BAY CITY Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Bay City averaged 7.06% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

    The average rate for the prior week (2024-04-04) was 6.9% and one month ago for the week of 2024-03-07, the average rate was 6.96%.

    Bay City's average rate one year ago was 6.36%.

    For refis of the same type during the week of 2024-04-11, the average rate was 7.08%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-11 6.88%
    Bay City 30 Year Fixed Rate 2024-04-11 7.06%
    Bay City 30 Year Fixed Rate Refi 2024-04-11 7.08%
    Bay City 15 Year Fixed Rate 2024-04-11 5.96%
    Bay City 15 Year Fixed Rate Refi 2024-04-11 6.46%
    Bay City 30 Year FHA 2024-04-11 6.75%
    Bay City 30 Year FHA Refi 2024-04-11 6.84%
    Bay City 30 Year USDA 2024-04-11 6.61%
    Bay City 30 Year USDA Refi 2024-04-11 6.91%
    Bay City 30 Year VA 2024-04-11 6.77%
    Bay City 30 Year VA Refi 2024-04-11 6.77%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within BAY CITY, MI.

    BAY CITY Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the BAY CITY, MI market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 50 6.88% $5,280
    Frankenmuth Credit Union 45 6.71% $2,469
    The Huntington National Bank 43 6.94% $3,345
    Wildfire Credit Union 41 6.43% $2,375
    ACADEMY MORTGAGE CORPORATION 40 7.20% $4,595
    UNITED WHOLESALE MORTGAGE, LLC 37 7.23% $4,994
    DOW CHEMICAL EMPLOYEES' 33 7.31% $3,171
    Independent Bank 28 6.82% $2,674
    1st State Financial, Ltd. 28 6.46% $2,507
    FinancialEdge Community Credit Union 18 7.27% $2,309
    STAUNTON FINANCIAL, INC. 17 6.85% $3,780
    FIRST COMMUNITY MORTGAGE, INC. 16 7.20% $3,869
    SUNRISE FAMILY CREDIT UNION 14 6.96% $3,005
    MICHIGAN MUTUAL, INC. 14 6.76% $4,968
    FINANCIAL PLUS CREDIT UNION 13 6.42% $2,595
    Servion, Inc. 11 7.06% $2,948
    JPMorgan Chase Bank 8 6.97% $2,497
    TEAM ONE CREDIT UNION 8 6.56% $776
    J. VIRGIL, INC. 8 6.59% $5,967
    LAKE MICHIGAN CREDIT UNION 8 6.17% $3,780
    CARDINAL FINANCIAL 8 7.23% $4,414
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 7 6.59% $4,019
    Isabella Bank 7 6.63% $3,212
    TOP FLITE FINANCIAL, INC. 6 6.85% $5,947
    DAS Acquisition Company, LLC 5 7.15% $4,272
    Fifth Third Bank 5 6.65% $3,066
    PENNYMAC LOAN SERVICES, LLC 5 6.92% $5,690
    NEWREZ LLC 5 6.89% $4,828
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.78% $5,181
    BLG HOLDINGS, INC. 4 7.19% $5,247
    UNITED FINANCIAL Credit Union 4 6.69% $2,616
    LOANDEPOT.COM, LLC 4 6.50% $5,200
    Preston Home Loans Inc 3 7.17% $4,351
    The State Bank 3 7.58% $3,556
    CROSSCOUNTRY MORTGAGE, LLC 3 7.25% $4,254
    GENEVA FINANCIAL, LLC 3 6.71% $5,975
    NAVY FEDERAL CREDIT UNION 3 7.17% $1,668
    Mr. Cooper ( Nationstar Mortgage ) 3 6.70% $6,337
    UNION HOME MORTGAGE CORP. 3 7.17% $5,719
    CONSUMERS 2 8.38% $2,694
    Mercantile Bank of Michigan 2 6.56% $4,730
    Neighborhood Loans, Inc. 2 7.25% $5,455
    Lake Huron Credit Union 2 6.75% $3,840
    The Dart Bank 2 7.38% $3,087
    BM Real Estate Services, Inc. 2 7.19% $3,923
    PNC Bank 2 7.13% $4,456
    Wells Fargo Bank 2 6.81% $4,573
    First State Bank 2 7.25% $3,203
    Mortgage Research Center, LLC 2 6.88% $2,072
    ZILLOW HOME LOANS, LLC 1 8.00% $4,551
    Ally Bank 1 7.13% $2,134
    American Mortgage & Equity Consultants, Inc. 1 7.13% $4,978
    AMERISAVE MORTGAGE CORPORATION 1 5.38% $6,409
    Bank of America 1 7.00% $3,852
    Bank of Ann Arbor 1 5.50% $2,732
    CANOPY MORTGAGE, LLC 1 7.88% $3,888
    CHURCHILL MORTGAGE CORPORATION 1 5.88% $3,879
    Citizens Bank 1 6.13% $4,232
    Comerica Bank 1 6.88% $2,369
    COMMUNITY FINANCIAL CREDIT UNION 1 7.63% $2,648
    DELMAR FINANCIAL COMPANY 1 7.50% $3,504
    Discover Bank 1 6.24% $0
    Dort Financial Credit Union 1 6.88% $3,058
    Family First Credit Union 1 6.25% $2,890
    First Savings Bank 1 6.25% $3,433
    GENISYS 1 6.00% $2,479
    GVC MORTGAGE, INC. 1 6.98% $3,652
    HOMESIDE FINANCIAL, LLC 1 6.38% $2,392
    Horizon Bank 1 6.88% $3,743
    MEMBERS FIRST Credit Union 1 5.88% $2,598
    MMS MORTGAGE SERVICES, LTD. 1 6.38% $2,759
    MORTGAGE 1 INCORPORATED 1 7.25% $4,097
    MORTGAGE CENTER L.C 1 5.88% $4,818
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.00% $4,436
    NBKC BANK 1 6.13% $1,983
    North American Savings Bank, F.S.B. 1 7.88% $9,061
    Old National Bank 1 7.25% $2,929
    Paramount Residential Mortgage Group, Inc. 1 7.88% $9,325
    PLAZA HOME MORTGAGE, INC. 1 7.88% $2,688
    PREMIA MORTGAGE, LLC 1 6.99% $5,760
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $13,938
    Prosperity Home Mortgage, LLC 1 6.75% $4,046
    RELIANCE FIRST CAPITAL, LLC 1 7.63% $3,562
    Stifel Bank and Trust 1 5.75% $1,863

