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Bay City city, MI

ZIP 48706 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48706

Median Home Value
$142,300
Median Rent
$717
Affordability Snapshot
$39,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$914/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48706 in Bay City city, MI, a household would need roughly $39,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $914. That sits below the local median household income ($61,908), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
77.3%+18% vs US avg
x
Vacancy Rate
7.3%-29% vs US avg
x
Broadband Access
90.2%+4% vs US avg
x
4+ Bedrooms
2.5%-83% vs US avg
x
Built Pre-1939
8.6%-33% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
23.9%-52% vs US avg
x
Mortgage-Free
48.0%+26% vs US avg
x
$142,300
Home Value
$717
Rent
1964
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached75.4%
  • 1-unit attached5.8%
  • 2-9 units6.3%
  • 10+ units7.4%
  • Mobile home & other5.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$142,300
Median rent$717
Owner-occupied77.3%
Vacant7.3%
Price-to-income2.3x
Est. income to buy$39,000