The housing market in 27807 Bailey, NC is a rapidly appreciating area with the median house value being $203,400. This is significantly lower than the national median value of $338,100, making it an attractive option for people looking to buy a home. In the past year alone, the appreciation rate has increased by 16.05%, which is more than double the US average of 8.27%. With increasing demand and rising prices, buying a home in Bailey may be a sound investment for those looking to make some money off of their purchase.
The median home cost in Bailey (zip 27807) is $203,400. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Bailey (zip 27807) is up 19.4%.
Average Age of Homes
- The median age of Bailey (zip 27807) real estate is 29 years old
The Rental Market in Bailey (zip 27807)
- Renters make up 29.8% of the Bailey (zip 27807) population
- 1.6% of houses and apartments in Bailey (zip 27807), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.