    BAY CITY Average Closing Costs & Other Stats

    BAY CITY, MI's 84 lenders originated 1,802 loans during 2023. The total origination value was $225,590,000, with an average loan value of $125,189.

    BAY CITY's average closing costs are $3,571.

    The top BAY CITY lender as defined by loan originations is QUICKEN LOANS, LLC, with 50 loans originated. Their average total fees are $5,280, which is $2,811 higher than the next largest lender, Frankenmuth Credit Union.

    The lowest fee BAY CITY lenders (with over 10 loans originated) are FinancialEdge Community Credit Union ($2,309), Wildfire Credit Union ($2,375), Frankenmuth Credit Union ($2,469), 1st State Financial, Ltd. ($2,507) and FINANCIAL PLUS CREDIT UNION ($2,595).

    The lowest rate BAY CITY lenders (with over 10 loans originated) are FINANCIAL PLUS CREDIT UNION (6.42%), Wildfire Credit Union (6.43%), 1st State Financial, Ltd. (6.46%), Frankenmuth Credit Union (6.71%) and MICHIGAN MUTUAL, INC. (6.76%).

    BAY CITY, MI Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    ACADEMY MORTGAGE CORPORATION $25,645,000 $16,755,000 -34.7% 7.4%
    The Huntington National Bank $22,405,000 $16,330,000 -27.1% 7.2%
    Frankenmuth Credit Union $19,030,000 $16,070,000 -15.6% 7.1%
    QUICKEN LOANS, LLC $25,420,000 $15,505,000 -39.0% 6.9%
    UNITED WHOLESALE MORTGAGE, LLC $15,040,000 $9,670,000 -35.7% 4.3%
    Wildfire Credit Union $12,955,000 $8,870,000 -31.5% 3.9%
    Prudential Huntoon Paige Associates, LLC $8,450,000 n/a 3.7%
    DOW CHEMICAL EMPLOYEES' $18,050,000 $8,350,000 -53.7% 3.7%
    PNC Bank $4,580,000 $8,095,000 76.7% 3.6%
    Independent Bank $11,150,000 $6,755,000 -39.4% 3.0%
    United Bay Community Credit Union $9,235,000 $6,460,000 -30.0% 2.9%
    1st State Financial, Ltd. $7,725,000 $5,120,000 -33.7% 2.3%
    FinancialEdge Community Credit Union $6,870,000 $4,085,000 -40.5% 1.8%
    FIRST COMMUNITY MORTGAGE, INC. $280,000 $4,005,000 1,330.4% 1.8%
    Mortgage Research Center, LLC $5,990,000 $3,685,000 -38.5% 1.6%
    JOLT CREDIT UNION $3,075,000 $3,480,000 13.2% 1.5%
    MICHIGAN MUTUAL, INC. $4,000,000 $3,475,000 -13.1% 1.5%
    STAUNTON FINANCIAL, INC. $2,505,000 $3,405,000 35.9% 1.5%
    LAKE MICHIGAN CREDIT UNION $6,610,000 $3,355,000 -49.2% 1.5%
    FINANCIAL PLUS CREDIT UNION $2,340,000 $3,235,000 38.2% 1.4%
    SUNRISE FAMILY CREDIT UNION $3,815,000 $3,235,000 -15.2% 1.4%
    Isabella Bank $3,235,000 $3,010,000 -7.0% 1.3%
    UNITED FINANCIAL Credit Union $1,505,000 $2,175,000 44.5% 1.0%
    J. VIRGIL, INC. $2,355,000 $2,145,000 -8.9% 1.0%
    ADVIA $45,000 $2,140,000 4,655.6% 0.9%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $1,330,000 $2,090,000 57.1% 0.9%
    NAVY FEDERAL CREDIT UNION $2,280,000 $1,955,000 -14.3% 0.9%
    DAS Acquisition Company, LLC $85,000 $1,895,000 2,129.4% 0.8%
    Servion, Inc. $1,590,000 $1,860,000 17.0% 0.8%
    PENNYMAC LOAN SERVICES, LLC $775,000 $1,735,000 123.9% 0.8%
    CARDINAL FINANCIAL $5,890,000 $1,715,000 -70.9% 0.8%
    21ST MORTGAGE CORPORATION $1,435,000 $1,675,000 16.7% 0.7%
    LENDINGHOME FUNDING CORPORATION $665,000 $1,605,000 141.4% 0.7%
    TEAM ONE CREDIT UNION $1,875,000 $1,605,000 -14.4% 0.7%
