Baring98224

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$479,000
1.2% YoY Growth
Median Household Income
$86,500
109.6% 5-Year Growth
Days on Market
88
20.0% Longer than last year
Home Price Forecast
0.2%
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

Property Listings — Baring

As of Aug '25 and according to Realtor.com, the median days on market for a home in Baring is 88. This is an increase of 20.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$677,0001.0%
Listing Count
2N/A
Listings as % of Homes0.4%N/A
Days on Market
8820.0%
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Demographics — Baring

MetricLatest CensusYoY % Change
Population
192-24.7%
% Under 18
5.7%185.0%
% Under 5N/AN/A
% Seniors
26.6%-3.3%
% WFH
11.1%-51.7%
% w/ College Degree
29.8%297.3%
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Race and Ethnicity

MetricLatest Census5-Year % Change
% White
80.7%-13.5%
% Black
0.0%N/A
% Hispanic
7.8%∞%
% Asian
5.2%∞%
% Foreign Born
16.1%∞%
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Mortgage and Risk — Baring

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Baring in that year was NA. NA of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was NA. Of those, NA were >90% loan to value. This is considered unknown, suggesting that mortgage risk is unknown in Baring. Investor activity in Baring is unknown, as NA of all loans are originated by investors. In 2023, NA of all loans were cash-out refinances, suggesting unknown homeowners are actively tapping their home's equity.

Mortgages

MetricZip Code AverageMetro AverageState Average
Total Loan Originations
N/AN/AN/A
% Conventional Loans
N/AN/AN/A
% Government Loans
N/AN/AN/A
% Investor Loans
N/AN/AN/A
% Second Loans
N/AN/AN/A
% Cash Out Refinance
N/AN/AN/A
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Rentals and Section 8 — Baring

As of 2024, the percent of homes in Baring under the Section 8 program is NA. This is considered unknown, suggesting that the neighborhood is unknown composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.

Section 8 Market Size

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

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$2,050
2 BedroomN/AN/A$2,390
3 BedroomN/AN/A$3,160
4 BedroomN/AN/A$3,680

Affordability — Baring

Home Price to Income Ratio

MetricZip Code AverageMetro AverageState Average
Home Price to Income Ratio4.9N/AN/A
Median Home Price$479,000N/AN/A
Median Household Income$86,500N/AN/A

Baring — ZIP Code Boundary Map

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