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Rodney

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

Median Home$240,600
Median Rent$1,187/month
Population1,411
Leading IndustryInformation & Media6% of local workforce
Home Value Growth+10.4% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners65% of occupied units
Rodney Village
DE

Frequently Asked Questions

What are today's mortgage rates in Rodney?

As of today, the 30-year fixed mortgage rate for Rodney is approximately 6.980% (7.019% 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 Rodney?

The median home value in Rodney is $241k. The median monthly rent is $1,187. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rodney?

Home values in Rodney have increased 10.4% 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 Rodney?

Based on a typical all-in ownership cost of $1,182/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rodney is $51k/year.

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What industries drive the economy in Rodney?

The largest employment sectors in Rodney are public administration (21%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.