    JPMorgan Chase Bank $2,990,000 $1,380,000 -53.8% 0.6%
    Fifth Third Bank $4,385,000 $1,205,000 -72.5% 0.5%
    Preston Home Loans Inc $305,000 $1,180,000 286.9% 0.5%
    Great Lakes Federal Credit Union $1,125,000 n/a 0.5%
    TOP FLITE FINANCIAL, INC. $115,000 $1,105,000 860.9% 0.5%
    The Dart Bank $135,000 $1,070,000 692.6% 0.5%
    MORTGAGE 1 INCORPORATED $685,000 $1,035,000 51.1% 0.5%
    NEWREZ LLC $860,000 $1,025,000 19.2% 0.5%
    LOANDEPOT.COM, LLC $1,075,000 $1,000,000 -7.0% 0.4%
    GENEVA FINANCIAL, LLC $490,000 $950,000 93.9% 0.4%
    BLG HOLDINGS, INC. $85,000 $925,000 988.2% 0.4%
    Thumb Bank and Trust $2,040,000 $855,000 -58.1% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $1,755,000 $800,000 -54.4% 0.4%
    Mercantile Bank of Michigan $1,330,000 $775,000 -41.7% 0.3%
    UNION HOME MORTGAGE CORP. $715,000 $765,000 7.0% 0.3%
    CREDIT UNION ONE $780,000 $760,000 -2.6% 0.3%
    USAA Federal Savings Bank $1,255,000 $695,000 -44.6% 0.3%
    FREEDOM MORTGAGE CORPORATION $1,805,000 $685,000 -62.0% 0.3%
    The State Bank $525,000 $680,000 29.5% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $570,000 $660,000 15.8% 0.3%
    COPOCO Community Credit Union $1,815,000 $650,000 -64.2% 0.3%
    ELGA CREDIT UNION $220,000 $645,000 193.2% 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,610,000 $635,000 -60.6% 0.3%
    Equity Prime Mortgage LLC $575,000 $630,000 9.6% 0.3%
    MEMBERS FIRST Credit Union $1,830,000 $610,000 -66.7% 0.3%
    Wells Fargo Bank $1,040,000 $585,000 -43.8% 0.3%
    Discover Bank $90,000 $575,000 538.9% 0.3%
    BROKER SOLUTIONS, INC. $820,000 $550,000 -32.9% 0.2%
    First Merchants Bank $125,000 $545,000 336.0% 0.2%
    MICHIGAN SCHOOLS AND GOVERNMENT $395,000 $530,000 34.2% 0.2%
    Barrington Bank & Trust Company, N.A. $75,000 $525,000 600.0% 0.2%
    GreenStone Farm Credit Services, FLCA $1,980,000 $520,000 -73.7% 0.2%
    Lake Huron Credit Union $1,345,000 $520,000 -61.3% 0.2%
    Horizon Bank $7,430,000 $445,000 -94.0% 0.2%
    CONSUMERS $365,000 $430,000 17.8% 0.2%
    Neighborhood Loans, Inc. $790,000 $405,000 -48.7% 0.2%
    First State Bank $1,160,000 $380,000 -67.2% 0.2%
    Northstar Bank $180,000 $365,000 102.8% 0.2%
    PLAZA HOME MORTGAGE, INC. $395,000 $365,000 -7.6% 0.2%
    RELIANCE FIRST CAPITAL, LLC $315,000 $365,000 15.9% 0.2%
    ChoiceOne Bank $370,000 $350,000 -5.4% 0.2%
    Dort Financial Credit Union $170,000 $330,000 94.1% 0.1%
    ENVOY MORTGAGE, LTD $4,190,000 $330,000 -92.1% 0.1%
    Prosperity Home Mortgage, LLC $330,000 n/a 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $80,000 $325,000 306.3% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $55,000 $315,000 472.7% 0.1%
    Bank of America $600,000 $310,000 -48.3% 0.1%
    Citizens Bank $300,000 $305,000 1.7% 0.1%
    LIMA ONE CAPITAL, LLC $95,000 $290,000 205.3% 0.1%
    LEGEND LENDING CORPORATION $1,365,000 $285,000 -79.1% 0.1%
    MID AMERICA MORTGAGE, INC. $2,340,000 $285,000 -87.8% 0.1%
    MOVEMENT MORTGAGE, LLC $285,000 n/a 0.1%
    NEW DAY FINANCIAL, LLC $675,000 $280,000 -58.5% 0.1%
    CANOPY MORTGAGE, LLC $270,000 n/a 0.1%
