The typical owner-occupied home in Bear Creek is worth about $96,900, 54% below the Alabama median of $209,900 and 71% below the national median of $332,700. Owners pay a median $260 a year in property taxes, about 0.27% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $50,188 a year, so the median home costs 1.9 times the median income (3.3 times for Alabama). 82% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Bear Creek at a glance
| Bear Creek | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $96,900 | $209,900 | $332,700 |
| Median property tax paid per year | $260 | $788 | $3,119 |
| Property tax as a share of value | 0.27% | 0.38% | 0.94% |
| Median household income | $50,188 | $63,999 | $80,734 |
| Homes lived in by their owners | 82% | 70% | 65% |
| Owner homes with a mortgage | 40% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,034 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 14.0% | 19.0% | 21.0% |
| Median rent | $760 | $1,007 | $1,413 |
| Rent as a share of renters' income | 27.5% | 29.5% | 30.6% |
| Median year homes were built | 1980 | 1986 | 1980 |
| Vacant homes | 17.8% | 14.5% | 10.1% |
| Population | 1,474 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Bear Creek
At this week's average 30-year rate of 7.11%, buying the median Bear Creek home of $96,900 with 20% down costs about $584 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $745, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $25,014 for the 20%-down payment. That payment is 14% of the median Bear Creek household income of $50,188; at that income and 20% down, the 28% guideline points to a home of about $194,000.
The median rent here is $760 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,380 |
|---|---|
| Loan amount | $77,520 |
| Principal and interest | $521 |
| Property taxes (0.27% a year) | $22 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $584 |
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| Down payment | $3,392 |
|---|---|
| Loan amount | $95,145 |
| Principal and interest | $640 |
| Property taxes (0.27% a year) | $22 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $43 |
| Total per month | $745 |
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Questions about home buying in Bear Creek
What is the median home value in Bear Creek?
About $96,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bear Creek?
Homeowners pay a median $260 a year, which is about 0.27% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Bear Creek?
For the median home with 20% down at 7.11%, the payment is about $584 a month. Keeping that under 28% of gross income takes about $25,014 a year.
More about Bear Creek
- Mortgage Refinance in Bear Creek
- Debt Relief in Bear Creek
- Home Equity Loans in Bear Creek
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data