Housing in Bay Mills

A typical Bay Mills home is worth roughly $166,000

Typical home value

$166K

MI $266K

Estimate

2-bedroom rent

$990

a month, utilities in · HUD

Median tax bill

$2,390

MI $2,904

What kind of housing town is Bay Mills?

Read from the numbers below. The page puts what stands out first.

Your money goes further38% below the Michigan typical home.A second-home town32% of homes are seasonal or vacation homes.

★ What stands out · Affordability

A typical home costs 2.7 years of income

Less than across Michigan (3.7 years). Try your own numbers below.

You could afford about

$221,000

Typical Bay Mills home $166K

That covers a typical Bay Mills home, with $55K to spare.

The typical home, each month

$1,070

Loan $820Tax $200Insurance $50

A two-bedroom rents for about $990 a month here, $80 less than owning.

Where your budget reaches nearby

Superior$160K Soo$241K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Bay Mills’s typical property tax (1.44% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

82% of Bay Mills households own their home

Half of Bay Mills’s homes were built before 1991.

Owners and renters

Own 82%Rent 18%

Michigan: 73% own.

1991

typical home built · MI 1972

$2,390

median property tax bill · MI $2,904

1.44%

of a home’s value, a year in tax · MI 1.25%

32%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Renting

A two-bedroom rents for about $990

Renters already here pay a median of $575, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$680

1 bedroom$770

2 bedrooms$990

3 bedrooms$1,190

4 bedrooms$1,320

18%

of households rent · MI 27%

139

renter households

18%

of renters spend 30%+ of income on rent · MI 50%

19%

of the median income, for a two-bedroom

$575

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Chippewa County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Bay Mills vs. its neighbors

Bay Mills is the 2nd least expensive of 3 neighboring towns. Tap one to see its housing page.

Soo$241K Bay Mills$166K Superior$160K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Bay Mills	$166K*	—	$990	$60,972
Superior	$160K*	—	$970	$72,750
Soo	$241K*	+3.6%†	$1,070	$79,107

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

On the market in Bay Mills

Listed in the past 60 days. Each opens on the listing site.

19469 MI 28Realtor.com · Sep 9 ↗

Neighbors talk housing

What Bay Mills buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Bay Mills still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.