    GVC MORTGAGE, INC. $270,000 n/a 0.1%
    The Federal Savings Bank $265,000 n/a 0.1%
    AXIA FINANCIAL, LLC $240,000 n/a 0.1%
    AMERISAVE MORTGAGE CORPORATION $1,250,000 $235,000 -81.2% 0.1%
    North American Savings Bank, F.S.B. $235,000 n/a 0.1%
    Peoples Bank $235,000 n/a 0.1%
    Figure Lending LLC $400,000 $225,000 -43.8% 0.1%
    EMM LOANS LLC $215,000 n/a 0.1%
    Paramount Residential Mortgage Group, Inc. $185,000 $215,000 16.2% 0.1%
    CHURCHILL MORTGAGE CORPORATION $555,000 $205,000 -63.1% 0.1%
    ZILLOW HOME LOANS, LLC $910,000 $200,000 -78.0% 0.1%
    Comerica Bank $5,480,000 $195,000 -96.4% 0.1%
    BAYSHORE MORTGAGE FUNDING, LLC $180,000 n/a 0.1%
    MILEND, INC. $175,000 n/a 0.1%
    Family First Credit Union $165,000 n/a 0.1%
    First Savings Bank $165,000 n/a 0.1%
    MORTGAGE CENTER L.C $290,000 $165,000 -43.1% 0.1%
    Ally Bank $420,000 $155,000 -63.1% 0.1%
    American Mortgage & Equity Consultants, Inc. $155,000 n/a 0.1%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $155,000 n/a 0.1%
    GUILD MORTGAGE COMPANY $145,000 n/a 0.1%
    NATIONS DIRECT MORTGAGE, LLC $145,000 n/a 0.1%
    NBKC BANK $145,000 n/a 0.1%
    Stifel Bank and Trust $805,000 $135,000 -83.2% 0.1%
    Bank of Ann Arbor $125,000 n/a 0.1%
    BM Real Estate Services, Inc. $75,000 $120,000 60.0% 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $120,000 n/a 0.1%
    GENISYS $170,000 $115,000 -32.4% 0.1%
    HOMESTAR FINANCIAL CORPORATION $115,000 n/a 0.1%
    MEMBER FIRST MORTGAGE, LLC $95,000 $115,000 21.1% 0.1%
    PREMIA MORTGAGE, LLC $115,000 n/a 0.1%
    GUARANTEED RATE, INC. $135,000 $110,000 -18.5% 0.0%
    AMERICAN FINANCIAL RESOURCES, INC. $105,000 n/a 0.0%
    ARBOR FINANCIAL CREDIT UNION $105,000 n/a 0.0%
    FINANCE OF AMERICA REVERSE LLC $105,000 n/a 0.0%
    HOMESITE MORTGAGE, LLC $105,000 n/a 0.0%
    Flagstar Bank, FSB $1,610,000 $100,000 -93.8% 0.0%
    ROYAL UNITED MORTGAGE LLC $455,000 $100,000 -78.0% 0.0%
    COMMUNITY FINANCIAL CREDIT UNION $65,000 $95,000 46.2% 0.0%
    SUCCESS MORTGAGE PARTNERS, INC. $425,000 $95,000 -77.6% 0.0%
    VELOCITY COMMERCIAL CAPITAL, LLC $95,000 n/a 0.0%
    HEALTH ADVANTAGE FEDERAL CREDIT UNION $960,000 $85,000 -91.1% 0.0%
    MMS MORTGAGE SERVICES, LTD. $85,000 n/a 0.0%
    Coastal Community Bank $80,000 n/a 0.0%
    A&D Mortgage LLC $75,000 n/a 0.0%
    HOMESIDE FINANCIAL, LLC $300,000 $75,000 -75.0% 0.0%
    Old National Bank $12,955,000 $75,000 -99.4% 0.0%
    U.S. Bank $170,000 $75,000 -55.9% 0.0%
    DELMAR FINANCIAL COMPANY $65,000 n/a 0.0%
    SOVITA Credit Union $65,000 n/a 0.0%
    AMERICAN FINANCING CORPORATION $280,000 $55,000 -80.4% 0.0%
    CALIBER HOME LOANS, INC. $795,000 $55,000 -93.1% 0.0%
    Lakeview Community Capital, LLC $215,000 $55,000 -74.4% 0.0%
    LOANPAL, LLC $75,000 $55,000 -26.7% 0.0%
    Northpointe Bank $55,000 n/a 0.0%
    ROSS MORTGAGE CORPORATION $210,000 $55,000 -73.8% 0.0%
    VAN DYK MORTGAGE CORPORATION $55,000 n/a 0.0%
    First Independence Bank $45,000 n/a 0.0%
    GREENSTATE CREDIT UNION $15,000 $45,000 200.0% 0.0%
    TRIAD FINANCIAL SERVICES, INC. $140,000 $40,000 -71.4% 0.0%
    SPRING EQ, LLC $35,000 n/a 0.0%

