BAY CITY Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Bay City averaged 6.51% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

The average rate for the prior week (2023-05-18) was 6.23% and one month ago for the week of 2023-04-20, the average rate was 6.33%.

Bay City's average rate one year ago was 5.19%.

For refis of the same type during the week of 2023-05-25, the average rate was 5.8%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-05-25 6.57%
Bay City 30 Year Fixed Rate 2023-05-25 6.51%
Bay City 30 Year Fixed Rate Refi 2023-05-25 5.8%
Bay City 15 Year Fixed Rate 2023-05-25 6.21%
Bay City 15 Year Fixed Rate Refi 2023-05-25 6.07%
Bay City 30 Year FHA 2023-05-25 6.64%
Bay City 30 Year FHA Refi 2023-05-25 6.41%
Bay City 30 Year USDA 2023-05-25 6.83%
Bay City 30 Year USDA Refi 2023-05-25 6.63%
Bay City 30 Year VA 2023-05-25 6.62%
Bay City 30 Year VA Refi 2023-05-25 6.61%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
ACADEMY MORTGAGE CORPORATION 78 5.69% $4,187
QUICKEN LOANS, LLC 75 5.11% $5,242
Frankenmuth Credit Union 70 5.27% $1,818
DOW CHEMICAL EMPLOYEES' 64 5.06% $3,139
UNITED WHOLESALE MORTGAGE, LLC 50 5.54% $4,334
Independent Bank 49 5.31% $2,717
Wildfire Credit Union 44 4.48% $2,139
The Huntington National Bank 44 5.19% $3,276
1st State Financial, Ltd. 33 4.68% $2,292
Wanigas Credit Union 23 5.01% $2,153
MICHIGAN MUTUAL, INC. 21 5.23% $4,239
CARDINAL FINANCIAL 21 4.96% $3,952
FinancialEdge Community Credit Union 17 5.19% $2,106
Fifth Third Bank 16 5.13% $2,826
JPMorgan Chase Bank 13 5.17% $2,696
ENVOY MORTGAGE, LTD 13 5.92% $4,912
Servion, Inc. 10 4.54% $2,523
FINANCIAL PLUS CREDIT UNION 10 6.11% $3,003
PNC Bank 9 5.44% $3,791
TEAM ONE CREDIT UNION 8 5.02% $1,171
LAKE MICHIGAN CREDIT UNION 7 4.59% $3,053
Mercantile Bank of Michigan 7 5.14% $3,026
Mr. Cooper ( Nationstar Mortgage ) 7 5.03% $5,227
STAUNTON FINANCIAL, INC. 7 5.77% $8,864
MEMBERS FIRST Credit Union 7 4.46% $2,393
SUNRISE FAMILY CREDIT UNION 7 4.41% $2,388
Flagstar Bank, FSB 6 5.11% $3,687
J. VIRGIL, INC. 6 5.21% $3,983
GreenStone Farm Credit Services, FLCA 6 5.81% $3,850
MORTGAGE 1 INCORPORATED 5 6.42% $4,867
HEALTH ADVANTAGE FEDERAL CREDIT UNION 5 4.50% $2,690
First State Bank 5 5.37% $2,590
LOANDEPOT.COM, LLC 5 4.62% $4,814
CROSSCOUNTRY MORTGAGE, LLC 5 5.64% $4,201
STOCKTON MORTGAGE CORPORATION 4 5.50% $4,267
BROKER SOLUTIONS, INC. 4 5.43% $5,005
UNITED FINANCIAL Credit Union 4 5.19% $2,678
Horizon Bank 4 6.75% $2,617
LEGEND LENDING CORPORATION 4 6.44% $3,517
HOME POINT FINANCIAL CORPORATION 4 5.09% $2,300
Wells Fargo Bank 4 5.34% $4,138
NAVY FEDERAL CREDIT UNION 4 6.81% $1,861
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 4 4.69% $3,334
Neighborhood Loans, Inc. 4 5.38% $5,223
