Housing data for Dollar Bay, MI
Dollar Bay, MI has an estimated 1,049 residents and 460 homes (US Census Bureau, 2020–2024 American Community Survey).
It is an unincorporated community in Houghton County.
10.6% of households rent.
The median gross rent is $825 a month.
Figures last updated on .
- Residents
- 1,049 (±184)
- Housing units
- 460 (±77)
- Households that rent
- 10.6%
- Median gross rent
- $825
- Residents since 2015–2019
- +23.0%
What stands out in Dollar Bay
Households that rent: 10.6% (±6.2 points) in Dollar Bay, lower than in Houghton County (28.2%).
Working from home: 5.7% (±4.4 points) in Dollar Bay, lower than in Houghton County (11.0%).
Housing in Dollar Bay at a glance
- Median rent: $825 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms: $785 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 57.5% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 10.6% of households rent (Small sample: wide margin of error)
- Income and affordability: $61,250 median household income
- Home values: $153,100 median home value
- Homeowner costs: $1,115 median monthly cost with a mortgage
- Property taxes: $1,599 median real estate taxes a year
- Types of homes: 2.8% of homes are in buildings of 5 or more units
- Bedrooms: 67.6% of homes have 3 or more bedrooms
- Age of homes: 69.3% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 75.5% heat with utility gas
- Commute and cars: 17.4 minutes average trip to work
- Growth: +23.0% residents since 2015–2019
- How long people stay: 18.3% moved in since 2020
- Crowding and facilities: 3.2% of homes have more than 1 person per room (Small sample: wide margin of error)
Dollar Bay against Houghton County, its state and the nation
| Dollar Bay | Houghton County | Michigan | United States | |
|---|---|---|---|---|
| Residents | 1,049 (±184) | 37,693 (exact) | 10,077,761 (exact) | 334,922,499 |
| Housing units | 460 (±77) | 18,870 (±116) | 4,622,236 (±795) | 143,775,355 |
| Households that rent | 10.6% (±6.2 points) | 28.2% (±1.8 points) | 26.8% (±0.2 points) | 34.8% |
| Median gross rent | $825 (±$180) | $840 (±$73) | $1,129 (±$4) | $1,413 |
| Median household income | $61,250 (±$16,564) | $58,899 (±$3,371) | $72,875 (±$293) | $80,734 |
| Median home value | $153,100 (±$61,273) | $159,900 (±$7,874) | $231,600 (±$642) | $332,700 |
| Median real estate taxes (a year) | $1,599 (±$454) | $1,858 (±$110) | $2,904 (±$9) | $3,119 |
| Built before 1980 | 69.3% (±13.8 points) | 70.6% (±3.0 points) | 62.1% (±0.2 points) | 49.7% |
| Average commute | 17.4 minutes (±5.5) | 15.6 minutes (±1.0) | 24.2 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 87.0% (±8.3 points) | 88.7% (±1.5 points) | 90.5% (±0.1 points) | 91.0% |
| Median age of residents | 31.3 years (±4.1) | 32.2 years (±0.5) | 40.2 years (±0.1) | 38.9 years |
Dollar Bay covers 3.9 square miles of land, about 267 residents per square mile (Census Bureau Gazetteer).
How Dollar Bay has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 853 (±168) | 1,049 (±184) | +23.0% | Not a measurable change |
| Housing units | 411 (±59) | 460 (±77) | +11.9% | Not a measurable change |
| Median gross rent | $745 (±$157) | $825 (±$180) | +10.7% | No measurable change after inflation |
| Median home value | $118,500 (±$37,567) | $153,100 (±$61,273) | +29.2% | No measurable change after inflation |
| Median household income | $51,250 (±$20,525) | $61,250 (±$16,564) | +19.5% | No measurable change after inflation |
| Median owner cost with a mortgage | $861 (±$208) | $1,115 (±$134) | +29.5% | No measurable change after inflation |
| Median real estate taxes | $1,253 (±$126) | $1,599 (±$454) | +27.6% | No measurable change after inflation |
| Households that rent | 20.6% (±9.1 points) | 10.6% (±6.2 points) | −10.0 percentage points | Not a measurable change |
| Rental vacancy rate | 12.2% (±18.7 points) | 0.0% (±45.1 points) | −12.2 percentage points | Not a measurable change |
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.
