Bailey, NC—27807
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bailey, NC
As of Oct '25, the median home price in Bailey, NC is $267,000, with a year-over-year change of -1.1%. This indicates that home prices in Bailey, NC are decreasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $267,000 | -1.1% |
| Single Family | $267,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $167,000 | -1.8% |
3 Bed | $263,000 | -0.8% |
4 Bed | $323,000 | 0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bailey, NC
As of July '25, Rentcast reports the average rent in Bailey, NC is $1,380, with a year-over-year rent change of -35.8%. Per bedroom, the median rent as of July '25 in Bailey, NC is 1-bedrooms: $650, 3-bedrooms: $2,100. The most common rental property sizes in Bailey, NC are 3-bedroom and 2-bedroom, accounting for 56.2% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $1,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,100 | $2,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bailey, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Bailey, NC is 93. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $360,000 | 3.0% |
Listing Count | 84 | 129.0% |
| Listings as % of Homes | 0.9% | 129.0% |
Days on Market | 93 | 28.0% |
Demographics — Bailey, NC
As of the latest ACS Survey released in 2023, Bailey, NC has a population of 5,950, which has decreased by -7.2% over the past 5 years. Bailey, NC is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 19.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,950 | -7.2% |
% Under 18 | 23.7% | -10.9% |
% Seniors | 16.7% | 27.5% |
% WFH | 3.6% | 100.0% |
% w/ College Degree | 19.1% | 76.9% |
As of the latest ACS Survey released in 2023, Bailey, NC is a predominantly white area, with 55.9% of the population identifying as white. The white population has grown by 9.6% in the last 5 years. The second most common race or ethnicity in Bailey, NC is hispanic, making up 25.3% of the population. Foreign-born residents account for 8.6% of the population in Bailey, NC, and this percentage has decreased by 17.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 55.9% | 9.6% |
% Black | 15.0% | 5.6% |
% Hispanic | 25.3% | -20.4% |
% Asian | 0.6% | -25.0% |
% Foreign Born | 8.6% | -17.3% |
Mortgage and Risk — Bailey, NC
According to HUD data as of 2023, there were 273 mortgage originations in Bailey, NC, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Bailey, NC. Investor activity is low, as 0.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 273 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Bailey, NC
Bailey, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $650 | $810 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | -$720 | $2,100 | $1,380 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Bailey, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $267,000 |
| Median Household Income | $67,600 |