CHURCHILL MORTGAGE CORPORATION 4 5.06% $3,111
ROYAL UNITED MORTGAGE LLC 3 5.08% $4,961
AMERIFIRST FINANCIAL CORPORATION 3 5.38% $3,458
CALIBER HOME LOANS, INC. 3 5.82% $3,978
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 4.41% $5,691
FREEDOM MORTGAGE CORPORATION 3 5.63% $5,897
Lake Huron Credit Union 3 4.38% $3,233
LAKEVIEW LOAN SERVICING, LLC 3 5.04% $4,061
MID AMERICA MORTGAGE, INC. 3 5.71% $3,597
Mortgage Research Center, LLC 3 4.08% $2,527
UNION HOME MORTGAGE CORP. 3 5.29% $3,308
ZILLOW HOME LOANS, LLC 3 5.63% $6,023
Citibank 2 3.19% $2,519
ChoiceOne Bank 2 4.50% $2,742
M&T Bank 2 4.31% $4,621
BETTER MORTGAGE CORPORATION 2 4.88% $4,682
Ally Bank 2 4.88% $1,718
AMERISAVE MORTGAGE CORPORATION 2 5.75% $5,137
Isabella Bank 2 3.94% $2,527
Bank of America 2 5.56% $2,542
GENEVA FINANCIAL, LLC 2 5.81% $3,251
AMERICAN FINANCING CORPORATION 1 5.38% $5,823
DAS Acquisition Company, LLC 1 6.13% $3,783
Nations Lending Corporation 1 5.75% $10,151
CREDIT UNION ONE 1 4.88% $2,998
CoVantage Credit Union 1 5.75% $3,202
NEWREZ LLC 1 6.50% $4,054
Paramount Residential Mortgage Group, Inc. 1 4.50% $4,539
PENNYMAC LOAN SERVICES, LLC 1 4.25% $4,152
PHH Mortgage Corporation 1 5.25% $5,816
Platinum Home Mortgage Corporation 1 5.75% $3,304
CONSUMERS 1 6.13% $2,730
Preston Home Loans Inc 1 4.63% $3,278
COMMUNITY FINANCIAL CREDIT UNION 1 4.00% $2,381
CMG MORTGAGE, INC. 1 5.75% $5,475
RUOFF MORTGAGE COMPANY, INC. 1 3.88% $4,096
Stifel Bank and Trust 1 2.25% $2,976
CALCON MUTUAL MORTGAGE LLC 1 6.50% $3,911
SUCCESS MORTGAGE PARTNERS, INC. 1 5.38% $9,626
BLG HOLDINGS, INC. 1 4.13% $4,199
T2 FINANCIAL LLC 1 4.25% $3,575
The Dart Bank 1 5.88% $2,796
Barrington Bank & Trust Company, N.A. 1 5.63% $3,863
THRIVENT Federal Credit Union 1 4.00% $3,103
TOP FLITE FINANCIAL, INC. 1 3.50% $5,399
TOWNE MORTGAGE COMPANY 1 6.63% $8,720
ANGEL OAK HOME LOANS LLC 1 5.75% $5,596
UNIVERSITY OF MICHIGAN CREDIT UNION 1 4.13% $2,679
USAA Federal Savings Bank 1 4.88% $4,544
U.S. Bank 1 5.63% $5,405
VIBE CREDIT UNION 1 6.38% $2,235
JOLT CREDIT UNION 1 4.79% $2,257
HOMESIDE FINANCIAL, LLC 1 5.99% $1,645
MEMBER FIRST MORTGAGE, LLC 1 5.50% $2,581
MARSHALL COMMUNITY CREDIT UNION 1 5.50% $1,923
GUARANTEED RATE, INC. 1 6.88% $5,854
GENISYS 1 5.75% $3,011
MICHIGAN FIRST CREDIT UNION 1 3.63% $2,656
MICHIGAN SCHOOLS AND GOVERNMENT 1 3.75% $2,938
First Merchants Bank 1 4.63% $2,782
Waterstone Mortgage Corporation 1 3.88% $3,550
FIRST COMMUNITY MORTGAGE, INC. 1 6.13% $2,552
MORTGAGE CENTER L.C 1 3.88% $1,894

BAY CITY Average Closing Costs & Other Stats

BAY CITY, MI's 107 lenders originated 2,496 loans during 2022. The total origination value was $332,540,000, with an average loan value of $133,229.

