A typical Dollar Bay home is worth about $188,000
Up 10.8% in a year, 29% below the Michigan typical home.
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
What kind of housing town is Dollar Bay?
Read from the numbers below. The page puts what stands out first.
Up 21.9% in five years
About the same pace as Michigan (24.1%).
Show as a table
| January | Dollar Bay | Michigan |
|---|---|---|
| 2017 | $119,000 | $144,000 |
| 2018 | $126,000 | $155,000 |
| 2019 | $128,000 | $165,000 |
| 2020 | $135,000 | $175,000 |
| 2021 | $135,000 | $194,000 |
| 2022 | $157,000 | $217,000 |
| 2023 | $175,000 | $230,000 |
| 2024 | $182,000 | $241,000 |
| 2025 | $177,000 | $253,000 |
| 2026 | $181,000 | $262,000 |
| August 2026 | $188,000 | $266,000 |
A typical Dollar Bay home worth $117K in September 2016 is worth about $188K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A typical home costs 3.1 years of income
Less than across Michigan (3.7 years). Try your own numbers below.
That covers a typical Dollar Bay home, with $45K to spare.
A two-bedroom rents for about $980 a month here, $170 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Dollar Bay’s typical property tax (1.04% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
89% of Dollar Bay households own their home
Half of Dollar Bay’s homes were built before 1970.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024.
A two-bedroom rents for about $980
Renters already here pay a median of $825, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Houghton County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Dollar Bay vs. its neighbors
Dollar Bay is the 3rd least expensive of 6 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2018 | Median income |
|---|---|---|---|---|---|
| Dollar Bay | $188K | +10.8% | $980 | — | $61,250 |
| Franklin | $197K* | +2.9%† | $970 | — | $78,155 |
| Osceola | $124K* | −0.9%† | $970 | — | $57,120 |
| Houghton | $279K | +8.7% | $1,120 | 0 | $43,456 |
| Torch Lake | $171K* | — | $970 | — | $69,938 |
| Portage | $205K* | −1.1%† | $1,020 | — | $66,652 |
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.
Neighbors talk housing
What Dollar Bay buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. 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.