Bear, Delaware Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Bear, Delaware rental market.
Bear, Delaware
Average Apartment Rent in March 2022
$1,716
Y-o-Y Change in Average
Apartment Rent
15%
Compared to a year ago, Bear, Delaware apartments have recorded a 15% rent increase.
Bear, Delaware |Average apartment rent trend
Bear, Delaware| Average apartment rent
Bear, Delaware | Apartment rent ranges
At 52.34%, apartments priced $1,500 - $2,000 represent the bulk of Bear, Delaware rentals, while condos priced Over $2,000 hold the lowest share of the market – 17.62%.
Bear, Delaware | Housing tenure**
Renters take up 42% of Bear, Delaware real estate, occupying a total of 3,094 units, while homeowners live in 4,251 properties.
Median number of rooms of renter-occupied housing units**
4.9
Renter median household income**
$69,758
Average household size of renter-occupied housing units**
2.99
Rental vacancy rate**
7.9%
Bear, Delaware | Renter-occupied housing units by no. of bedrooms**
There are 1,782 rentals in Bear, Delaware with 2 beds making up the highest share of the market, at 58%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 90 units. Overall, the median number of rooms in Bear, Delaware homes for rent is 4.9.
Bear, Delaware |Renter-occupied units by age of householder**
Most condos for rent in Bear, Delaware are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Bear, Delaware | Renter-occupied housing units by family type**
Bear, Delaware | Renter-occupied housing units by the presence of own children**
A total of 1,783 apartments for rent in Bear, Delaware, or 58% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 992 units. All in all, the median size of a renter-occupied household in Bear, Delaware is 2.99.
Bear, Delaware | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 47% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Bear, Delaware.
Bear, Delaware | Renter-occupied units by year structure built**
The highest share of Bear, Delaware apartment rentals, namely 25% or 774 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (21%, 648 units), and the ones Built 1970 - 1979 (17%, 516 units).
Bear, Delaware | Renter-occupied units by year householder moved in**
Median year renter moved into unit2015
Most Bear, Delaware renters (35%) moved in 2010 to 2014, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Bear, Delaware condos for rent is 2015.
Bear, Delaware | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Bear, Delaware renters have 1 vehicle available per household, 38% of them have 2 vehicles available, and 9% have 3 vehicles available.
Bear, Delaware | Means of transportation to work of householders living in renter-occupied housing units**
Bear, Delaware |Geographical mobility in the past year for householders living in renter-occupied housing units**
Bear, Delaware | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Bear, Delaware apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2019 American Community Survey 5-Year Estimates
