House Prices

House Prices & Home Values Dollar Bay, MI 2026


Average Data

average house price$145,810
average size per house1463 ft²
average price per ft²100 $ / ft²

04/21/2026 - The value range (VR) for house prices in Dollar Bay, MI is $125/ sqft to $125/ sqft. An average home with 1463 sqft costs approximately $182,875 to $182,875. Dollar Bay, MI includes 1 ZIP codes and it is located in Houghton county. The lowest prices are found in ZIP 49922, while the highest are in ZIP 49922. The average price per sqare feet is $100. Our analysis is based on 11 property listings.

Avergage prices by ZIP codes Dollar Bay

49922129 $ / ft²




Historical development of home values in Dollar Bay

Year Estimated value (USD) Change vs. 2025
2010 $67,717 -53.6%
2011 $65,098 -55.4%
2012 $64,923 -55.5%
2013 $67,350 -53.8%
2014 $70,698 -51.5%
2015 $74,327 -49.0%
2016 $78,206 -46.4%
2017 $82,427 -43.5%
2018 $86,984 -40.3%
2019 $91,017 -37.6%
2020 $95,722 -34.4%
2021 $108,874 -25.3%
2022 $126,923 -13.0%
2023 $133,846 -8.2%
2024 $141,589 -2.9%
2025 $145,810 0.0%

Graph: estimated home values in Dollar Bay over time (USD)



Example: 100% financing house in Dollar Bay

Loan amount: $145,810

Interest rate: 6.00%

Fixed monthly payment: $874.20

Breakdown in the 1st month:
Interest portion: $729.05  –  Principal portion: $145.15

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $8,699.89 $1,790.56 $144,019.44
2 $8,589.45 $1,901.00 $142,118.43
3 $8,472.20 $2,018.25 $140,100.18
4 $8,347.72 $2,142.73 $137,957.45
5 $8,215.56 $2,274.89 $135,682.56
6 $8,075.25 $2,415.20 $133,267.36
7 $7,926.29 $2,564.17 $130,703.19
8 $7,768.14 $2,722.32 $127,980.87
9 $7,600.23 $2,890.23 $125,090.64
10 $7,421.97 $3,068.49 $122,022.16
11 $7,232.71 $3,257.75 $118,764.41
12 $7,031.78 $3,458.68 $115,305.73
13 $6,818.46 $3,672.00 $111,633.73
14 $6,591.97 $3,898.48 $107,735.25
15 $6,351.52 $4,138.93 $103,596.32
16 $6,096.24 $4,394.21 $99,202.11
17 $5,825.22 $4,665.24 $94,536.87
18 $5,537.48 $4,952.98 $89,583.89
19 $5,231.99 $5,258.47 $84,325.43
20 $4,907.66 $5,582.80 $78,742.63
21 $4,563.32 $5,927.13 $72,815.50
22 $4,197.75 $6,292.71 $66,522.79
23 $3,809.63 $6,680.83 $59,841.97
24 $3,397.57 $7,092.88 $52,749.08
25 $2,960.10 $7,530.36 $45,218.72
26 $2,495.64 $7,994.81 $37,223.91
27 $2,002.54 $8,487.92 $28,735.99
28 $1,479.02 $9,011.43 $19,724.56
29 $923.22 $9,567.24 $10,157.32
30 $333.13 $10,157.32 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Dollar Bay, MI


1500 sqft3900 sqft
Ø selling price$181,501$386,101
Ø fast selling$165,000$347,490
Ø high price sale$198,001$424,711

In 2026, houses in Dollar Bay, MI will be offered at an average price of $100 per square foot. A 1,500 sqft home priced at $181,501 is 23.62% more expensive per square foot than a 3,900 sqft home priced at $386,101. Home prices in Dollar Bay, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $267,300. Sellers who can wait longer may achieve a higher price of up to $326,700.


Guide to Dollar Bay, MI

Overview

Dollar Bay, MI is a scenic waterfront community in Houghton County on the Keweenaw Peninsula of Michigan?s Upper Peninsula.

Set along Torch Lake and minutes from Houghton and Lake Superior, Dollar Bay offers small-town charm with year-round adventure.

Outdoor Recreation

Outdoor enthusiasts love Dollar Bay for snowmobiling, cross-country skiing, and downhill runs at Mont Ripley in winter.

In warmer months, visitors enjoy boating, fishing, kayaking, and hiking forested trails with sweeping water views and plenty of things to do in Dollar Bay.

History and Culture

The area?s copper mining heritage is visible in historic sites and museums across the Keweenaw, enriching any visit to Dollar Bay Michigan.
Community events, school activities, and local sports create a friendly, close-knit culture that welcomes newcomers.

Amenities and Real Estate

Amenities include family-owned eateries, lakeside parks, and convenient access to Houghton?s shops, healthcare, and Michigan Tech.

Homebuyers will find a mix of waterfront cottages, starter homes, and seasonal cabins, making Dollar Bay real estate appealing for a range of budgets.

Travel Tips

To visit Dollar Bay MI, fly into Hancock?s Houghton County Memorial Airport or drive US-41 to the scenic Torch Lake shoreline.

Pack layers for lake-effect weather, plan lodging early in peak seasons, and enjoy authentic Upper Peninsula hospitality.



FAQ – Home Values in Dollar Bay

What is the median home value in Dollar Bay in 2026?

In 2026, the typical home value in Dollar Bay is about $145,810 for an average home size of 1463 square feet. This corresponds to an average price of roughly $100 per square foot.

What is the average cost per square foot in Dollar Bay?

In 2026, homes in Dollar Bay sell for an average of around $100 per square foot, with a typical range between $125 and $125 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Dollar Bay is about 1463 square feet, with an estimated 2026 value around $145,810.



Locations close to Dollar Bay, MI

Ewen, MI115 $ / ft²
Gaastra, MI73 $ / ft²
Greenland, MI141 $ / ft²
Dodgeville, MI77 $ / ft²
Crystal Falls, MI131 $ / ft²
Covington, MI522 $ / ft²
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