Bay City, MI · Michigan
Bay County
ZIP 48634
103,235 residents37 permits TTM$60,523 median HHI10 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$135,100
ACS 5-Year
Cap rate proxy
7.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.0%
HUD FMR ÷ ACS HHI
Net migration
+1.44%
IRS SOI
Permits (TTM)
37
Census BPS
Climate risk
78.2
FEMA NRI (0–100)
ZIP 48634
Median home value
—
Gross yield
—
Buy Box score
0.9
Section 8 gap
—
Affordability
P/I: 3.2R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown10 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 48706 | — | — | — | 8.5% | — |
| 48708 | — | — | — | 8.3% | — |
| 48613 | — | — | — | 7.2% | — |
| 48710 | — | — | — | 7.2% | — |
| 48650 | — | — | — | 5.5% | — |
| 48634 | — | — | — | 5.0% | — |
| 48732 | — | — | — | 4.9% | — |
| 48747 | — | — | — | 4.8% | — |
| 48631 | — | — | — | 4.5% | — |
| 48611 | — | — | — | 4.4% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
76.4%
Census ACS
Vacancy rate
7.6%
Census ACS
Bachelor's degree +
21.4%
Census ACS
Rent burdened
39.6%
Census ACS (>30% income)
Median age
43.8
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026