Bear, DE Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bear, DE Housing Market Trends

With 19,881 people, 7,345 houses or apartments, and a median cost of homes of $267,861, Bear real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bear, accounting for 31.01% of the town's housing units. Other types of housing that are prevalent in Bear include row houses and other attached homes ( 29.86%), large apartment complexes or high rise apartments ( 23.32%), and a few mobile homes or trailers ( 15.66%).

The most prevalent building size and type in Bear are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.86% owning and 42.14% renting.

There is a lot of housing in Bear built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bear built between 2000 and later ( 28.11%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.32%). There's also some housing in Bear built before 1939 ( 2.40%).

Bear Home Appreciation Rates

Bear's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bear during the period has been just 2.79%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Bear's appreciation rate, at 9.01%, has been at or slightly above the national average. In the latest quarter, Bear's appreciation rate has been 3.45%, which annualizes to a rate of 14.54%.

Relative to Delaware, our data show that Bear's latest annual appreciation rate is higher than 80% of the other cities and towns in Delaware.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Bear differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bear - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bear real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$267,861

Bear, DE HOME PRICES

> $1,192,000
0.3%
0.3%
$895,001 - $1,192,000
0.2%
0.2%
$596,001 - $895,000
0.0%
0.0%
$477,001 - $596,000
2.5%
2.5%
$357,001 - $477,000
15.2%
15.2%
$239,001 - $357,000
40.5%
40.5%
$119,001 - $239,000
27.6%
27.6%
$60,001 - $119,000
2.5%
2.5%
$0 - $60,000
11.2%
11.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for DE

Value Relative To Nation

Number Of Homes And Apartments:
7,345

Bear Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
DE*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
73.97% 2.61%
2
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,836 / per month

Homeownership Rate

Owners
57.9%
57.9%
Renters
42.1%
42.1%
Vacant
9.7%
9.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
28.1%
28.1%
1970 - 1999
66.2%
66.2%
1940 - 1969
3.3%
3.3%
1939 or Older
2.4%
2.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
31.0%
31.0%
Townhomes
29.9%
29.9%
Small Apt. Buildings
0.1%
0.1%
Apt. Complexes
23.3%
23.3%
Mobile Homes
15.7%
15.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
4.7%
4.7%
2 Bedrooms
30.2%
30.2%
3 Bedrooms
51.8%
51.8%
4 Bedrooms
13.0%
13.0%
5 or more bedrooms
0.2%
0.2%
0.0% 100.0%
% OF HOMES