BAY CITY's average closing costs are $3,449.

The top BAY CITY lender as defined by loan originations is ACADEMY MORTGAGE CORPORATION, with 78 loans originated. Their average total fees are $4,187, which is $1,055 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee BAY CITY lenders (with over 10 loans originated) are Frankenmuth Credit Union ($1,818), FinancialEdge Community Credit Union ($2,106), Wildfire Credit Union ($2,139), Wanigas Credit Union ($2,153) and 1st State Financial, Ltd. ($2,292).

The lowest rate BAY CITY lenders (with over 10 loans originated) are Wildfire Credit Union (4.48%), Servion, Inc. (4.54%), 1st State Financial, Ltd. (4.68%), CARDINAL FINANCIAL (4.96%) and Wanigas Credit Union (5.01%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
ACADEMY MORTGAGE CORPORATION $39,260,000 $25,645,000 -34.7% 7.7%
QUICKEN LOANS, LLC $49,840,000 $25,420,000 -49.0% 7.6%
The Huntington National Bank $20,235,000 $22,405,000 10.7% 6.7%
Frankenmuth Credit Union $30,490,000 $19,030,000 -37.6% 5.7%
DOW CHEMICAL EMPLOYEES' $21,420,000 $18,050,000 -15.7% 5.4%
UNITED WHOLESALE MORTGAGE, LLC $18,415,000 $15,040,000 -18.3% 4.5%
Old National Bank $12,955,000 n/a 3.9%
Wildfire Credit Union $18,115,000 $12,955,000 -28.5% 3.9%
Independent Bank $22,210,000 $11,150,000 -49.8% 3.4%
United Bay Community Credit Union $17,595,000 $9,235,000 -47.5% 2.8%
1st State Financial, Ltd. $19,460,000 $7,725,000 -60.3% 2.3%
Horizon Bank $4,815,000 $7,430,000 54.3% 2.2%
FinancialEdge Community Credit Union $11,795,000 $6,870,000 -41.8% 2.1%
LAKE MICHIGAN CREDIT UNION $10,630,000 $6,610,000 -37.8% 2.0%
Mortgage Research Center, LLC $6,555,000 $5,990,000 -8.6% 1.8%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $7,010,000 $5,890,000 -16.0% 1.8%
Comerica Bank $65,000 $5,480,000 8,330.8% 1.6%
PNC Bank $4,755,000 $4,580,000 -3.7% 1.4%
Fifth Third Bank $5,010,000 $4,385,000 -12.5% 1.3%
ENVOY MORTGAGE, LTD $6,090,000 $4,190,000 -31.2% 1.3%
MICHIGAN MUTUAL, INC. $3,620,000 $4,000,000 10.5% 1.2%
Wanigas Credit Union $11,090,000 $3,910,000 -64.7% 1.2%
SUNRISE FAMILY CREDIT UNION $5,060,000 $3,815,000 -24.6% 1.1%
Isabella Bank $19,015,000 $3,235,000 -83.0% 1.0%
JOLT CREDIT UNION $7,880,000 $3,075,000 -61.0% 0.9%
JPMorgan Chase Bank $3,120,000 $2,990,000 -4.2% 0.9%
Adventure Credit Union $2,775,000 n/a 0.8%
STAUNTON FINANCIAL, INC. $2,505,000 n/a 0.8%
J. VIRGIL, INC. $1,800,000 $2,355,000 30.8% 0.7%
FINANCIAL PLUS CREDIT UNION $315,000 $2,340,000 642.9% 0.7%
MID AMERICA MORTGAGE, INC. $3,030,000 $2,340,000 -22.8% 0.7%
NAVY FEDERAL CREDIT UNION $560,000 $2,280,000 307.1% 0.7%
Thumb Bank and Trust $4,445,000 $2,040,000 -54.1% 0.6%
GreenStone Farm Credit Services, FLCA $1,880,000 $1,980,000 5.3% 0.6%
TEAM ONE CREDIT UNION $4,295,000 $1,875,000 -56.3% 0.6%
MEMBERS FIRST Credit Union $2,010,000 $1,830,000 -9.0% 0.6%
COPOCO Community Credit Union $3,485,000 $1,815,000 -47.9% 0.5%
FREEDOM MORTGAGE CORPORATION $11,405,000 $1,805,000 -84.2% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $4,775,000 $1,755,000 -63.2% 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,645,000 $1,610,000 -39.1% 0.5%
