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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Bay Shore, MI Housing Affordability Index

Bay Shore, Michigan has an MBR Housing Affordability Index score of 166.4 (Highly Affordable) as of October 30, 2026, ranking 90th most affordable of 629 scored Michigan cities, compared with 108.6 statewide and 97.4 nationally. On a median-priced $153,600 home with 20% down, the Michigan average 30-year fixed rate of 7.31% means a monthly principal and interest payment of about $843, or 13% of the city’s $75,217 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Bay Shore is updated every night from live Michigan mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Bay Shore MBR-HAI 166.4 Highly Affordable
Rank in Michigan 90 of 629 1 = most affordable
Michigan 108.6 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.31% Michigan lenders
Median home value $153,600 U.S. Census Bureau

Bay Shore is 57.8 points above the Michigan score. Scores as of October 30, 2026. See the Michigan index

View Bay Shore Mortgage Rates

What It Takes to Buy in Bay Shore

$843/mo
Principal & Interest
Median home, 20% down, 7.31%
$36,100
Income Needed
To keep the payment at 28% of income
$75,217
Median Household Income
Michigan: $72,875
2.0x
Price-to-Income Ratio
Michigan: 3.2x
$912/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,324/yr
Median Property Tax
1.51% of median value
8.0%
Owner Cost Burden
Owners spending 30%+ of income on housing
16.4%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Bay Shore, Michigan. The rate is the Michigan average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Bay Shore Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Bay Shore, Michigan score: 166.4 (Highly Affordable), ranked 90 of 629 Michigan cities. monitorbankrates.com/housing-affordability-index/michigan/bay-shore”