January's First-Time Homebuyer Report for Bailey's Crossroads

Bailey's Crossroads has a cost of living adjustment score of 127.4, which is expensive when compared to others in Virginia. Also, the area is considered affluent with a median income of $68,103 per household. Homes in Bailey's Crossroads are relatively old with a median age of 34 years. Heading the list of top schools in the city is Baileys Elementary School.

Culture

According to Foursquare, Peking Gourmet Inn, la Madeleine Country French Caf, and City Diner are the most popular spots to eat in Bailey's Crossroads. One of the most popular places to get a drink is Babylon Futbol Cafe. Lastly, Panera Bread is a well-known place to get some coffee.

Price Range

Some of the more expensive homes in Virginia are in Bailey's Crossroads with a median home value of $269,500 and an average list price for available homes currently at $313,219.

Curious as to which homes have been getting the most attention in Bailey's Crossroads? These listings have stirred up interest and produced the most views:

$670K   $375K   $820K  

Typical Dwelling

A two-bedroom condo valued around $259,146 is considered a typical dwelling in Bailey's Crossroads. If a buyer was looking for a similar home, they would need good credit and a $51,829 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,419 and the property tax rate is $10.67 per $1,000 of taxable assessed value.

Get started right now by checking out Bailey's Crossroads homes for sale or reviewing Bailey's Crossroads real estate trends.


Data reported through 1/12/2017

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