Flagstar Bank, FSB $2,065,000 $1,610,000 -22.0% 0.5%
Servion, Inc. $1,845,000 $1,590,000 -13.8% 0.5%
UNITED FINANCIAL Credit Union $2,970,000 $1,505,000 -49.3% 0.5%
21ST MORTGAGE CORPORATION $1,680,000 $1,435,000 -14.6% 0.4%
Arbor Realty Trust, Inc. $1,405,000 n/a 0.4%
LEGEND LENDING CORPORATION $1,365,000 n/a 0.4%
Lake Huron Credit Union $1,280,000 $1,345,000 5.1% 0.4%
Mercantile Bank of Michigan $2,020,000 $1,330,000 -34.2% 0.4%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $760,000 $1,330,000 75.0% 0.4%
USAA Federal Savings Bank $1,815,000 $1,255,000 -30.9% 0.4%
AMERISAVE MORTGAGE CORPORATION $1,540,000 $1,250,000 -18.8% 0.4%
First State Bank $135,000 $1,160,000 759.3% 0.3%
LOANDEPOT.COM, LLC $2,275,000 $1,075,000 -52.7% 0.3%
Wells Fargo Bank $5,060,000 $1,040,000 -79.4% 0.3%
HEALTH ADVANTAGE FEDERAL CREDIT UNION $2,185,000 $960,000 -56.1% 0.3%
ZILLOW HOME LOANS, LLC $240,000 $910,000 279.2% 0.3%
NEWREZ LLC $2,270,000 $860,000 -62.1% 0.3%
BROKER SOLUTIONS, INC. $610,000 $820,000 34.4% 0.2%
Stifel Bank and Trust $805,000 n/a 0.2%
CALIBER HOME LOANS, INC. $2,270,000 $795,000 -65.0% 0.2%
Neighborhood Loans, Inc. $250,000 $790,000 216.0% 0.2%
STOCKTON MORTGAGE CORPORATION $315,000 $790,000 150.8% 0.2%
CREDIT UNION ONE $825,000 $780,000 -5.5% 0.2%
PENNYMAC LOAN SERVICES, LLC $2,405,000 $775,000 -67.8% 0.2%
HOME POINT FINANCIAL CORPORATION $930,000 $755,000 -18.8% 0.2%
AMERIFIRST FINANCIAL CORPORATION $465,000 $720,000 54.8% 0.2%
UNION HOME MORTGAGE CORP. $2,370,000 $715,000 -69.8% 0.2%
MORTGAGE 1 INCORPORATED $415,000 $685,000 65.1% 0.2%
NEW DAY FINANCIAL, LLC $900,000 $675,000 -25.0% 0.2%
LENDINGHOME FUNDING CORPORATION $1,140,000 $665,000 -41.7% 0.2%
Bank of America $1,155,000 $600,000 -48.1% 0.2%
Equity Prime Mortgage LLC $575,000 n/a 0.2%
CROSSCOUNTRY MORTGAGE, LLC $1,455,000 $570,000 -60.8% 0.2%
CHURCHILL MORTGAGE CORPORATION $150,000 $555,000 270.0% 0.2%
LAKEVIEW LOAN SERVICING, LLC $1,590,000 $540,000 -66.0% 0.2%
The State Bank $805,000 $525,000 -34.8% 0.2%
GENEVA FINANCIAL, LLC $1,140,000 $490,000 -57.0% 0.1%
Carrington Mortgage Services, LLC $1,350,000 $460,000 -65.9% 0.1%
ROYAL UNITED MORTGAGE LLC $495,000 $455,000 -8.1% 0.1%
RUOFF MORTGAGE COMPANY, INC. $345,000 $430,000 24.6% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $625,000 $425,000 -32.0% 0.1%
Ally Bank $715,000 $420,000 -41.3% 0.1%
Figure Lending LLC $200,000 $400,000 100.0% 0.1%
MICHIGAN SCHOOLS AND GOVERNMENT $325,000 $395,000 21.5% 0.1%
PLAZA HOME MORTGAGE, INC. $1,145,000 $395,000 -65.5% 0.1%
BETTER MORTGAGE CORPORATION $615,000 $370,000 -39.8% 0.1%
ChoiceOne Bank $325,000 $370,000 13.8% 0.1%
CONSUMERS $365,000 n/a 0.1%
Union Bank $365,000 n/a 0.1%
Bank of England $175,000 $360,000 105.7% 0.1%
Citibank $105,000 $330,000 214.3% 0.1%
TOWNE MORTGAGE COMPANY $395,000 $320,000 -19.0% 0.1%
RELIANCE FIRST CAPITAL, LLC $465,000 $315,000 -32.3% 0.1%
CMG MORTGAGE, INC. $305,000 n/a 0.1%
Preston Home Loans Inc $770,000 $305,000 -60.4% 0.1%
Citizens Bank $455,000 $300,000 -34.1% 0.1%
