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Selbyville

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

Median Home$393,067
Median Rent$987/month
Population2,919
Leading IndustriesWholesale Trade · Professional Services · Retail13% wholesale trade
Home Value Growth⬆⬆+20.9% over 2 years
Young Adults28% of residentsnear the national average
Homeowners77% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Selbyville
DE

Frequently Asked Questions

What are today's mortgage rates in Selbyville?

As of today, the 30-year fixed mortgage rate for Selbyville is approximately 6.926% (6.963% 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 Selbyville?

The median home value in Selbyville is $393k. The median monthly rent is $987. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Selbyville?

Home values in Selbyville have increased 20.9% 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 Selbyville?

Based on a typical all-in ownership cost of $1,050/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Selbyville is $76k/year.

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What industries drive the economy in Selbyville?

The largest employment sectors in Selbyville are public administration (25%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.