Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$343,0090.0% YoY · prices are flat
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 21% have cut their price
Income needed to buy, per year$74,357About 1.0× the local median income ($76,080): affordable for a typical household
Days on market104 daysAbout the same pace as a year ago
Next 12 months−0.3%Zillow expects prices to stay about flat
The typical home in Bay County, FL is worth $343,009, about the same as a year ago. That is slightly below what local incomes have historically supported: fair value is about $350,220, so the area is 2.1% undervalued. It is a balanced market, leaning toward buyers: homes take about 104 days to sell, listings are down 4% from a year ago, 21% of listings have had a price cut. Zillow expects prices to fall about 0.3% over the next year. A household needs about $74,357 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,080. Typical rent is $1,735 a month, or $2,142 for a house. In the latest IRS figures, 4,173 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$343,009
Change in 1 year
0.0%
Overvalued %
−2.1%
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Fair home value
$350,220
Change in 5 years
+15.8%
Zillow forecast, next 12 months
−0.3%
Home value to income
4.5×
Monthly mortgage payment (20% down)
$1,859
Income needed to afford it
$74,357
Property tax rate
0.58%
Rent and investing
Typical rent
$1,735
Typical rent for houses
$2,142
Price-to-rent ratio
16.5×
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HUD Fair Market Rent, 2 bedrooms
$1,651
Gross rental yield
6.07%
Cap rate (estimate)
3.94%
Market activity
Listings vs a year ago
−4.1%
Days on market
104
Listings with a price cut
20.9%
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Homes for sale
2,740
Pending sales per 100 listings
19
Asking price per sq ft
$292
People and jobs
Median household income
$76,080
Population change (1 year)
+2.2%
Unemployment rate
3.9%
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Population
204,479
Income adjusted for cost of living
$78,191
Net moves in (IRS)
+4,173
Cost of living (US = 100)
97.3
Schools, risk and environment
School rating (1 to 10)
5.6
FEMA hazard risk score (0 to 100)
94.1
Unhealthy air days a year
0
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Flood risk score
77.2
Wildfire risk score
75.7
Walkability (1 to 20)
9.5
Road, rail and air noise
54 dB
Questions people ask
Is Bay County, FL overvalued?
Home prices in Bay County, FL are slightly below what local incomes have historically supported: fair value is about $350,220, so the area is 2.1% undervalued.
Is Bay County, FL a buyer's or seller's market?
Bay County, FL is a balanced market, leaning toward buyers: homes take about 104 days to sell, listings are down 4% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Bay County, FL?
Home values in Bay County, FL are up 0.0% over the last year. Zillow's forecast for the next 12 months is −0.3%.
How much do you need to earn to buy a home in Bay County, FL?
A household needs about $74,357 a year to afford the typical home in Bay County, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,080.