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  4. /Bailey, MI - 49303

Bailey, MI—49303

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$298,000
5.9% YoY Growth
Household Income
$75,600
55.3% YoY Growth
Days on Market
146
287.0% Longer YoY
Home Price Forecast
2.3%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Bailey, MI

As of May '26, the median home price in Bailey, MI is $298,000, with a year-over-year change of 5.9%. This indicates that home prices in Bailey, MI are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$298,0005.9%
Single Family $298,0005.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    1.5%
    1 Bedroom
    1.8%
    2 Bedrooms
    25.4%
    3 Bedrooms
    46.3%
    4 Bedrooms
    17.6%
    5+ Bedrooms
    7.4%

    Rental Trends — Bailey, MI

    Bailey, MI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    2 Bedrooms
    59.0%
    3 Bedrooms
    25.6%
    4 Bedrooms
    15.4%

    Property Listings — Bailey, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Bailey, MI is 146. This is a increase of 287.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$720,00032.0%
    Listing Count
    		133.0%
    Listings as % of Homes0.4%33.0%
    Days on Market
    		146287.0%
    Loading chart...

    Demographics — Bailey, MI

    As of the latest ACS Survey released in 2023, Bailey, MI has a population of 829, which has decreased by -17.8% over the past 5 years. Bailey, MI is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 16.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		829-17.8%
    % Under 18
    		22.0%-24.7%
    % Seniors
    		11.2%-8.2%
    % WFH
    		8.2%256.5%
    % w/ College Degree
    		16.7%56.1%
    Loading chart...

    As of the latest ACS Survey released in 2023, Bailey, MI is a predominantly white area, with 80.9% of the population identifying as white. The white population has shrunk by 14.2% in the last 5 years. The second most common race or ethnicity in Bailey, MI is hispanic, making up 14.4% of the population. Foreign-born residents account for 3.9% of the population in Bailey, MI, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		80.9%-14.2%
    % Black
    		1.2%∞%
    % Hispanic
    		14.4%289.2%
    % Asian
    		0.0%N/A
    % Foreign Born
    		3.9%∞%
    Loading chart...

    Mortgage and Risk — Bailey, MI

    Bailey, MI lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		N/A
    % Conventional Loans
    		N/A
    % Government Loans
    		N/A
    % Investor Loans
    		N/A
    % Second Loans
    		N/A
    % Cash Out Refinance
    		N/A
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Bailey, MI

    Bailey, MI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		1
    Total Units Section 8
    		1
    % Rentals under Section 8
    		2.6%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,030
    2 BedroomN/AN/A$1,240
    3 BedroomN/AN/A$1,610
    4 BedroomN/AN/A$1,770

    Affordability — Bailey, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.4
    Median Home Price$298,000
    Median Household Income$75,600

    Bailey, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions