Bay City, MI

Population: 34,424
Average annual home appreciation rate: 0.59%
Total of homes for sale in this market: 29
Median home price: $69,166
Median Rent: 5.92%
Home price range: 56.47% of homes are between $50,001 – $100,000
Median sales price: $62,000
Number of homes: 150
Median foreclosure sales price: $43,636
Foreclosure discount: 30%
Most common home type: 74.68% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 10.23%
Number of renters: 31.30%
Number of owner occupied: 68.70%
Number people living below poverty level: 22.45%
Unemployment rate: 8.30%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Bay City area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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