- Mid Michigan area residential and commercial property management, and leasing agent. We manage over 100 rental units, including Condos,Single family homes, multi units, and complexes. View full company profile
As of 2008, the rental vacancy rate in Bay City stood at 11%, relatively high compared to the rest of the country. There are about 48,132 housing units, averaging $113,600 in value, 21% of which are occupied by renters. The rent to price ratio in Bay City is 0.5%, slightly higher than the Michigan average. For 20% of Bay City tenants, 30% or more of their income goes to paying rent.
Bay City has a population of 107,596, comprised of 44,204 households, with on average 2 members per household. Out of approximately 54,712 people in the civilian workforce, 50,058 (92%) were employed in 2008. 87% of the population 25 and older has earned a high school diploma, with 18% holding a 4 year college degree.