Rent To Own Homes in Bailey, TX

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Home Value Estimator For Bailey, TX

There are currently 117 real estate properties in Bailey, TX, with a median automated valuation model (AVM) price of $142,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bailey, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Bailey, TX, is $248,791.00, with the most expensive house in Bailey, TX, topping out at $1,399,900.00 and the cheapest home in Bailey, TX, clocking in at $15,496.00. In other words, there’s something for every potential homebuyer or savvy investor in Bailey, TX!

Rent Prices In Bailey, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bailey, TX, is on a rollercoaster ride. The average rent price in Bailey, TX, is $1,216.00. Indeed, when looking to rent in Bailey, TX, you can expect to pay as little as $600.00 or as much as $2,400.00, with the average rent median estimated to be $1,080.00. The good news is that finding an affordable and desirable property to rent in Bailey, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Bailey, TX In 2024

Bailey is located in Fannin, Texas, with an estimated municipal population of 305 residents. All of the best foreclosed homes for sale in Bailey are located in the following zip code areas on 75413. The estimated population per square kilometer (.62 miles) in Bailey is 296.

Cost Of Living In Bailey, TX

So, about how much do homes cost in Bailey? The most recent median value of resident-owned homes in Bailey is 50,187. An estimated 67.9 percent of households in Bailey own their homes, with an average family size of 2.94. The median household income in Bailey is 31,364, with9.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Bailey, the median commute time of resident workers (in minutes) is 27.9. And last, but certainly not least, are you looking for homes to rent in Bailey? If so, the average rent price paid by renters in Bailey is 1,069, according to recent statistics.

Diversity And Demographics In Bailey, Texas

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Bailey, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Bailey is 45.4, split between 43.3 percent male versus 56.7 female. The percentage of residents who report being married in Bailey is 33.2, with an average family size of 2.94.

The percentage of residents who report their race in Bailey is as follows:

White 90.3%
Black / African American 7.1%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.6%
Other 0%

Looking for family-friendly neighborhoods in and/or near Bailey? Or maybe you are searching for 55+ active adult communities in and/or near Bailey?

The percentage of residents who report their age in Bailey is as follows:

Under 10 16.4%
Aged 10-19 10.4%
20s 14.6%
30s 7.5%
40s 7.9%
50s 26.9%
60s 7.8%
70s 7.1%
80+ 1.5%

Best Schools In Bailey, Texas

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Bailey with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Bailey.

Pros And Cons Of Living In Bailey, Texas

How do you know that living in -- or moving to -- Bailey is right where you need to be? Perhaps you grew up in Bailey or already live nearby; therefore, the decision to buy a home in Bailey is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Bailey for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Bailey:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Bailey.

Reasons To Move To Bailey, Texas, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Bailey can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Bailey, meanwhile, can field multiple offers from more qualified buyers.

Bailey, TX Rent To Own Homes


Listing types in Bailey, TX

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