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Delaware Park

Learn about the people, housing, costs and businesses in Delaware Park, New Jersey

Median Home$358,400
Median Rent$1,582/month
Population785
Leading IndustriesTransportation · Retail · Information & Media7% transportation
Home Value Growth⬆⬆+13.9% over 2 years
Retirees27% of residentsabove average nationally
Homeowners76% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableHigh Incomes$91k/year · top 24% nationally
Delaware Park
NJ

Frequently Asked Questions

What are today's mortgage rates in Delaware Park?

As of today, the 30-year fixed mortgage rate for Delaware Park is approximately 6.927% (6.964% 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 Park?

The median home value in Delaware Park is $358k. The median monthly rent is $1,582. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Delaware Park?

Home values in Delaware Park have increased 13.9% over the past two years. This indicates a strong appreciation trend. 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 Park?

Based on a typical all-in ownership cost of $1,531/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Delaware Park is $91k/year.

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What industries drive the economy in Delaware Park?

The largest employment sectors in Delaware Park are public administration (21%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.