Rent to own Homes in Bear, DE
Bear is technically a census designated place within 13 miles of Wilmington and 40 miles of Dover. The funny thing is that Bear isn't actually named after bears, but rather after The Bear, a colonial-era tavern where George Washington once stayed. Although the bar shut down in the 1840's, this town of almost 20,000 in New Castle County has a history and vibrancy that can still be seen in its architecture, sites, and proud people.
Bear, DE is a great place for affordable rent-to-own homes! With a median household income of over $76,920 and a median rent of $1,430, the Bear, DE rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Bear, DE. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Bear, DE Property Resources
Rent to own Homes in Cities Near Bear, DE
- Alloway
- Arden
- Ardentown
- Avondale
- Bear
- Carneys Point
- Cecilton
- Chadds Ford
- Charlestown
- Chesapeake City
- Claymont
- Cochranville
- Colora
- Delaware City
- Dilworthtown
- Earleville
- Elkton
- Elsmere
- Galena
- Garnet Valley
- Glasgow
- Hamorton
- Hancocks Bridge
- Havre de Grace
- Landenberg
- Massey
- Middletown
- Millington
- New Castle
- Newport
- North East
- Nottingham
- Pedricktown
- Penns Grove
- Pennsville
- Pike Creek
- Pike Creek Valley
- Port Penn
- Rising Sun
- Salem
- Smyrna
- St Georges
- Still Pond
- Thornton
- Townsend
- Warwick
- West Grove
- Wilmington
- Winterthur
- Yorklyn
Neighborhoods in Bear, DE
Becks Woods rent to own homes Glendale rent to own homes Meridian Crossing rent to own homes Saint Andrews rent to own homes Bear rent to own homesPopular Zip Codes in Bear, DE
No zip codes foundBuying a Home in Bear, DE
Bear, DE is seeing rapid growth and Bear, DE's' housing market remains not optimal with an average home price that is 2% above the 2024 national average. Bear, DE is part of New Castle county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county New Castle is 0.55% which is below the national average, which is 0.99%.
Median Home Price in Bear, DE
Median Rent in Bear, DE
Top 4 Reasons to Live in Bear, DE
Stay active! In Bear, there's no excuse to be a couch potato, even when winter arrives. For instance, Becks Pond County Park is an awesome spot for viewing a variety of wildlife and fishing. The Delaware Rock Gym offers excellent climbing walls and always provides excitement along with an intense workout. Looking for something more mellow? Walking along the tranquil Christina River is a wonderful way to start the day. Additionally, the town is full of neighborhood parks, so there are plenty of reasons to go out and explore Bear's recreational venues.
Benefit from increasing home value! The value of property in Delaware rose over 5% in the last 12 months--a trend that's expected to continue. That makes now the time in Bear to buy. For those unsure of where they want to live, understand that some real estate companies and owners give housing shoppers the opportunity to rent to own. This allows newcomers the chance to test an area prior to buying. A few neighborhoods to consider are Centennial Village, Country Creek, and Lauren Farms.
Dine and party! Whenever the mood strikes, Bear is waiting to serve its residents a good meal and a good time. For some tasty pasta, head to Ristorante Marco. For a bold sandwich, try Capelli's Subs and Steaks. For sushi and fusion dishes, visit Kenny's Pan Asian Cuisine. Once your appetite has been satisfied, go have a drink. Stewart's Brewing Company has great craft beers, Just Mugs Saloon is the place to dance, and Thurston's Pub is always bustling with action.
Get any type of pad! Only 37.6% of housing units in Bear are single family homes. The rest are a mix of townhomes, condominiums, mobile homes, and apartments. Those moving here can choose from all sorts of units, even homes built long ago (though White Hall, a historic house in Bear, is not available). For rentals, check near Glasgow Park, as many apartments and townhomes have been built there. The area around Glendale Park typically has houses for sale.