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Frederica

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

Median Home$371,600
Median Rent$807/month
Population1,184
Leading IndustriesRetail · Information & Media · Professional Services18% retail
Home Value Growth+0.2% over 2 years
Family-Friendly28% of residentswell above average
Homeowners83% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAmenity Score67/100 · highly walkable area
Frederica
DE

Frequently Asked Questions

What are today's mortgage rates in Frederica?

As of today, the 30-year fixed mortgage rate for Frederica is approximately 6.908% (6.944% 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 Frederica?

The median home value in Frederica is $372k. The median monthly rent is $807. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Frederica?

Home values in Frederica have increased 0.2% over the past two years. The market has been relatively stable. 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 Frederica?

Based on a typical all-in ownership cost of $1,249/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Frederica is $91k/year.

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What industries drive the economy in Frederica?

The largest employment sectors in Frederica are public administration (24%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.