Arthur Bay / Wallace median real estate price is $162,413, which is more expensive than 65.8% of the neighborhoods in Michigan and 41.8% of the neighborhoods in the U.S.
The average rental price in Arthur Bay / Wallace is currently $785, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 75.7% of Michigan neighborhoods.
Arthur Bay / Wallace is a rural neighborhood (based on population density) located in Menominee, Michigan.
Arthur Bay / Wallace real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Arthur Bay / Wallace neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Arthur Bay / Wallace. The current real estate vacancy rate here is 27.2%. This is higher than the rate of vacancies in 92.5% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (17.4%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.