Crime reported to police in Houghton County
Dollar Bay has no police department of its own in the FBI’s figures, so this is the figure for Houghton County as a whole.
In 2025, the police departments that report for Houghton County recorded 66 violent and 380 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Dollar Bay
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 49922 | 71% | 842 | $825 | $121,000 | $55,313 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Dollar Bay
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Franklin Township (Houghton County) | 2.3 mi | $817 | $196,800 | 19.2% |
| Houghton | 3.0 mi | $978 | $254,500 | 63.1% |
| Hancock | 4.3 mi | $835 | $165,600 | 44.4% |
| Quincy Township (Houghton County) | 4.6 mi | $833 | $231,000 | 22.4% |
| Hancock Township | 6.7 mi | — | $335,600 | 1.5% |
| Lake Linden | 6.7 mi | $543 | $97,000 | 40.5% |
| Torch Lake Township (Houghton County) | 7.4 mi | $725 | $170,700 | 5.7% |
| South Range | 7.6 mi | $817 | $101,100 | 27.7% |
Places in Michigan most like Dollar Bay
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| West Branch Township (Ogemaw County) | $873 | $171,600 | $62,955 | 12.3% |
| Maple Ridge Township (Alpena County) | $737 | $166,000 | $65,096 | 13.0% |
| Coe Township | $798 | $161,000 | $59,878 | 17.7% |
| Albert Township | $811 | $170,200 | $54,423 | 14.7% |
| Bingham Township (Huron County) | $775 | $157,100 | $61,417 | 17.6% |
| Paris Township | $850 | $164,900 | $62,115 | 16.3% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Michigan.
HUD Fair Market Rent for Dollar Bay, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $801 | $806 | $1,033 | $1,430 | $1,727 |
HUD income limits for Dollar Bay, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $18,800 | $31,300 | $50,050 |
| 2 people | $21,640 | $35,800 | $57,200 |
| 3 people | $27,320 | $40,250 | $64,350 |
| 4 people | $33,000 | $44,700 | $71,500 |
| 5 people | $38,680 | $48,300 | $77,250 |
| 6 people | $44,360 | $51,900 | $82,950 |
| 7 people | $50,040 | $55,450 | $88,700 |
| 8 people | $55,720 | $59,050 | $94,400 |
These are the limits HUD sets for its housing programs in the Houghton County, MI, where HUD’s median family income for fiscal year 2026 is $89,400.
A program can use its own limits; tax-credit and local programs often do.
Dollar Bay is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Osceola Township (Houghton County), whose figures include it.
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 Dollar Bay
What is the median household income in Dollar Bay?
The median household income in Dollar Bay is $61,250 (±$16,564) a year (2020–2024 American Community Survey).
What is the average home value in Dollar Bay, MI?
The Census Bureau publishes the median: $153,100 (±$61,273) for owner-occupied homes in Dollar Bay (2020–2024 American Community Survey).
What is the average mortgage payment in Dollar Bay?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Dollar Bay, MI is $1,115 (±$134) a month, including taxes, insurance and utilities.
How much are property taxes in Dollar Bay?
The median real estate tax paid by homeowners in Dollar Bay, MI is $1,599 (±$454) a year (2020–2024 American Community Survey).
How many homes are in Dollar Bay?
Dollar Bay, MI has an estimated 460 (±77) housing units, occupied and vacant (2020–2024 American Community Survey).
What is the most common home size in Dollar Bay?
The most common size is 3 bedrooms, 44.3% of homes in Dollar Bay, MI.
Is Dollar Bay growing?
In Dollar Bay, the number of residents went from 853 in 2015–2019 to 1,049 in 2020–2024 (+23.0%), not a measurable change.
What ZIP codes are in Dollar Bay?
The ZIP code that covers Dollar Bay is 49922.
What is the median rent in ZIP code 49922?
The median gross rent in ZIP Code Tabulation Area 49922 is $825 (±$180) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Dollar Bay CDP, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Dollar Bay CDP, Michigan
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Dollar Bay CDP, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Dollar Bay CDP, Michigan
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Dollar Bay CDP, Michigan
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Dollar Bay CDP, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Dollar Bay CDP, Michigan
- HUD Fair Market Rents, fiscal year 2027: Houghton County, MI
- HUD Income Limits, fiscal year 2026: Houghton County, MI
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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) for Dollar Bay CDP, Michigan (place:22520, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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.
Figures last updated on .