This section is generated from cached city metrics and clearly labeled state-level benchmarks. It is meant to make the Bailey page less generic and more useful for comparing housing, income, utilities, taxes, insurance, demographics, and nearby alternatives.
Affordability Summary
Population is 190, so Bailey should be compared with similar-size places before using broader Texas averages. Median household income is $53,750, so the best affordability read for Bailey is income versus housing, taxes, utilities, and insurance together.
Median home value is $110,400, so ownership costs in Bailey should be checked with mortgage, property tax, insurance, and maintenance assumptions. Two-bedroom rent is $1,354/mo, so renters can compare Bailey against ownership costs and nearby rental markets.
Housing and Income Context
For Bailey, income is more constrained, so utilities, rent, and taxes deserve extra attention. Home values are comparatively low, but maintenance, taxes, and utilities still matter.
Use the home value, rent, and income fields together before deciding whether Bailey looks more favorable for renting, buying, or comparing with Bonham, TX.
Utility Cost Context
The residential electricity benchmark is $0.164/kWh, so Bailey households should treat usage, home size, heating, and cooling as the practical bill drivers. The electricity value shown for Bailey is a Texas state-level EIA benchmark, so it should not be read as a local provider tariff.
For Bailey, utility planning is stronger when the electric benchmark is paired with home age, square footage, insulation, HVAC equipment, and household occupancy.
Property Tax Context
Median property tax paid is not available in the current cache, so Bailey buyers should still verify parcel-specific tax records before budgeting. Parcel boundaries, exemptions, school districts, and reassessment rules can move the actual bill for a Bailey address.
Compare the property tax field with home value rather than reading it by itself; a lower tax bill can still pair with a different assessment base or exemption profile.
Insurance and Risk Context
Insurance costs in Bailey depend on address-level factors such as roof condition, structure age, coverage limits, claims history, deductible choice, and carrier underwriting.
Home value, tax burden, and insurance exposure should be reviewed together for Bailey, especially when comparing with Bonham, TX.
Population and Demographics
Median age is 49.7, so Bailey may have different school, commute, healthcare, and housing demand patterns than a statewide average. Bachelor+ share is 4.1%, so Bailey education context can be useful when reading labor-market and school sections.
Unemployment is 4.3%, so Bailey wage and job-market context should be compared with commute options and regional employment centers.
