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Bailey, NC Real Estate


According to census data in the year 2000 there were 299 housing units in Bailey. This represents a 10.3% growth from 271 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 299 were located in what is classified as a rural area.

Homeownership rate in Bailey is about 77%. Bailey's vacancy rate, including seasonal lodging, is about 12.7%. Average household size is 2.37 people.

The majority of houses, apartments or condos in Bailey were built after 1959.

Statistics

Housing Size

Housing Units by Size
Studio Type0.70%
One Bedroom5.40%
Two Bedrooms30.40%
Three Bedrooms47.80%
Four Bedrooms12.70%
Five Bedrooms or more3%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.27
Median year structure was built1955
Median Value of occupied units$83,300
Median Price asked for vacant units$30,000

Rented Homes, Apartments and Condos

Average Household Size2.72
Median year structure was built1966
Median Monthly Rent asked for vacant units$419

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.40%
Home Equity Loan21.10%
Simple Mortgage26.70%
Debt Free47.80%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.2%