    BAY CITY's top lender by overall market share is ACADEMY MORTGAGE CORPORATION, with 7.4% market share. In second place, with 7.2%, is The Huntington National Bank, having originated $16,330,000 in loans. In third place, with 7.1%, is Frankenmuth Credit Union, having originated $16,070,000 in loans. In fourth place, with 6.9%, is QUICKEN LOANS, LLC, having originated $15,505,000 in loans. In fifth place, with 4.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $9,670,000 in loans.

    BAY CITY Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - BAY CITY (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $87,850 (3.5%) $118,872 (4.2%) 0.00 333
    2018-02-01 $88,800 (4.0%) $124,293 (5.5%) 0.00 327
    2018-03-01 $89,900 (4.3%) $128,418 (4.5%) 0.00 302
    2018-04-01 $95,850 (6.6%) $137,364 (6.3%) 0.00 279
    2018-05-01 $97,350 (2.5%) $135,241 (1.9%) 0.00 286
    2018-06-01 $98,950 (10.1%) $136,047 (7.7%) 0.00 390
    2018-07-01 $99,900 (13.0%) $146,147 (20.6%) 0.00 387
    2018-08-01 $107,000 (22.7%) $149,864 (24.3%) 0.00 388
    2018-09-01 $109,900 (27.9%) $150,976 (26.8%) 0.00 391
    2018-10-01 $108,000 (24.6%) $145,219 (21.1%) 0.00 384
    2018-11-01 $105,575 (19.1%) $144,487 (21.7%) 0.00 375
    2018-12-01 $96,400 (7.2%) $142,129 (18.8%) 0.00 369
    2019-01-01 $94,800 (7.9%) $141,432 (19.0%) 0.00 348
    2019-02-01 $89,900 (1.2%) $141,547 (13.9%) 0.00 312
    2019-03-01 $93,457 (4.0%) $243,923 (89.9%) 0.00 292
    2019-04-01 $98,350 (2.6%) $246,983 (79.8%) 0.00 281
    2019-05-01 $102,400 (5.2%) $150,654 (11.4%) 0.00 297
    2019-06-01 $119,450 (20.7%) $163,601 (20.3%) 0.00 317
    2019-07-01 $115,400 (15.5%) $158,067 (8.2%) 0.00 330
    2019-08-01 $116,445 (8.8%) $160,240 (6.9%) 0.00 349
    2019-09-01 $117,264 (6.7%) $160,799 (6.5%) 0.00 365
    2019-10-01 $114,334 (5.9%) $160,594 (10.6%) 0.00 383
    2019-11-01 $99,900 (-5.4%) $155,554 (7.7%) 0.00 366
    2019-12-01 $94,900 (-1.6%) $150,448 (5.9%) 0.00 319
    2020-01-01 $88,275 (-6.9%) $143,454 (1.4%) 0.00 277
    2020-02-01 $89,900 (0.0%) $152,713 (7.9%) 0.00 265
    2020-03-01 $93,475 (0.0%) $155,537 (-36.2%) 0.00 248
    2020-04-01 $94,950 (-3.5%) $155,074 (-37.2%) 0.00 216
    2020-05-01 $99,900 (-2.4%) $156,472 (3.9%) 0.00 199
    2020-06-01 $117,100 (-2.0%) $167,798 (2.6%) 0.00 188
    2020-07-01 $110,225 (-4.5%) $172,528 (9.2%) 0.00 164
    2020-08-01 $115,900 (-0.5%) $942,848 (488.4%) 0.00 152
    2020-09-01 $112,625 (-4.0%) $176,584 (9.8%) 0.00 139
    2020-10-01 $109,900 (-3.9%) $160,416 (-0.1%) 0.00 134