EVERETT FINANCIAL, INC. $300,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $645,000 $300,000 -53.5% 0.1%
UNIVERSITY OF MICHIGAN CREDIT UNION $300,000 n/a 0.1%
MORTGAGE CENTER L.C $715,000 $290,000 -59.4% 0.1%
AMERICAN FINANCING CORPORATION $870,000 $280,000 -67.8% 0.1%
FIRST COMMUNITY MORTGAGE, INC. $85,000 $280,000 229.4% 0.1%
ANGEL OAK HOME LOANS LLC $255,000 n/a 0.1%
CLEARPATH LENDING $245,000 $255,000 4.1% 0.1%
T2 FINANCIAL LLC $250,000 n/a 0.1%
Nations Lending Corporation $225,000 n/a 0.1%
VIBE CREDIT UNION $225,000 n/a 0.1%
ELGA CREDIT UNION $450,000 $220,000 -51.1% 0.1%
Lakeview Community Capital, LLC $215,000 n/a 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $215,000 n/a 0.1%
ROSS MORTGAGE CORPORATION $325,000 $210,000 -35.4% 0.1%
First Federal Bank $185,000 $195,000 5.4% 0.1%
THRIVENT Federal Credit Union $195,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $620,000 $185,000 -70.2% 0.1%
M&T Bank $180,000 n/a 0.1%
Northstar Bank $220,000 $180,000 -18.2% 0.1%
MICHIGAN FIRST CREDIT UNION $175,000 n/a 0.1%
Sunflower Bank $300,000 $175,000 -41.7% 0.1%
Dort Financial Credit Union $105,000 $170,000 61.9% 0.1%
GENISYS $75,000 $170,000 126.7% 0.1%
U.S. Bank $1,115,000 $170,000 -84.8% 0.1%
Home State Bank $165,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $140,000 n/a 0.0%
GUARANTEED RATE, INC. $625,000 $135,000 -78.4% 0.0%
The Dart Bank $1,040,000 $135,000 -87.0% 0.0%
VILLAGE CAPITAL MORTGAGE $1,155,000 $130,000 -88.7% 0.0%
First Merchants Bank $125,000 n/a 0.0%
CHERRY CREEK MORTGAGE, LLC $115,000 n/a 0.0%
PHH Mortgage Corporation $455,000 $115,000 -74.7% 0.0%
TOP FLITE FINANCIAL, INC. $115,000 n/a 0.0%
Chicago Mortgage Solutions LLC $350,000 $105,000 -70.0% 0.0%
MARSHALL COMMUNITY CREDIT UNION $105,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $125,000 $95,000 -24.0% 0.0%
MEMBER FIRST MORTGAGE, LLC $705,000 $95,000 -86.5% 0.0%
Nicolet National Bank $95,000 n/a 0.0%
Platinum Home Mortgage Corporation $95,000 n/a 0.0%
Discover Bank $95,000 $90,000 -5.3% 0.0%
BLG HOLDINGS, INC. $245,000 $85,000 -65.3% 0.0%
DAS Acquisition Company, LLC $85,000 n/a 0.0%
DFCU FINANCIAL $85,000 n/a 0.0%
FINANCE OF AMERICA MORTGAGE LLC $445,000 $85,000 -80.9% 0.0%
NORTHERN MORTGAGE SERVICES, LLC $1,205,000 $85,000 -92.9% 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $325,000 $80,000 -75.4% 0.0%
Barrington Bank & Trust Company, N.A. $425,000 $75,000 -82.4% 0.0%
BM Real Estate Services, Inc. $405,000 $75,000 -81.5% 0.0%
CALCON MUTUAL MORTGAGE LLC $75,000 n/a 0.0%
First Guaranty Mortgage Corporation $125,000 $75,000 -40.0% 0.0%
LOANPAL, LLC $75,000 n/a 0.0%
COMMUNITY FINANCIAL CREDIT UNION $115,000 $65,000 -43.5% 0.0%
CoVantage Credit Union $65,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $65,000 n/a 0.0%
Meijer Credit Union $55,000 n/a 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $490,000 $55,000 -88.8% 0.0%
Waterstone Mortgage Corporation $55,000 n/a 0.0%
ADVIA $45,000 n/a 0.0%
AMERICAN ADVISORS GROUP $15,000 $35,000 133.3% 0.0%
REVERSE MORTGAGE FUNDING LLC $25,000 n/a 0.0%
GREENSTATE CREDIT UNION $15,000 n/a 0.0%

