How much do homeowners pay a month in Bay Township, MI?

Name: Homeowner costs in Bay Township, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

Homeowners with a mortgage in Bay Township, MI pay a median of $1,456 (±$109) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $645 (±$83).

54.9% of owned homes carry a mortgage.

In Bay Township, the median monthly cost with a mortgage went from $1,331 in 2015–2019 to $1,456 in 2020–2024 (+9.4%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

With a mortgage: $1,456 (±$109)
Without a mortgage: $645 (±$83)
Owned with a mortgage: 54.9%

Monthly owner costs in Bay Township

Median selected monthly owner costs, estimate (90% margin of error)
	Bay Township	Charlevoix County	Michigan	United States
With a mortgage	$1,456 (±$109)	$1,478 (±$37)	$1,569 (±$5)	$1,963
Without a mortgage	$645 (±$83)	$585 (±$18)	$602 (±$3)	$638
Owned homes with a mortgage	54.9% (±6.9 points)	55.4% (±2.0 points)	57.8% (±0.2 points)	60.6%
Median real estate taxes (a year)	$2,877 (±$248)	$2,493 (±$79)	$2,904 (±$9)	$3,119

Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.

In Bay Township, the median cost with a mortgage is not measurably different from Charlevoix County ($1,478).

It is also lower than in Michigan ($1,569).

It is lower than the national figure ($1,963).

In Charlevoix County, Bay Township ranks 11 of 18 places with a published estimate, from highest to lowest median monthly cost with a mortgage.

Statewide, it ranks 589 of 1,516.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How owner costs in Bay Township have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median owner cost with a mortgage	$1,331 (±$207)	$1,456 (±$109)	+9.4%	No measurable change after inflation
Median real estate taxes	$2,152 (±$245)	$2,877 (±$248)	+33.7%	No measurable change after inflation
Median home value	$231,700 (±$25,448)	$368,000 (±$33,438)	+58.8%	Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median monthly cost with a mortgage in places near Bay Township

Nearest places with a published estimate, compared with Bay Township
Place	Distance	Median monthly cost with a mortgage	Compared with this place
Bay Township	—	$1,456 (±$109)	—
Resort Township	2.6 mi	$1,850 (±$86)	Higher
Evangeline Township	3.4 mi	$1,951 (±$239)	Higher
Petoskey	4.9 mi	$1,669 (±$134)	Higher
Hayes Township (Charlevoix County)	5.2 mi	$1,424 (±$106)	Not measurably different
Boyne City	6.2 mi	$1,475 (±$117)	Not measurably different
Eveline Township	6.6 mi	$1,745 (±$308)	Not measurably different
Melrose Township	7.7 mi	$1,445 (±$95)	Not measurably different
Bear Creek Township	7.9 mi	$1,778 (±$410)	Not measurably different

Nearby places with a measurably higher figure: Resort Township, MI ($1,850), Evangeline Township, MI ($1,951), Petoskey, MI ($1,669).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median monthly cost with a mortgage across Charlevoix County, place by place

Rank	Place	Median monthly cost with a mortgage
5	Charlevoix Township	$1,672 (±$115)
6	Wilson Township (Charlevoix County)	$1,622 (±$123)
7	Charlevoix	$1,560 (±$215)
8	South Arm Township	$1,495 (±$179)
9	Hudson Township (Charlevoix County)	$1,491 (±$133)
10	Boyne City	$1,475 (±$117)
11	Bay Township	$1,456 (±$109)
12	Marion Township (Charlevoix County)	$1,446 (±$137)
13	Melrose Township	$1,445 (±$95)
14	Hayes Township (Charlevoix County)	$1,424 (±$106)
15	St. James Township	$1,333 (±$566)
16	Chandler Township (Charlevoix County)	$1,250 (±$557)
17	Boyne Valley Township	$1,216 (±$92)

Showing 13 of 18 places in Charlevoix County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Bay Township

What is the average mortgage payment in Bay Township?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Bay Township, MI is $1,456 (±$109) a month, including taxes, insurance and utilities.

How much does it cost to own a paid-off home in Bay Township?

Owners without a mortgage in Bay Township pay a median of $645 (±$83) a month in taxes, insurance, utilities and fees.

Has the cost of owning a home in Bay Township gone up?

In Bay Township, the median monthly cost with a mortgage went from $1,331 in 2015–2019 to $1,456 in 2020–2024 (+9.4%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Bay township, Charlevoix County, Michigan (county subdivision:06000, in state:26 county:029).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.