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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Bailey, CO Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bailey, CO Housing Market Trends

With 10,076 people, 4,274 houses or apartments, and a median cost of homes of $690,319, real estate costs in Bailey are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Colorado communities.

Single-family detached homes are the single most common housing type in Bailey, accounting for 98.25% of the town's housing units.

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 93.97% of Bailey's homes, and 63.81% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bailey built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bailey built between 1940-1969 ( 18.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.35%).

Vacant housing appears to be an issue in Bailey. Fully 19.43% 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

In the last 10 years, Bailey has experienced some of the highest home appreciation rates of any community in the nation. Bailey real estate appreciated 132.35% over the last ten years, which is an average annual home appreciation rate of 8.80%, putting Bailey in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bailey definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 2.57%, 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 2.79%, which equates to an annual appreciation rate of 11.65%.

Relative to Colorado, our data show that Bailey's latest annual appreciation rate is lower than 60% of the other cities and towns in Colorado.

Average Home Values

Median Home Value

$690,319

Bailey, CO Home Prices
> $1,331,000
$998,001 - $1,331,000
$666,001 - $998,000
$532,001 - $666,000
$399,001 - $532,000
$266,001 - $399,000
$133,001 - $266,000
$66,001 - $133,000
$0 - $66,000
1.8%
1.8%
9.4%
9.4%
38.7%
38.7%
25.2%
25.2%
12.7%
12.7%
5.5%
5.5%
4.9%
4.9%
0.4%
0.4%
1.4%
1.4%
0% 100.0%
% of Homes
High

for Colorado

Very High

for nation

Number of Homes And Apartments:

4,274

Bailey Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,768 / per month

Homeownership Rate

Owners
Renters
94.0%
94.0%
6.0%
6.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
19.4%
19.4%
80.6%
80.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.3%
14.3%
67.1%
67.1%
18.1%
18.1%
0.4%
0.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
98.2%
98.2%
0.8%
0.8%
0.2%
0.2%
0.5%
0.5%
0.3%
0.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
9.9%
9.9%
19.3%
19.3%
50.2%
50.2%
13.6%
13.6%
6.4%
6.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Bailey

Popular Communities Near Bailey, CO

Zip Codes in Bailey, CO