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Dollar Bay, MI
Full City Profile · Michigan · Keweenaw County County
3.2
/5.0
B
Good
1,070
Population
272/sq mi density
$63,500
Median Income
$34,893 per capita
$196,200
Home Value
$164,891 Zillow
$800
Median Rent
21.3% income on rent
41°F
Avg Temperature
253 sunny days/yr
66
Violent Crime/100K
1,258 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$63,500 median income, 0.9% unemployment
A+
Affordability
4.9 / 5.0
$196,200 home value, $800/mo rent
F
Safety
1.0 / 5.0
66 violent crimes/100K
C+
Education
2.8 / 5.0
22.1% bachelor's degree or higher
Housing Overview
Median Home Value
$196,200
30% below
US avg: $281,900
Median Rent
$800/mo
31% below
US avg: $1,163/mo
Homeownership Rate
87.3%
33% above US avg (65.4%)
Total Housing Units
489
Median year built: 1972
Home Value by Source
Census Median
$196,200
Zillow (ZHVI)
$164,891
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
87.3%
Owner-Occupied
12.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$800/mo
Affordability & Housing Stock
Rent Burden
21.3%
of renters spending 30%+ of income on housing
31% below US avg (31.0%)
Median Year Built
1972
Average age of housing stock: 54 years
Homeownership Rate
87.3%
Complete Housing Data
Home Values
| Census Median Value | $196,200 |
| Zillow Home Value (ZHVI) | $164,891 |
Rent
| Census Median Rent | $800 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 87.3% |
| Renter-Occupied | 12.7% |
| Homeownership Rate | 87.3% |
| Total Housing Units | 489 |
| Median Year Built | 1972 |
| Rent Burden | 21.3% |