Bay View median real estate price is $213,034, which is more expensive than 81.5% of the neighborhoods in Michigan and 56.4% of the neighborhoods in the U.S.
The average rental price in Bay View is currently $872, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.4% of Michigan neighborhoods.
Bay View is a suburban neighborhood (based on population density) located in Petoskey, Michigan.
Bay View real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Bay View neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Bay View. The current real estate vacancy rate here is 28.0%. This is higher than the rate of vacancies in 93.1% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (21.7%). 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.