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These days, finding an affordable place to live in the Delaware area can be challenging. Home prices in Delaware are now at a median cost of $361,617, lower than the the United States average of $419,293.
The average cost of rent is $1,514/mo in Delaware, primarily driven by the current value of real estate in the Delaware area. In Delaware, 27.03% of households rent, and 35.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Delaware is $7,833 per month. Households that rent pay about 19.33% of their income on rent here. Delaware’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the state.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby States
- Maryland: higher priced homes
- District of Columbia: higher priced homes
- New Jersey: higher priced homes
- Pennsylvania: less expensive homes
- Virginia: higher priced homes
- New York: higher priced homes
- Connecticut: higher priced homes
- Rhode Island: higher priced homes
- West Virginia: less expensive homes
- Massachusetts: higher priced homes
States with Similar Populations
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