Big Bear Lake First-Time Homebuyer Report for January

Big Bear Lake is an average-sized city in California with 5,019 residents. Its population is also growing about even with others at a 10-year growth rate of 21.1%. Big Bear Lake is an area where 13.1% of the homes are owned, while 9.4% are rented. Leading the list of top schools in the city are Big Bear Elementary School, Big Bear Middle School, and Big Bear High School.

Price Range

The median value of homes in Big Bear Lake is $201,300, making the area almost identical to others in California. At the same time, the average list price of available homes is presently $468,955. The Big Bear Lake market was healthy in this week's report, as the number of home sales rose 5.7%, pushing the total to 37 homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Big Bear Lake:

$108K   $235K   $199K  

Typical Dwelling

A three-bedroom detached home valued around $410,767 is considered a typical dwelling in Big Bear Lake. If a buyer was looking for a similar home, they would need good credit and a $82,153 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,449 and the property tax rate is $9.16 per $1,000 of taxable assessed value.

Get started right now by checking out Big Bear Lake homes for sale or reviewing Big Bear Lake real estate trends.


Data reported through 1/12/2017

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