The typical owner-occupied home in Bear is worth about $304,800, 13% below the Delaware median of $352,000 and 8% below the national median of $332,700. Owners pay a median $2,238 a year in property taxes, about 0.73% of their home's value, higher than the Delaware rate of 0.50%. The median household earns $91,687 a year, so the median home costs 3.3 times the median income (4.1 times for Delaware). 65% of occupied homes here are lived in by their owners, and 68% of those owners still have a mortgage.
Bear at a glance
| Bear | Delaware | U.S. | |
|---|---|---|---|
| Median home value | $304,800 | $352,000 | $332,700 |
| Median property tax paid per year | $2,238 | $1,768 | $3,119 |
| Property tax as a share of value | 0.73% | 0.50% | 0.94% |
| Median household income | $91,687 | $84,954 | $80,734 |
| Homes lived in by their owners | 65% | 73% | 65% |
| Owner homes with a mortgage | 68% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,822 | $1,816 | $1,963 |
| Those costs as a share of the owners' income | 20.9% | 20.0% | 21.0% |
| Median rent | $1,771 | $1,401 | $1,413 |
| Rent as a share of renters' income | 26.6% | 29.9% | 30.6% |
| Median year homes were built | 1996 | 1987 | 1980 |
| Vacant homes | 3.8% | 13.4% | 10.1% |
| Population | 22,370 | 1,021,191 | 334,922,499 |
What a typical home costs per month in Bear
At this week's average 30-year rate of 7.11%, buying the median Bear home of $304,800 with 20% down costs about $1,953 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,460, 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 $83,689 for the 20%-down payment. That payment is 26% of the median Bear household income of $91,687; at that income and 20% down, the 28% guideline points to a home of about $334,000.
The median rent here is $1,771 a month, so owning the median home costs about $182 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $60,960 |
|---|---|
| Loan amount | $243,840 |
| Principal and interest | $1,640 |
| Property taxes (0.73% a year) | $185 |
| Homeowners insurance (our estimate, 0.5% a year) | $127 |
| PMI | $0 |
| Total per month | $1,953 |
Change the numbers in the calculator
| Down payment | $10,668 |
|---|---|
| Loan amount | $299,279 |
| Principal and interest | $2,013 |
| Property taxes (0.73% a year) | $185 |
| Homeowners insurance (our estimate, 0.5% a year) | $127 |
| FHA mortgage insurance | $135 |
| Total per month | $2,460 |
Change the numbers in the calculator
Questions about home buying in Bear
What is the median home value in Bear?
About $304,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bear?
Homeowners pay a median $2,238 a year, which is about 0.73% 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?
For the median home with 20% down at 7.11%, the payment is about $1,953 a month. Keeping that under 28% of gross income takes about $83,689 a year.
More about Bear
- Mortgage Refinance in Bear
- Debt Relief in Bear
- Home Equity Loans in Bear
- 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