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Bailey, NC—27807

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$281,000
0.5% YoY Growth
Household Income
$67,600
48.7% YoY Growth
Days on Market
65
58.0% Longer YoY
Home Price Forecast
0.1%
Median Rent
$650
35.8% YoY Growth
1-Bed Rent
$650
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,100
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Bailey, NC

As of May '26, the median home price in Bailey, NC is $281,000, with a year-over-year change of 0.5%. This indicates that home prices in Bailey, NC are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$281,0000.5%
Single Family $281,0001.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$177,0002.9%
    3 Bed
    		$274,0001.1%
    4 Bed
    		$333,0000.3%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    3.0%
    2 Bedrooms
    21.3%
    3 Bedrooms
    60.8%
    4 Bedrooms
    14.3%
    5+ Bedrooms
    0.6%

    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.

    TypeMedian RentAverage Rent
    Average Rent$650$1,380
    Studio Rent N/AN/A
    1 Bed Rent $650$650
    2 Bed Rent N/AN/A
    3 Bed Rent $2,100$2,100
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    6.0%
    2 Bedrooms
    31.9%
    3 Bedrooms
    56.2%
    4 Bedrooms
    3.3%
    5+ Bedrooms
    2.5%

    Property Listings — Bailey, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Bailey, NC is 65. This is a increase of 58.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$337,000-1.0%
    Listing Count
    		59-4.0%
    Listings as % of Homes0.9%-4.0%
    Days on Market
    		6558.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$160$650$810
    2 BedroomN/AN/A$1,010
    3 Bedroom-$720$2,100$1,380
    4 BedroomN/AN/A$1,600

    Affordability — Bailey, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.7
    Median Home Price$281,000
    Median Household Income$67,600

    Bailey, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    27880

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    27557

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    27896

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    27882

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    Frequently Asked Questions