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Baileyton

Learn about the people, housing, costs and businesses in Baileyton, Tennessee

Median Home$159,700
Median Rent$1,007/month
Population423
Leading IndustriesEducation · Retail · Construction4% education
Home Value Growth⬆⬆+14.8% over 2 years
Retirees21% of residentsnear the national average
Homeowners85% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Baileyton
TN

Frequently Asked Questions

What are today's mortgage rates in Baileyton?

As of today, the 30-year fixed mortgage rate for Baileyton is approximately 6.989% (7.029% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Baileyton?

The median home value in Baileyton is $160k. The median monthly rent is $1,007. Annual property taxes average $643. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Baileyton?

Home values in Baileyton have increased 14.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Baileyton?

Based on a typical all-in ownership cost of $560/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Baileyton is $42k/year.

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What industries drive the economy in Baileyton?

The largest employment sectors in Baileyton are public administration (18%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.