    2020-11-01 $123,650 (23.8%) $159,572 (2.6%) 0.00 123
    2020-12-01 $127,425 (34.3%) $166,159 (10.4%) 0.00 114
    2021-01-01 $129,900 (47.2%) $173,595 (21.0%) 0.00 110
    2021-02-01 $126,650 (40.9%) $169,815 (11.2%) 0.00 92
    2021-03-01 $106,225 (13.6%) $180,650 (16.2%) 0.00 82
    2021-04-01 $161,950 (70.6%) $205,368 (32.4%) 0.00 70
    2021-05-01 $149,900 (50.1%) $195,317 (24.8%) 0.00 85
    2021-06-01 $141,175 (20.6%) $205,632 (22.6%) 0.00 120
    2021-07-01 $146,400 (32.8%) $206,550 (19.7%) 0.00 149
    2021-08-01 $137,475 (18.6%) $191,196 (-79.7%) 0.00 169
    2021-09-01 $128,400 (14.0%) $186,384 (5.6%) 0.00 175
    2021-10-01 $124,900 (13.7%) $188,410 (17.5%) 0.00 179
    2021-11-01 $121,075 (-2.1%) $175,098 (9.7%) 0.00 157
    2021-12-01 $107,350 (-15.8%) $170,322 (2.5%) 0.00 146
    2022-01-01 $103,500 (-20.3%) $169,917 (-2.1%) 0.00 117
    2022-02-01 $119,700 (-5.5%) $186,640 (9.9%) 0.00 100
    2022-03-01 $129,300 (21.7%) $191,254 (5.9%) 0.00 76
    2022-04-01 $149,900 (-7.4%) $205,438 (0.0%) 0.00 75
    2022-05-01 $152,725 (1.9%) $213,624 (9.4%) 0.00 95
    2022-06-01 $151,225 (7.1%) $197,918 (-3.8%) 0.00 119
    2022-07-01 $169,900 (16.1%) $222,625 (7.8%) 0.00 139
    2022-08-01 $174,950 (27.3%) $226,089 (18.3%) 0.00 141
    2022-09-01 $180,500 (40.6%) $215,421 (15.6%) 0.00 132
    2022-10-01 $178,700 (43.1%) $215,677 (14.5%) 0.00 137
    2022-11-01 $165,225 (36.5%) $199,913 (14.2%) 0.00 134
    2022-12-01 $159,900 (49.0%) $203,128 (19.3%) 0.00 127
    2023-01-01 $152,400 (47.3%) $200,700 (18.1%) 0.00 111
    2023-02-01 $178,500 (49.1%) $224,151 (20.1%) 0.00 92
    2023-03-01 $208,650 (61.4%) $242,878 (27.0%) 0.00 75
    2023-04-01 $177,500 (18.4%) $243,777 (18.7%) 0.00 68
    2023-05-01 $171,950 (12.6%) $230,327 (7.8%) 0.00 73
    2023-06-01 $177,450 (17.3%) $223,834 (13.1%) 0.00 88
    2023-07-01 $182,400 (7.4%) $222,773 (0.1%) 0.00 96
    2023-08-01 $179,175 (2.4%) $224,385 (-0.8%) 0.00 100
    2023-09-01 $172,400 (-4.5%) $231,585 (7.5%) 0.00 106
    2023-10-01 $157,450 (-11.9%) $218,460 (1.3%) 0.00 129
    2023-11-01 $154,900 (-6.3%) $213,245 (6.7%) 0.00 152
    2023-12-01 $155,000 (-3.1%) $208,100 (2.5%) 0.00 142
    2024-01-01 $161,400 (5.9%) $201,271 (0.3%) 0.00 134
    2024-02-01 $167,450 (-6.2%) $214,895 (-4.1%) 0.00 125
    2024-03-01 $169,450 (-18.8%) $222,124 (-8.6%) 0.00 120
    BAY CITY's median listing price for 2024-03-01 was $169,450, a difference of $-39,200 (-18.8%) versus the prior year and $2,000 versus the prior month.

