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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 19,881, 6,945 total housing units (homes and apartments), and a median house value of $163,146, Bear real estate values are some of the lowest in Delaware, although compared to real estate around the nation, Bear homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Bear, accounting for 36.55% of the town's housing units. Other types of housing that are prevalent in Bear include row houses and other attached homes ( 27.45%), mobile homes or trailers ( 18.25%), and a few large apartment complexes or high rise apartments ( 16.45%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bear. Owner-occupied housing accounts for 67.22% of Bear's homes, and 71.37% have either three or four bedrooms, which is average sized relative to America.
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 ( 16.75%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.95%).
Vacant housing appears to be an issue in Bear. Fully 10.39% of the housing stock is classified as vacant. Left unchecked, vacant Bear homes and apartments can be a drag on the real estate market, holding Bear real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
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 -1.81%, which is lower than 80% of US communities.
Over the last year, Bear appreciation rates have trailed the rest of the nation. In the last twelve months, Bear's appreciation rate has been 1.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bear were at 0.08%, which equates to an annual appreciation rate of 0.32%.
Relative to Delaware, our data show that Bear's latest annual appreciation rate is lower 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.
|$799,001 - $1,066,000||0.0|
|$533,001 - $799,000||0.2|
|$426,001 - $533,000||0.9|
|$320,001 - $426,000||8.9|
|$213,001 - $320,000||34.0|
|$107,001 - $213,000||31.2|
|$53,001 - $107,000||4.1|
|$0 - $53,000||19.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Bear HOMES|
|2000 or Newer||16.7|
|1970 - 1999||73.9|
|1940 - 1969||9.0|
|1939 or Older||0.4|
|TYPE OF Bear HOMES|
|Small Apt. Buildings||1.3|
|SIZE OF Bear HOMES|
|5 or more bedrooms||0.48|