Market Overview
Home Prices in Bailey Lakes, OH
The median home value in Bailey Lakes, OH is $189,648 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.3% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bailey Lakes are priced54% below average. Bailey Lakes is part of the Ashland, OH metro area.
Over the past five years, Bailey Lakes home values have risen by approximately34.9%, reflecting strong long-term appreciation in this market.
Price History
Bailey Lakes Home Price Trend
City Comparison
Bailey Lakes vs. National Median
At $189,648, homes in Bailey Lakes cost 54% below the national median of $410,000. This makes Bailey Lakes a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bailey Lakes?
20% Down Payment
$37,930
on $189,648
Monthly P&I
$989/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,256/mo
incl. taxes & insurance
Income Needed
$50,240
gross annual (30% rule)
10% Down Option
$18,965
+ PMI applies
Loan Amount (20% dn)
$151,718
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 Lakes, OH?
The median home value in Bailey Lakes is $189,648 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.3% year-over-year.
How much have home prices changed in Bailey Lakes?
Over the past year, home values in Bailey Lakes have increased by 6.3%. Over five years, prices have risen approximately 34.9%.
How much do I need to earn to buy a home in Bailey Lakes?
To comfortably afford the median home price of $189,648 with a 20% down payment ($37,930) at today's rates (6.8%), you'd need a gross annual income of approximately $50,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Bailey Lakes compare to the national average home price?
The national median home value is approximately $410,000. At $189,648, homes in Bailey Lakes are 54% below the national average.
What metro area is Bailey Lakes part of?
Bailey Lakes is part of the Ashland, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.