    BAY CITY's median listing price comes in at 0% of the national average.

    BAY CITY's average listing price for 2024-03-01 was $222,124, a difference of $-20,754 (-8.6%) versus the prior year and $7,229 versus the prior month.

    For the 2024-03-01 period, BAY CITY had 120 MLS listings, a difference of -5 listings (-4%) versus the prior month and 45 listings (60%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - BAY CITY (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,380 sqft
    2018-02-01 0 days 1,367 sqft
    2018-03-01 0 days 1,373 sqft
    2018-04-01 0 days 1,386 sqft
    2018-05-01 0 days 1,386 sqft
    2018-06-01 0 days 1,387 sqft
    2018-07-01 0 days 1,400 sqft
    2018-08-01 0 days 1,424 sqft
    2018-09-01 0 days 1,448 sqft
    2018-10-01 0 days 1,454 sqft
    2018-11-01 0 days 1,442 sqft
    2018-12-01 0 days 1,396 sqft
    2019-01-01 0 days 1,402 sqft
    2019-02-01 0 days 1,391 sqft
    2019-03-01 0 days 1,386 sqft
    2019-04-01 0 days 1,418 sqft
    2019-05-01 0 days 1,454 sqft
    2019-06-01 0 days 1,477 sqft
    2019-07-01 0 days 1,471 sqft
    2019-08-01 0 days 1,509 sqft
    2019-09-01 0 days 1,487 sqft
    2019-10-01 0 days 1,467 sqft
    2019-11-01 0 days 1,452 sqft
    2019-12-01 0 days 1,402 sqft
    2020-01-01 0 days 1,361 sqft
    2020-02-01 0 days 1,362 sqft
    2020-03-01 0 days 1,400 sqft
    2020-04-01 0 days 1,367 sqft
    2020-05-01 0 days 1,403 sqft
    2020-06-01 0 days 1,535 sqft
    2020-07-01 0 days 1,531 sqft
    2020-08-01 0 days 1,566 sqft
    2020-09-01 0 days 1,497 sqft
    2020-10-01 0 days 1,483 sqft
    2020-11-01 0 days 1,474 sqft
    2020-12-01 0 days 1,426 sqft
    2021-01-01 0 days 1,480 sqft
    2021-02-01 0 days 1,402 sqft
    2021-03-01 0 days 1,378 sqft
    2021-04-01 0 days 1,546 sqft
    2021-05-01 0 days 1,480 sqft
    2021-06-01 0 days 1,460 sqft
    2021-07-01 0 days 1,500 sqft
    2021-08-01 0 days 1,489 sqft
    2021-09-01 0 days 1,475 sqft
    2021-10-01 0 days 1,497 sqft
    2021-11-01 0 days 1,500 sqft
    2021-12-01 0 days 1,473 sqft
    2022-01-01 0 days 1,491 sqft
    2022-02-01 0 days 1,419 sqft
    2022-03-01 0 days 1,413 sqft
    2022-04-01 0 days 1,461 sqft
    2022-05-01 0 days 1,527 sqft
    2022-06-01 0 days 1,466 sqft
    2022-07-01 0 days 1,496 sqft
    2022-08-01 0 days 1,515 sqft
    2022-09-01 0 days 1,519 sqft
    2022-10-01 0 days 1,557 sqft
    2022-11-01 0 days 1,526 sqft
    2022-12-01 0 days 1,546 sqft
    2023-01-01 0 days 1,454 sqft
    2023-02-01 0 days 1,500 sqft
    2023-03-01 0 days 1,545 sqft
    2023-04-01 0 days 1,546 sqft
    2023-05-01 0 days 1,545 sqft
    2023-06-01 0 days 1,546 sqft
    2023-07-01 0 days 1,452 sqft
    2023-08-01 0 days 1,507 sqft
    2023-09-01 0 days 1,458 sqft
    2023-10-01 0 days 1,443 sqft
    2023-11-01 0 days 1,506 sqft
    2023-12-01 0 days 1,456 sqft
    2024-01-01 0 days 1,413 sqft
    2024-02-01 0 days 1,445 sqft
    2024-03-01 0 days 1,433 sqft
    BAY CITY's median listing age (time on market) for 2024-03-01 was 0 days.

