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Delaware

Learn about the people, housing, costs and businesses in Delaware, Delaware

Median Home$319,600
Median Rent$1,461/month
Population1,780
Leading IndustriesWholesale Trade · Finance & Insurance · Information & Media14% wholesale trade
Home Value Growth+10.0% over 2 years
Young Adults27% of residentsnear the national average
Homeowners81% of occupied units
NotableHigh Incomes$94k/year · top 21% nationally
Delaware City
DE

Frequently Asked Questions

What are today's mortgage rates in Delaware?

As of today, the 30-year fixed mortgage rate for Delaware is approximately 6.967% (7.006% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Delaware?

The median home value in Delaware is $320k. The median monthly rent is $1,461. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Delaware?

Home values in Delaware have increased 10.0% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Delaware?

Based on a typical all-in ownership cost of $1,467/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $63k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Delaware is $94k/year.

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What industries drive the economy in Delaware?

The largest employment sectors in Delaware are public administration (17%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.