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Delaware

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

Median Home$166,100
Median Rent$775/month
Population149
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services13% arts, food & hospitality
Home Value Growth-5.0% over 2 years
Retirees21% of residentsnear the national average
Homeowners86% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Delaware
IA

Frequently Asked Questions

What are today's mortgage rates in Delaware?

As of today, the 30-year fixed mortgage rate for Delaware is approximately 6.809% (6.842% 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 $166k. The median monthly rent is $775. 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 decreased 5.0% over the past two years. Buyers may find more negotiating room in this market. 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 $897/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Delaware is $84k/year.

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What industries drive the economy in Delaware?

The largest employment sectors in Delaware are public administration (19%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.