Home prices
The median home in Bay is valued at $82,800. It is approximately $22,560 (21%) lower compared to its nearby areas.It is roughly $134,700 (61%) lower compared to the entire country, and compared to the city of Memphis it is about $19,000 (18%) lower.
Rents
The median monthly rent in Bay is $717. In comparison to the surrounding areas this is approximately $43 (6%) higher.Compared to the rest of the nation it is roughly $345 (32%) lower, and it is approximately $184 (20%) lower compared to the city of Memphis.
Nearby places
Jonesboro
Jonesboro is Bay's neighbor to the northwest. Housing prices there are a lot more expensive. The cost of the median home in Jonesboro is $152,900, which works out to $70,100 (45%) higher than Bay. Rents there are a little more expensive. The median rent in Jonesboro is $764 a month, which comes out to $47 (6%) higher than Bay.
Trumann
Trumann is approximately 5 miles south from Bay. Its real estate prices are a bit more expensive. Trumann's median home price is $96,100, which is $13,300 (13%) higher than Bay. Its rents are somewhat less expensive. The median monthly rent in Trumann is $656, which comes out to $61 (9%) lower than Bay.
Lake City
Lake City is about 7 miles northeast from Bay. Real estate prices there are a little more expensive. Lake City's median home value is $93,500, which works out to $10,700 (11%) higher than Bay. Its rents are a little more expensive. The median monthly rent in Lake City is $838, which is $121 (14%) higher than Bay.
Brookland
Brookland is about 11 miles north from Bay. Housing prices there are a bit more expensive. Brookland's median home cost is $110,700, which is $27,900 (25%) higher than Bay. Rents there are similar. In Brookland the median monthly rent is $748, which is $31 (4%) higher than Bay.
Black Oak
Black Oak is about 11 miles northeast from Bay. Its housing prices are a bit less expensive. The median home cost in Black Oak is $73,600, which works out to $9,200 (12%) lower than Bay. The rent there is significantly less expensive. In Black Oak the median monthly rent is $365, which works out to $352 (96%) lower than Bay.
