Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Bailey area can be challenging. Home prices in Bailey are now at a median cost of $159,010, lower than the Michigan average of $196,062.
The average cost of rent is $948/mo in Bailey, primarily driven by the current value of real estate in the Bailey area. While nearly 42.77% of residents own their homes outright in Bailey, 14.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bailey is $5,676 per month. Households that rent pay about 16.70% of their income on rent here. Bailey's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Casnovia, MI: higher priced homes
- Grant, MI: equally priced homes
- Slocum, MI: higher priced homes
- Sun, MI: equally priced homes
- Kent City, MI: equally priced homes
- Bridgeton, MI: less expensive homes
- Moorland, MI: equally priced homes
- Ravenna, MI: equally priced homes
- Conklin, MI: higher priced homes
- Sparta, MI: higher priced homes
Cities with Similar Populations
- Prattsville, AR: less expensive homes
- Point Lookout, NY: higher priced homes
- Felda, FL: equally priced homes
- Bluejacket, OK: less expensive homes
- Corolla, NC: higher priced homes
- Scenic, AZ: less expensive homes
- Pewamo, MI: equally priced homes
- Gorman, TX: less expensive homes
- Fidelity, MO: higher priced homes
- Hemingford, NE: less expensive homes
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