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MI area data

Dollar Bay, MI

Dollar Bay, MI.

Population: 842 (Census ACS)

Home values & appreciation

Median home value
$193,428
1-year appreciation
+7.5%
3-year appreciation
+1.4%
5-year appreciation
+17.9%
All-time peak (2026-07)
$193,428
House Price Index
387.5 (+5.5% YoY)

Market activity

Median sale price
$192,500
Median list price
$159,500
Median days on market
43 days
Sale-to-list ratio
98.7%
Active listings
1
1-year forecast
+3.2%

Affordability

Cost of living index (Below Average)
92.0 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
1
Elementary schools
0
Middle schools
0
High schools
0

Natural hazards & flood risk

Overall hazard risk
Very Low
Top hazards
winterWeather, coldWave

Climate (30-year normals)

Average annual temperature
41.0°F
Average high
52.0°F
Average low
30.0°F

Amenities

National parks within ~60 mi
1
Nearest national park
Keweenaw National Historical Park (5 mi)
Nearest airport
Houghton County Memorial Airport (CMX) (4 mi)
Nearest major airport
Houghton County Memorial Airport (CMX) (4 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
Solar radiation rating
Fair (3.6 kWh/m²/day)

Migration

Net migration
-179 tax filers

Housing stock

Median year housing built
1,959
Median annual property tax
$1,244
Households with broadband internet
70.0%

Employment & development

Total county employment
8,778
Average weekly wage
$882
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
103

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents