As of July 21, 2026, the median asking price for houses in
Terrace Bay is $164,450.
Compared with the other cities and townships in Thunder Bay:
Higher-priced than Terrace Bay:
Oliver Paipoonge ($1,099,000, about 568.3% higher), First Nations ($727,400, about 342.3% higher), Shuniah ($649,900, about 295.2% higher), Neebing ($589,900, about 258.7% higher), Thunder Bay Remote Area ($519,000, about 215.6% higher), Thunder Bay ($429,900, about 161.4% higher), Dorion ($274,900, about 67.2% higher), Marathon ($270,000, about 64.2% higher), Red Rock ($254,900, about 55% higher), and Greenstone ($227,400, about 38.3% higher).
Lower-priced than Terrace Bay:
Manitouwadge ($158,000, about 3.9% lower), Schreiber ($147,450, about 10.3% lower), and Nipigon ($139,900, about 14.9% lower).