BAY CITY Mortgage Rates & Closing Costs
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% |
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.).
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 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 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.
| 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.