As of July 23, 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 ($1,198,500, about 628.8% higher), First Nations ($727,400, about 342.3% higher), Shuniah ($642,400, about 290.6% higher), Neebing ($575,000, about 249.7% higher), Thunder Bay Remote Area ($499,900, about 204% higher), Thunder Bay ($412,500, about 150.8% 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 ($149,999, about 8.8% lower), Schreiber ($147,450, about 10.3% lower), and Nipigon ($139,900, about 14.9% lower).