Bailey, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bailey, NC 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 565 people, 194 houses or apartments, and a median cost of homes of $106,343, house prices in Bailey are solidly below the national average.

Single-family detached homes are the single most common housing type in Bailey, accounting for 91.24% of the town's housing units. Other types of housing that are prevalent in Bailey include mobile homes or trailers ( 8.76%).

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 67.53% of Bailey's homes, and 58.96% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bailey's housing was primarily built during this period, from the '40s through the '60s. A full 43.03% of the town's housing hails from this era. Other housing ages represented in Bailey include homes built before 1939 ( 30.28%) and housing constructed between 1970-1999 ( 24.30%). There's also some housing in Bailey built between 2000 and later ( 2.39%).

Vacant housing appears to be an issue in Bailey. Fully 22.71% 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

Bailey's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bailey during the period has been just -0.90%, which is lower than 70% of US communities.

Over the last year, Bailey appreciation rates have trailed the rest of the nation. In the last twelve months, Bailey's appreciation rate has been -2.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bailey were at 0.85%, which equates to an annual appreciation rate of 3.43%.

Relative to North Carolina, our data show that Bailey's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$106,343

Bailey, NC HOME PRICES

Value Range
> $987,000 0.0
$740,001 - $987,000 0.8
$493,001 - $740,000 0.0
$394,001 - $493,000 1.2
$296,001 - $394,000 1.0
$197,001 - $296,000 13.8
$98,001 - $197,000 37.1
$49,001 - $98,000 38.4
$0 - $49,000 7.7

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
73.4501347708895 75.3176043557169

Number Of Homes And Apartments:
194

Bailey Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
12.46% 0.68% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,002 / per month

Homeownership Rate

Homeownership
Owners 67.53
Renters 32.47
Vacant 22.71

Housing Market Details

 

Age of Homes

AGE OF Bailey HOMES
2000 or Newer 2.4
1970 - 1999 24.3
1940 - 1969 43.0
1939 or Older 30.3

Types of Homes

TYPE OF Bailey HOMES
Single-Family 91.2
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 8.8
Other 0.0

Home Size

SIZE OF Bailey HOMES
No Bedroom 2.79
1 Bedroom 3.19
2 Bedrooms 32.67
3 Bedrooms 46.22
4 Bedrooms 12.75
5 or more bedrooms 2.39