Mortgage payment estimates, closing cost breakdowns, and homebuying data for Bear, Delaware.
Median Home Price
$310K
Population
21K
Avg Monthly Rent
$1,380
Property Tax Rate
0.56% *
* Property tax shown is the Delaware state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Bear.
Bear vs Delaware Median
The median home price in Bear is $310,000, which is 13% below the Delaware state median of $355,000.
Mortgage Calculator — Bear, DE
Pre-filled with Bear median home price and Delaware tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $310K home using Delaware's 0.56% tax rate and $1,300/yr insurance.
5% Down
$2,286/mo
Down: $15,500
Loan: $295K
P&I: $1,861
Tax: $145
Insurance: $108
PMI: $172
10% Down
$2,179/mo
Down: $31,000
Loan: $279K
P&I: $1,763
Tax: $145
Insurance: $108
PMI: $163
20% Down (No PMI)
$1,821/mo
Down: $62,000
Loan: $248K
P&I: $1,568
Tax: $145
Insurance: $108
Income needed (28% rule): $78K/year with 20% down, $93K/year with 10% down.
Rent vs Buy in Bear
Rent
$1,380/mo
vs
Buy (10% down)
$2,179/mo
Price-to-rent ratio: 18.7 — A ratio between 15-20 means the rent vs buy decision in Bear depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Bear is $310,000, 13% below the Delaware state median of $355,000. With a population of 21,298, Bear is a smaller market where home prices tend to be more accessible than in many parts of Delaware.
Property taxes in Delaware average 0.56% annually. This low property tax rate is a significant advantage for Bear buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Delaware runs approximately $1,300 per year. This is within the normal range nationally.
Average rent in Bear is $1,380/month. The price-to-rent ratio in Bear is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Bear presents moderate affordability. The $310K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.