Bailey, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bailey, CO Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bailey Housing Market Information

With 9,414 people, 2,177 houses or apartments, and a median cost of homes of $324,370, real estate costs in Bailey are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Colorado communities.

Single-family detached homes are the single most common housing type in Bailey, accounting for 93.79% of the town's housing units. Other types of housing that are prevalent in Bailey include mobile homes or trailers ( 2.54%), large apartment complexes or high rise apartments ( 1.80%), and a few row houses and other attached homes ( 1.64%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bailey. Owner-occupied housing accounts for 83.98% of Bailey's homes, and 59.19% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bailey built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bailey built between 1940-1969 ( 18.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.76%). There's also some housing in Bailey built before 1939 ( 4.75%).

Vacant housing appears to be an issue in Bailey. Fully 20.54% of the housing stock is classified as vacant. Left unchecked, vacant Bailey homes and apartments can be a drag on the real estate market, holding Bailey real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bailey Home Appreciation Rates

In the last 10 years, Bailey has experienced some of the highest home appreciation rates of any community in the nation. Bailey real estate appreciated 20.55% over the last ten years, which is an average annual home appreciation rate of 1.89%, putting Bailey in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bailey definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Bailey that despite a nationwide downturn in the housing market, Bailey real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bailey appreciation rates continue to be some of the highest in America, at 9.87%, which is higher than appreciation rates in 93.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bailey. Bailey appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.

Importantly, this makes Bailey one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Colorado, our data show that Bailey's latest annual appreciation rate is higher than 70% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$324,370

Bailey, CO HOME PRICES

Value Range
> $1,321,000 0.0
$991,001 - $1,321,000 0.3
$661,001 - $991,000 6.8
$529,001 - $661,000 4.6
$396,001 - $529,000 23.2
$264,001 - $396,000 39.3
$132,001 - $264,000 20.2
$66,001 - $132,000 1.0
$0 - $66,000 4.6

Average for CO
Very High for Nation

Value Relative to Nation Value Relative to State
14.162662604008 41.0480349344978

Number Of Homes And Apartments:
2,177

Bailey Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
42.78% 2.09% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,113 / per month

Homeownership Rate

Homeownership
Owners 83.98
Renters 16.02
Vacant 20.54

Housing Market Details

 

Age of Homes

AGE OF Bailey HOMES
2000 or Newer 13.8
1970 - 1999 63.2
1940 - 1969 18.2
1939 or Older 4.8

Types of Homes

TYPE OF Bailey HOMES
Single-Family 93.8
Townhomes 1.6
Small Apt. Buildings 0.2
Apt. Complexes 1.8
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Bailey HOMES
No Bedroom 2.90
1 Bedroom 9.03
2 Bedrooms 26.60
3 Bedrooms 47.96
4 Bedrooms 11.22
5 or more bedrooms 2.29

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Zip Codes in Bailey, CO