BAY CITY's top lender by overall market share is ACADEMY MORTGAGE CORPORATION, with 7.7% market share. In second place, with 7.6%, is QUICKEN LOANS, LLC, having originated $25,420,000 in loans. In third place, with 6.7%, is The Huntington National Bank, having originated $22,405,000 in loans. In fourth place, with 5.7%, is Frankenmuth Credit Union, having originated $19,030,000 in loans. In fifth place, with 5.4%, is DOW CHEMICAL EMPLOYEES', having originated $18,050,000 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 (3.8%) 0.00 333
2018-02-01 $88,800 (4.0%) $124,293 (5.3%) 0.00 327
2018-03-01 $89,900 (4.3%) $128,418 (4.3%) 0.00 302
2018-04-01 $95,850 (6.6%) $137,364 (6.0%) 0.00 279
2018-05-01 $97,350 (2.5%) $135,241 (1.6%) 0.00 286
2018-06-01 $98,950 (10.1%) $136,047 (7.6%) 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 $94,900 (4.0%) $142,281 (10.8%) 0.00 287
2019-04-01 $98,350 (2.6%) $144,984 (5.6%) 0.00 278
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 $114,900 (8.8%) $158,191 (5.6%) 0.00 348
2019-09-01 $109,925 (6.7%) $159,678 (5.8%) 0.00 347
2019-10-01 $112,425 (5.9%) $160,656 (10.6%) 0.00 385
2019-11-01 $99,900 (-5.4%) $155,554 (7.7%) 0.00 365
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 (9.3%) 0.00 248
2020-04-01 $94,950 (-3.5%) $155,074 (7.0%) 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 (496.0%) 0.00 152
2020-09-01 $112,625 (-4.0%) $176,584 (10.6%) 0.00 139
2020-10-01 $109,900 (-3.9%) $160,416 (-0.2%) 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 $147,900 (34.2%) $206,550 (19.7%) 0.00 149
2021-08-01 $137,475 (18.6%) $191,707 (-79.7%) 0.00 169
2021-09-01 $129,400 (14.9%) $187,362 (6.1%) 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 (14.9%) $222,625 (7.8%) 0.00 139
2022-08-01 $174,950 (27.3%) $226,089 (17.9%) 0.00 141
2022-09-01 $180,500 (39.5%) $215,421 (15.0%) 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 (0.0%) $243,777 (18.7%) 0.00 68
BAY CITY's median listing price for 2023-04-01 was $177,500, a difference of $27,600 (0.0%) versus the prior year and $-31,150 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 2023-04-01 was $243,777, a difference of $38,339 (18.7%) versus the prior year and $899 versus the prior month.

