — especially with median rent at just $786/month. Residents can generally buy a home without being cost-burdened.

Is Bay County growing or shrinking?

Population and employment in Bay County are both close to flat — population -0.3% YoY and jobs +0.5%. Home values shifted +6.7% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Bay County?

There's a moderate stream of newcomers. About 3.17% of residents moved from another state, which is above average and suggests Bay County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Bay County?

Home values climbed +6.7% year-over-year, which is a solid pace of appreciation. The median home in Bay County is now valued at $125,000. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[09] Similar Counties by Size & Score

Calhoun County, MI 96 Montcalm County, MI 96 Isabella County, MI 95 Lenawee County, MI 94 Muskegon County, MI 94 Ionia County, MI 94 Allen County, OH 100 Orange County, TX 100