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Affordable
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These days, finding an affordable place to live in the Bear Creek area can be challenging. Home prices in Bear Creek are now at a median cost of $474,500, higher than the Alaska average of $346,273.
The average cost of rent is $1,363/mo in Bear Creek, primarily driven by the current value of real estate in the Bear Creek area. In Bear Creek, 42.96% of households rent, and 43.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bear Creek is $7,981 per month. Households that rent pay about 17.08% of their income on rent here. Bear Creek’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Seward, AK: less expensive homes
- Moose Pass, AK: less expensive homes
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- Hope, AK: less expensive homes
- Sterling, AK: less expensive homes
- Girdwood, AK: higher priced homes
- Indian, AK: equally priced homes
- Soldotna, AK: less expensive homes
Cities with Similar Populations
- Wright, WY: less expensive homes
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- Southport, IN: less expensive homes
- South Greensburg, PA: less expensive homes
- Avilla, AR: less expensive homes
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