48708 — Bay City, MI Home Values
Typical home value $140,329 as of June 2026 · 10th of 10 in Bay City, MI
Blue: typical home value (Zillow ZHVI) in ZIP code 48708, June 2021 to June 2026. This page shows observed data only; no forecast.
How 48708 compares in the Bay City, MI area
ZIP code 48708 (Bay City, MI) has a typical home value of $140,329 as of June 2026, ranking 10th of 10 ZIP codes tracked in the Bay City, MI area, more expensive than about 10% of ZIP codes in the metro. Prices here have moved +7.0% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +40.1%, from $100,166 in June 2021 to $140,329 in June 2026. Against observed rent, the typical home here sells for 9.9× the annual rent ($1,179/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Bay City, MI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Bay City.
Population and demographics
ZIP code 48708 has a population of 25,751, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 81.5% White, 10.8% Hispanic or Latino, 3.7% two or more races, 2.8% Black or African American, 0.8% Asian, 0.2% American Indian or Alaska Native, and 0.2% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Hampton Elementary School | 1908 W YOUNGS DITCH RD, BAY CITY, MI | 1.8 mi |
| MacGregor Elementary School | 1012 FREMONT ST, BAY CITY, MI | 2.2 mi |
| Bay City Central High School | 1624 COLUMBUS AVE, BAY CITY, MI | 2.5 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 48708?
$140,329 as of June 2026, the latest month Zillow has published observed data for.
Is 48708 an expensive ZIP code in the Bay City, MI area?
48708 ranks 10th of 10 ZIP codes in the Bay City, MI area by typical home value, more expensive than about 10% of ZIP codes in the metro.
How much have home values in 48708 changed over the past year?
+7.0% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 48708?
The typical home price is 9.9× the observed annual rent in this ZIP code ($1,179/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 48708?
25,751, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 48708?
Hampton Elementary School (1.8 mi), MacGregor Elementary School (2.2 mi), Bay City Central High School (2.5 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 48708?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Bay City, MI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.