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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
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.
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.
$690,319
for Colorado
for nation
4,274
$3,768 / per month