Location of Bailey, Texas
|• Total||0.40 sq mi (1.03 km2)|
|• Land||0.40 sq mi (1.03 km2)|
|• Water||0.0 sq mi (0.0 km2)|
|Elevation||712 ft (217 m)|
|• Density||727/sq mi (280.6/km2)|
|Time zone||Central (CST) (UTC-6)|
|• Summer (DST)||CDT (UTC-5)|
|GNIS feature ID||1351404|
The town began in the late 1850s, when farmers moved into the area to take advantage of the rich soil. Cotton and corn became the principal crops. Two prominent residents competed to have the town named after themselves: Doctors Josiah S. Bailey and A. J. Ray owned land that was to become the townsite. The dispute ended in 1885, when the St. Louis Southwestern Railway used the land donated by Bailey for its right-of-way.
Bailey is located in southern Fannin County at  Texas State Highway 11 passes through the city, leading northwest 15 miles (24 km) to Whitewright and southeast 7 miles (11 km) to Wolfe City. Texas State Highway 78 crosses Highway 11 south of the center of Bailey, leading north 10 miles (16 km) to Bonham, the Fannin County seat, and southwest 6 miles (10 km) to Leonard.(33.434279, -96.165364).
As of the census of 2000, there were 213 people, 80 households, and 60 families residing in the city. The population density was 532.2 people per square mile (205.6/km²). There were 98 housing units at an average density of 244.9 per square mile (94.6/km²). The racial makeup of the city was 90.61% White, 0.94% Native American, 0.47% Asian, 4.69% from other races, and 3.29% from two or more races. Hispanic or Latino of any race were 10.80% of the population.
There were 80 households out of which 40.0% had children under the age of 18 living with them, 57.5% were married couples living together, 8.8% had a female householder with no husband present, and 25.0% were non-families. 23.8% of all households were made up of individuals and 8.8% had someone living alone who was 65 years of age or older. The average household size was 2.66 and the average family size was 3.15.
In the city, the population was spread out with 29.1% under the age of 18, 12.2% from 18 to 24, 25.8% from 25 to 44, 23.5% from 45 to 64, and 9.4% who were 65 years of age or older. The median age was 33 years. For every 100 females there were 102.9 males. For every 100 females age 18 and over, there were 96.1 males.
The median income for a household in the city was $42,292, and the median income for a family was $42,500. Males had a median income of $40,417 versus $25,417 for females. The per capita income for the city was $26,677. About 19.7% of families and 21.4% of the population were below the poverty line, including 36.0% of those under the age of eighteen and 13.3% of those sixty five or over.
The City of Bailey is served by the Bonham Independent School District.
- Ruby Allmond, singer/songwriter
- Jim Battle, Major League Baseball player
- Roy Leslie, Major League Baseball player
- "American FactFinder". United States Census Bureau. Archived from the original on 2013-09-11. Retrieved 2008-01-31.
- "US Board on Geographic Names". United States Geological Survey. 2007-10-25. Retrieved 2008-01-31.
- "Geographic Identifiers: 2010 Demographic Profile Data (G001): Bailey city, Texas". U.S. Census Bureau, American Factfinder. Retrieved August 23, 2016.
- "Bailey, Texas". Texas State Historical Association. Retrieved 2012-02-06.
- "US Gazetteer files: 2010, 2000, and 1990". United States Census Bureau. 2011-02-12. Retrieved 2011-04-23.
- "Annual Estimates of the Resident Population for Incorporated Places: April 1, 2010 to July 1, 2015". Retrieved July 2, 2016.
- "Census of Population and Housing". Census.gov. Archived from the original on May 11, 2015. Retrieved June 4, 2015.