Homes for Sale Under 400K in Bailey, CO

51 Homes for Sale

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Bailey, CO Housing Market Overview

Bailey's housing market is evenly balanced between buyers and sellers. This creates fair negotiating conditions for both parties. With a 3.4-month supply of homes and properties spending 102 days on the market on average, both buyers and sellers have equal opportunity to achieve favorable outcomes.

Status

Balanced Market

Days on Market

102

Inventory

51

Aug 2021Mar 2024Mar 2026

Median Home Price

$565,000Down 0.17%

In Mar 2026 · YoY

Aug 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
51 Up 0.30%
Newly Listed Homes
22 Down 0.24%
Months of Supply
3.4 Down 0.30%

Housing Demand

Homes Sold
17 Down 0.00%
Sale-to-List Ratio
98.4% Up 2.97%
Homes Sold Above List
11.8% Down 13.24%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

View Full Bailey Market Report

Frequently Asked Questions

Where is the cheapest place to buy a house in Colorado?

La Junta is the cheapest city to buy a house in Colorado, with a median price of $162,619. The cost of living is also 27.8% lower than the national average.

Other affordable cities include Lamar, Pueblo, Brush, and Cortez. Each of these has an average home price below $325K and generally offers a lower cost of living.

What is the average cost to buy a house in Colorado?

The average cost to buy a house in Colorado is $608,100. Prices have increased by 1% compared to the previous year. Additionally, the cost of living in Colorado is 6% higher than the national average.

How many homes are available for sale in Colorado?

There are currently 68,387 homes for sale in Colorado. Of these, 63 are Colorado's hot properties and 1,500 are Colorado homes without HOA fees.

What are the average HOA fees in Colorado?

The average HOA fees in Colorado typically range from $200 to $300 per month, especially in urban areas like Denver. However, in more expensive markets such as Boulder, fees for condos often range between $300 and $500 monthly. These costs depend on the property's size, location, and included amenities.

Fees usually cover services like snow removal, trash, landscaping, and sometimes insurance or shared utilities. With rising insurance and maintenance costs, HOA dues in many parts of Colorado have increased over the past year. It's important to review what's included before buying in an HOA community.

Overall, Colorado's HOA fees are higher than the national average, particularly in condo-heavy cities. Be sure to factor these fees into your total housing budget.

What is the average utility cost in Colorado?

The average household in Colorado pays about $508 per month for utilities. This includes electricity, gas, water, trash, sewer, and internet. Actual costs may vary based on home size, location, and the season.

Electricity is the biggest expense, averaging $150 to $185 per month. Natural gas costs around $109, while water, sewer, and trash total about $65 to $70. Internet and cable usually add $100 to $110 per month.

Overall, utility costs in Colorado are slightly higher than the national average. Cold winters and large homes often lead to higher energy use.

Is it smarter to rent or buy a home in Colorado?

Colorado's housing market is pricey, but buying can be a smart long-term decision. The median home price is around $608,100, and property taxes are relatively low. For those planning to stay long-term, building equity and gaining financial stability often make buying worthwhile.

Renting in Colorado averages about $2,000 per month, especially in cities like Denver and Boulder. In some areas, rent is close to what you'd pay for a mortgage. Monthly payments for a median-priced home typically range from $2,600 to $2,800, depending on your loan terms and down payment.

Renting may be the better option if you're unsure about settling down or want fewer responsibilities. It offers more flexibility and lower upfront costs. Use a mortgage calculator to compare your options and see what fits your goals and budget.

Is Colorado a good place to live?

Yes, Colorado is considered one of the best places to live in the US. It offers a strong job market, excellent schools, and beautiful natural surroundings. While the cost of living is above average, many residents find the outdoor lifestyle and access to year-round recreation worth it.

Fort Collins is often ranked among the top cities to live in Colorado. It's known for safety, good schools, a strong local economy, and plenty of parks and trails. The median home price in Fort Collins is around $570,000, reflecting its popularity and high quality of life.

Colorado also provides access to top healthcare, clean air, and over 300 days of sunshine per year. However, housing costs and traffic in urban areas can be challenges. Still, Colorado remains a top choice for families, professionals, and retirees seeking a balanced lifestyle.

What's the safest place to live in Colorado?

Gypsum is ranked the safest city in Colorado, based on 2025 crime data. It reports just 0.2 violent crimes and 2.7 property crimes per 1,000 residents. The town is known for its quiet neighborhoods, strong community, and family-friendly environment.

Other safe cities include Milliken, Severance, Windsor, and Erie. These places offer low crime rates, clean streets, and well-rated schools. Each is ideal for families, retirees, or anyone looking for a peaceful and secure place to live.

Can a foreigner buy a house in Colorado?

Yes, foreigners can legally buy property in Colorado, even if they live outside the US. There are no state or federal laws that restrict foreign ownership of homes.

However, financing can be more challenging. Most lenders require a 20% to 30% down payment and documents like a passport, visa, and proof of income. Some also ask for a US bank account. Certain banks offer special loan programs for foreign buyers.

What are the disadvantages of moving to Colorado?

High cost of living: Housing, healthcare, and daily expenses are above the national average. This makes it harder for many to manage long-term budgets, especially in cities like Denver and Boulder.

Rising home prices: The median home price exceeds $600,000. This makes homeownership difficult for first-time buyers and middle-income families.

Traffic and congestion: Larger cities face heavy traffic and limited public transit. This often leads to longer commutes and daily frustration.

Wildfire risk: Many parts of Colorado face seasonal wildfire threats, especially in forested or mountainous areas. This raises insurance rates and poses safety concerns.
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    Based on information from REcolorado®, Inc.through Sep 3, 2026, 3:45 AM. Not all properties were listed and/or closed by Company. This representation is based in whole or in part on content supplied by REcolorado®, Inc. REcolorado®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by REcolorado®, Inc. may not reflect all real estate activity in the market. Some IDX listings have been excluded from this website. Any use search of data on the website, other than by a consumer looking to purchase real estate, is prohibited. If Houzeo suspect “scraping” of the data has occurred, the suspicion and any evidence will be reported to the MLS. IDX information is provided exclusively for consumers' personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by REcolorado®. The use of the IDX Data may be subject to an end user license agreement prescribed by REcolorado® as amended from time to time.
    Based on information submitted to the MLS GRID as of Sep 3, 2026, 3:45 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2025 REcolorado®, Inc. All Rights Reserved.

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Bailey, CO Housing Marketlink qauare
Homes Available icon

51

Homes Available

Median List Price icon

$ 565,000

Median List Price

Avg on Market icon

102 Days

Avg on Market

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