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 7.16% 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 6.8% 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 6.98%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Bay City 30 Year Fixed Rate 2024-04-11 7.16%
Bay City 30 Year Fixed Rate Refi 2024-04-11 6.98%
Bay City 15 Year Fixed Rate 2024-04-11 5.96%
Bay City 15 Year Fixed Rate Refi 2024-04-11 6.76%
Bay City 30 Year FHA 2024-04-11 6.65%
Bay City 30 Year FHA Refi 2024-04-11 6.54%
Bay City 30 Year USDA 2024-04-11 6.81%
Bay City 30 Year USDA Refi 2024-04-11 6.91%
Bay City 30 Year VA 2024-04-11 6.47%
Bay City 30 Year VA Refi 2024-04-11 6.67%
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.