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Red Clay Consolidated

Learn about the people, housing, costs and businesses in Red Clay Consolidated, Delaware

Median Home$365,153
Median Rent$1,453/month
Population139,678
Leading IndustriesHealthcare · Arts, Food & Hospitality · Finance & Insurance15% healthcare
Home Value Growth⬆⬆+15.8% over 2 years
Young Adults28% of residentsnear the national average
Homeowners69% of occupied units
NotableHigh Incomes$93k/year · top 21% nationally
NotableHighly Educated22% bachelor's · 11% graduate · top 24% nationally
Red Clay Consolidated
DE

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Red Clay Consolidated?

As of today, the 30-year fixed mortgage rate for Red Clay Consolidated is approximately 6.920% (6.957% 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 Red Clay Consolidated?

The median home value in Red Clay Consolidated is $365k. The median monthly rent is $1,453. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Red Clay Consolidated?

Home values in Red Clay Consolidated have increased 15.8% 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 Red Clay Consolidated?

Based on a typical all-in ownership cost of $1,427/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Red Clay Consolidated is $93k/year.

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What industries drive the economy in Red Clay Consolidated?

The largest employment sectors in Red Clay Consolidated are public administration (25%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.