    BAY CITY's median square footage for active listings during the 2024-03-01 period was 1,433 sqft. One year prior, the average listing was 1,545 sqft.

    BAY CITY, MI Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    48604 Bay City, MI MSA $670 $760 $1,000 $1,270 $1,340
    48611 Bay City, MI MSA $650 $710 $910 $1,190 $1,320
    48613 Bay City, MI MSA $770 $840 $1,070 $1,400 $1,550
    48623 Bay City, MI MSA $740 $830 $1,100 $1,400 $1,480
    48631 Bay City, MI MSA $590 $650 $830 $1,080 $1,200
    48634 Bay City, MI MSA $590 $650 $830 $1,090 $1,210
    48642 Bay City, MI MSA $770 $800 $1,050 $1,410 $1,500
    48650 Bay City, MI MSA $700 $760 $970 $1,270 $1,410
    48652 Bay City, MI MSA $880 $950 $1,220 $1,610 $1,770
    48658 Bay City, MI MSA $590 $650 $830 $1,080 $1,200
    48659 Bay City, MI MSA $630 $680 $870 $1,140 $1,260
    48706 Bay City, MI MSA $650 $710 $910 $1,190 $1,320
    48707 Bay City, MI MSA $630 $690 $880 $1,160 $1,270
    48708 Bay City, MI MSA $600 $660 $840 $1,100 $1,220
    48710 Bay City, MI MSA $630 $690 $880 $1,160 $1,270
    48732 Bay City, MI MSA $600 $660 $840 $1,100 $1,220
    48747 Bay City, MI MSA $590 $670 $860 $1,120 $1,220
    48757 Bay City, MI MSA $560 $630 $830 $1,050 $1,120

    2022 Average & Median Rent Data Statistics
    BAY CITY, MI average 1BR rent: $722, median: $690
    BAY CITY, MI average 2BR rent: $929, median: $880
    BAY CITY, MI average 3BR rent: $1,212, median: $1,160

    BAY CITY, MI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,083 $155,075,000 $143,190
    Cash Out Refi 272 $37,060,000 $136,250
    Home Improvement 179 $10,625,000 $59,358
    Other 176 $11,750,000 $66,761
    Refi 92 $11,080,000 $120,435

    Bay City's most frequently cited loan purpose was Home Purchase, with 1,083 originations. The 2nd most popular reason was Cash Out Refi, with 272 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 624 $89,410,000 $143,285
    7-8% 455 $59,455,000 $130,670
    Over 8% 363 $28,925,000 $79,683
    5-6% 176 $30,660,000 $174,205
    <2.5% 56 $490,000 $8,750
    4-5% 31 $7,855,000 $253,387
    3-4% 2 $80,000 $40,000
    2.5-3% 1 $395,000 $395,000

    During 2023, Bay City's most frequently originated rate bucket was 6-7%, with 624 originations.

    Loan Sizing (BAY CITY, MI MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 891 $49,305,000 $55,337
    $100k-200k 684 $95,590,000 $139,751
    $200k-400k 195 $50,635,000 $259,667
    $400k-600k 23 $10,655,000 $463,261
    $Over $1MM 5 $16,455,000 $3,291,000
    $600k-1000k 4 $2,950,000 $737,500

    BAY CITY's loan sizing saw the bucket of loans from $100,000 or less with 891 originations, totaling $49,305,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 763 $113,245,000 $148,421
    60-80% 365 $56,935,000 $155,986
    20-40% 210 $12,660,000 $60,286
    Under 20% 194 $4,940,000 $25,464
    40-60% 168 $27,180,000 $161,786
    Over 100% 4 $770,000 $192,500

    BAY CITY's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 763 originations, totaling $113,245,000 in origination value.