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Affordable
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These days, finding an affordable place to live in the Townsend area can be challenging. Home prices in Townsend are now at a median cost of $458,422, higher than the Delaware average of $361,617.
The average cost of rent is $1,715/mo in Townsend, primarily driven by the current value of real estate in the Townsend area. In Townsend, 6.70% of households rent, and 23.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Townsend is $11,101 per month. Households that rent pay about 15.45% of their income on rent here. Townsend’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pine Tree Corners, DE: higher priced homes
- Point Breeze, DE: less expensive homes
- Odessa, DE: less expensive homes
- Middletown, DE: equally priced homes
- Smyrna Landing, DE: less expensive homes
- Warwick, MD: less expensive homes
- Golts, MD: less expensive homes
- Port Penn, DE: equally priced homes
- Smyrna, DE: less expensive homes
- Clayton, DE: less expensive homes
Cities with Similar Populations
- Laurel, DE: less expensive homes
- Seekonk, MA: higher priced homes
- Seabrook, TX: less expensive homes
- Scottsville, KY: less expensive homes
- Savannah, TN: less expensive homes
- Sault Ste. Marie, MI: less expensive homes
- Sarasota Springs, FL: less expensive homes
- Santaquin, UT: equally priced homes
- Lockhart, FL: less expensive homes
- Lindenhurst, IL: less expensive homes
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