The typical owner-occupied home in Bear Creek is worth about $104,200, 61% below the Wisconsin median of $266,500 and 69% below the national median of $332,700. Owners pay a median $1,426 a year in property taxes, about 1.37% of their home's value, close to the Wisconsin rate of 1.42%. The median household earns $66,250 a year, so the median home costs 1.6 times the median income (3.4 times for Wisconsin). 72% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Bear Creek at a glance
| Bear Creek | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $104,200 | $266,500 | $332,700 |
| Median property tax paid per year | $1,426 | $3,792 | $3,119 |
| Property tax as a share of value | 1.37% | 1.42% | 0.94% |
| Median household income | $66,250 | $77,485 | $80,734 |
| Homes lived in by their owners | 72% | 68% | 65% |
| Owner homes with a mortgage | 50% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,159 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 20.0% | 19.5% | 21.0% |
| Median rent | $890 | $1,087 | $1,413 |
| Rent as a share of renters' income | 22.1% | 27.2% | 30.6% |
| Median year homes were built | 1938 | 1975 | 1980 |
| Vacant homes | 7.9% | 10.8% | 10.1% |
| Population | 307 | 5,914,872 | 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 $104,200 with 20% down costs about $723 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $897, 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 $30,992 for the 20%-down payment. That payment is 13% of the median Bear Creek household income of $66,250; at that income and 20% down, the 28% guideline points to a home of about $223,000.
The median rent here is $890 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,840 |
|---|---|
| Loan amount | $83,360 |
| Principal and interest | $561 |
| Property taxes (1.37% a year) | $119 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $723 |
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| Down payment | $3,647 |
|---|---|
| Loan amount | $102,313 |
| Principal and interest | $688 |
| Property taxes (1.37% a year) | $119 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $46 |
| Total per month | $897 |
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Questions about home buying in Bear Creek
What is the median home value in Bear Creek?
About $104,200 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 $1,426 a year, which is about 1.37% 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 $723 a month. Keeping that under 28% of gross income takes about $30,992 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