Expensive
Affordable
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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 $202,431, lower than the North Carolina average of $323,314.
The average cost of rent is $914/mo in Bailey, primarily driven by the current value of real estate in the Bailey area. In Bailey, 18.66% of households rent, and 41.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bailey is $7,323 per month. Households that rent pay about 12.48% of their income on rent here. Bailey’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sims, NC: higher priced homes
- Lamm, NC: less expensive homes
- Samaria, NC: less expensive homes
- Stanhope, NC: less expensive homes
- Stotts Crossroads, NC: higher priced homes
- Frazier Crossroads, NC: less expensive homes
- Rocky Cross, NC: equally priced homes
- Middlesex, NC: higher priced homes
- Spring Hope, NC: less expensive homes
- Winstead Crossroads, NC: higher priced homes
Cities with Similar Populations
- Brookville, IN: higher priced homes
- Jasper, FL: less expensive homes
- Calipatria, CA: equally priced homes
- Whitwell, TN: less expensive homes
- Willcox, AZ: less expensive homes
- Winthrop Harbor, IL: higher priced homes
- Hartland, MI: higher priced homes
- Winterset, IA: higher priced homes
- Indian Head, MD: higher priced homes
- Winnsboro, TX: equally priced homes
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