Bay County, FL

Comprehensive housing, income, and cost of living data for Bay County, Florida. Population: 181.1K.

Median Home Price
$302.5K

Based on 10 cities

Median Household Income
$70.2K

Annual household income

Price-to-Income Ratio
4.3x

Moderately affordable

Salary Needed to Buy
$76.9K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$1,653

Average annual amount

Effective Tax Rate
0.55%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,530
Property Tax$138
Insurance$126
Total Monthly$1,794
Historical Home Prices
2015
$180.6K
2016
$187.5K
+3.8%%
2017
$199.1K
+6.2%%
2018
$219.6K
+10.3%%
2019
$225.5K
+2.7%%
2020
$254.2K
+12.7%%
2021
$305.9K
+20.3%%
2022
$357.4K
+16.8%%
2023
$360.6K
+0.9%%
2024
$348.3K
-3.4%%
2025
$335.8K
-3.6%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.0%%

Below national average

Population Density
239

People per square mile

Homicide Rate
5.6

Low (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
73.7%
Black
9.8%
Hispanic
8.4%
Asian
1.9%
Two or More Races
5.2%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
68°F

Annual average

Sunny Days
217

Days per year

Annual Rainfall
58.3"

Inches per year

Natural Disaster Risk
High Risk

Score: 94/100

January Low
21°F

Average winter low

July High
85°F

Average summer high

Frequently Asked Questions

What is the median home price in Bay County, FL?

The median home price in Bay County, Florida is $302.5K. The price-to-income ratio is 4.3x, meaning the median home costs 4.3 times the median household income.

What salary do you need to buy a home in Bay County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $76.9K per year to buy the median home in Bay County, FL. Monthly housing costs break down to $1,530 for mortgage, $138 for property tax, and $126 for insurance.

What is the property tax rate in Bay County?

The effective property tax rate in Bay County is 0.55%, which comes to approximately $1,653 per year on the median home.

What is the median household income in Bay County?

The median household income in Bay County, Florida is $70.2K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.0%%.

Is Bay County a good place to live?

Bay County, Florida has a population of 181.1K. Housing affordability is moderate with a price-to-income ratio of 4.3x. The climate averages 68 degrees F with 217 sunny days per year. Compare Bay County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.