For the 2023-04-01 period, BAY CITY had 68 MLS listings, a difference of -7 listings (-9%) versus the prior month and -7 listings (-9%) 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 1,388 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 1,402 sqft
2019-04-01 0 days 1,429 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 1,501 sqft
2019-09-01 0 days 1,447 sqft
2019-10-01 0 days 1,461 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 1,492 sqft
2021-09-01 0 days 1,476 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 1,526 sqft
2022-10-01 0 days 1,559 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
BAY CITY's median listing age (time on market) for 2023-04-01 was 0 days.

BAY CITY's median square footage for active listings during the 2023-04-01 period was 1,546 sqft. One year prior, the average listing was 1,461 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 $600 $680 $900 $1,130 $1,220
48611 Bay City, MI $570 $670 $860 $1,130 $1,220
48613 Bay City, MI $700 $820 $1,050 $1,380 $1,490
48623 Bay City, MI $700 $800 $1,060 $1,330 $1,450
48631 Bay City, MI $500 $590 $760 $990 $1,080
48634 Bay City, MI $500 $590 $760 $1,060 $1,190
48642 Bay City, MI $630 $720 $940 $1,300 $1,440
48650 Bay City, MI $580 $680 $880 $1,150 $1,250
48652 Bay City, MI $730 $850 $1,100 $1,460 $1,590
48658 Bay City, MI $500 $590 $760 $990 $1,080
48659 Bay City, MI $510 $600 $770 $1,010 $1,090
48706 Bay City, MI $540 $630 $810 $1,060 $1,150
48707 Bay City, MI $520 $610 $790 $1,040 $1,120
48708 Bay City, MI $500 $590 $760 $1,000 $1,080
48710 Bay City, MI $520 $610 $790 $1,040 $1,120
48732 Bay City, MI $500 $590 $760 $990 $1,080
48747 Bay City, MI $630 $740 $950 $1,240 $1,350
48757 Bay City, MI $500 $580 $760 $950 $1,030

2022 Average & Median Rent Data Statistics
BAY CITY, MI average 1BR rent: $663, median: $620
BAY CITY, MI average 2BR rent: $859, median: $800
BAY CITY, MI average 3BR rent: $1,125, median: $1,060

BAY CITY, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,368 $207,030,000 $151,338
Cash Out Refi 518 $60,130,000 $116,081
Refi 263 $42,045,000 $159,867
Home Improvement 218 $13,810,000 $63,349
Other 129 $9,525,000 $73,837

Bay City's most frequently cited loan purpose was Home Purchase, with 1,368 originations. The 2nd most popular reason was Cash Out Refi, with 518 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 687 $93,805,000 $136,543
3-4% 491 $64,225,000 $130,804
4-5% 431 $65,145,000 $151,148
6-7% 342 $40,740,000 $119,123
2.5-3% 128 $21,550,000 $168,359
7-8% 120 $12,430,000 $103,583
<2.5% 107 $19,595,000 $183,131
Over 8% 56 $2,840,000 $50,714

During 2022, Bay City's most frequently originated rate bucket was 5-6%, with 687 originations.

Loan Sizing (BAY CITY, MI MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 1,170 $69,560,000 $59,453
$100k-200k 994 $137,880,000 $138,712
$200k-400k 293 $77,455,000 $264,352
$400k-600k 25 $11,995,000 $479,800
$600k-1000k 7 $4,755,000 $679,286
$Over $1MM 7 $30,895,000 $4,413,571

BAY CITY's loan sizing saw the bucket of loans from $100,000 or less with 1,170 originations, totaling $69,560,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,102 $175,070,000 $158,866
60-80% 597 $97,765,000 $163,760
40-60% 233 $23,065,000 $98,991
20-40% 223 $15,355,000 $68,857
Under 20% 183 $4,385,000 $23,962
Over 100% 9 $1,655,000 $183,889

BAY CITY's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,102 originations, totaling $175,070,000 in origination value.