Bailey's Crossroads, Virginia Housing Market Prices
Bailey's Crossroads Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 144% above the Virginia median$624,938
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Median rent 25% above the Virginia median$1,981
Housing Market Overview
| Metric | Bailey's Crossroads | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $624,938 | $256,082 | $248,835 |
| Price Trend (Annual %) | 4.8% | 3.5% | 7.5% |
| Median Gross Rent | $1,981 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bailey's Crossroads is about 144% higher than in Virginia. Rent is about 25% higher than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Bailey's Crossroads, up about 4.8% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Bailey's Crossroads rose about 34.1% between 2015 and 2024, from $1,477 to $1,981. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 7.1 yearly household incomes in Bailey's Crossroads.
Buying the median-priced home in Bailey's Crossroads costs roughly 26.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Bailey's Crossroads. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Bailey's Crossroads | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $624,938 | $256,082 | $248,835 |
| Median Household Income | $87,998 | $93,527 | $80,455 |
| Price-to-Income Ratio | 7.1 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bailey's Crossroads fell about 0.0%, while median household income rose about 21.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bailey's Crossroads | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.3% | 61.5% | 58.5% |
| Rental Rate | 50.7% | 29.8% | 31.2% |
| Vacancy Rate | 5.0% | 8.7% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Bailey's Crossroads has a homeownership rate of 44.3%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 5.0%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Bailey's Crossroads | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1976 | 1982 | 1978 |
| Median Number of Rooms | 4.0 | 6.0 | 5.5 |
The typical housing unit in Bailey's Crossroads was built around 1976. On average, 2.5 people live in a home with about 4.0 rooms, staying for about 11.0 years on average.
Bailey's Crossroads, VA Housing Compared With Nearby Cities
How Bailey's Crossroads, VA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Bailey's Crossroads, VA | 24,625 | $624,938 #1/3 | $1,981 #3/3 | 46.6% #1/3 |
| Arlington, VA | 236,144 | $370,064 | $2,321 | 41.3% |
| Alexandria, VA | 156,972 | $505,002 | $2,089 | 42.1% |
Frequently Asked Questions
Common questions about the housing market in Bailey's Crossroads, Virginia.
What is the median home price in Bailey's Crossroads, Virginia?
The median home price in Bailey's Crossroads, Virginia is $624,938, higher than the Virginia average of $256,082.
What is the average home price in Bailey's Crossroads, Virginia?
The typical home price in Bailey's Crossroads, Virginia, reported as the median sale price, is $624,938. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bailey's Crossroads, Virginia?
The median gross rent in Bailey's Crossroads, Virginia is $1,981 per month, higher than the Virginia average of $1,579.
What was the median gross rent in Bailey's Crossroads in 2020?
In 2020, the median gross rent in Bailey's Crossroads, Virginia was $1,669 per month.
What is the price-to-rent ratio in Bailey's Crossroads, Virginia?
The price-to-rent ratio in Bailey's Crossroads, Virginia is about 26.3, meaning it would take roughly 26.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Bailey's Crossroads.
Are home prices or rent rising faster in Bailey's Crossroads, Virginia?
Both home prices and rent are rising in Bailey's Crossroads, up about 4.8% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bailey's Crossroads, Virginia?
44.3% of households in Bailey's Crossroads, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Bailey's Crossroads, Virginia?
The housing vacancy rate in Bailey's Crossroads, Virginia is 5.0%, lower than the Virginia average of 8.7%.
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