Market Overview
Home Prices in Bailey, NC
The median home value in Bailey, NC is $284,835 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.9% compared to a year ago and down 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bailey are priced31% below average. Bailey is part of the Rocky Mount, NC metro area.
Over the past five years, Bailey home values have risen by approximately33.4%, reflecting strong long-term appreciation in this market.
Price History
Bailey Home Price Trend
City Comparison
Bailey vs. National Median
At $284,835, homes in Bailey cost 31% below the national median of $410,000. This makes Bailey a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bailey?
20% Down Payment
$56,967
on $284,835
Monthly P&I
$1,486/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,887/mo
incl. taxes & insurance
Income Needed
$75,480
gross annual (30% rule)
10% Down Option
$28,484
+ PMI applies
Loan Amount (20% dn)
$227,868
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Bailey, NC?
The median home value in Bailey is $284,835 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.9% year-over-year.
How much have home prices changed in Bailey?
Over the past year, home values in Bailey have increased by 0.9%. Over five years, prices have risen approximately 33.4%.
How much do I need to earn to buy a home in Bailey?
To comfortably afford the median home price of $284,835 with a 20% down payment ($56,967) at today's rates (6.8%), you'd need a gross annual income of approximately $75,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Bailey compare to the national average home price?
The national median home value is approximately $410,000. At $284,835, homes in Bailey are 31% below the national average.
What metro area is Bailey part of?
Bailey is part of the Rocky Mount, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.