Bay City, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bay City Neighborhoods Since 2000




Bay City, TX Real Estate Data


Bay City Housing Market Information

With 17,598 people, 6,236 houses or apartments, and a median cost of homes of $115,587, house prices in Bay City are solidly below the national average.

Single-family detached homes are the single most common housing type in Bay City, accounting for 60.63% of the city's housing units. Other types of housing that are prevalent in Bay City include large apartment complexes or high rise apartments ( 20.25%), duplexes, homes converted to apartments or other small apartment buildings ( 9.79%), and a few mobile homes or trailers ( 7.04%).

People in Bay City primarily live in small (one, two or no bedroom) single-family detached homes. Bay City has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Bay City built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bay City built between 1940-1969 ( 38.38%). A lesser amount of the housing stock also hails from before 1939 ( 7.44%). There's also some housing in Bay City built between 2000 and later ( 3.11%).

Vacant housing appears to be an issue in Bay City. Fully 22.16% of the housing stock is classified as vacant. Left unchecked, vacant Bay City homes and apartments can be a drag on the real estate market, holding Bay City real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bay City Home Appreciation Rates

In the last 10 years, Bay City has experienced some of the highest home appreciation rates of any community in the nation. Bay City real estate appreciated 39.04% over the last ten years, which is an average annual home appreciation rate of 3.35%, putting Bay City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bay City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Bay City that despite a nationwide downturn in the housing market, Bay City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bay City appreciation rates continue to be some of the highest in America, at 6.41%, which is higher than appreciation rates in 79.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bay City. Bay City appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.99%.

Importantly, this makes Bay City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Bay City's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bay City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bay City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bay City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$115,587

Bay City, TX HOME PRICES

Value Range
> $1,187,000 0.0
$891,001 - $1,187,000 0.5
$594,001 - $891,000 0.1
$475,001 - $594,000 0.2
$356,001 - $475,000 3.1
$238,001 - $356,000 8.4
$119,001 - $238,000 35.8
$59,001 - $119,000 34.0
$0 - $59,000 17.9

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
68.8938338115594 52.1359223300971

Number Of Homes And Apartments:
6,236

Rent & Ownership

 

Average Market Rent:
$861 / per month

Homeownership Rate

Homeownership
Owners 53.69
Renters 46.31
Vacant 22.16

Housing Market Details

 

Age of Homes

AGE OF Bay City HOMES
2000 or Newer 3.1
1970 - 1999 51.1
1940 - 1969 38.4
1939 or Older 7.4

Types of Homes

TYPE OF Bay City HOMES
Single-Family 60.6
Townhomes 2.1
Small Apt. Buildings 9.8
Apt. Complexes 20.2
Mobile Homes 7.0
Other 0.2

Home Size

SIZE OF Bay City HOMES
No Bedroom 0.85
1 Bedroom 12.94
2 Bedrooms 38.53
3 Bedrooms 36.40
4 Bedrooms 10.19
5 or more bedrooms 1.09

Bay City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
74.13% 3.32% 6 9
* 10 is highest