Dewey Beach, DE is a desirable location for anyone looking to buy a house. The median value of the housing in Dewey Beach is significantly higher than the US median at $871,000. This high median value reflects the desirability and popularity of the area. Furthermore, the appreciation rate of housing in Dewey Beach is even higher than that of the US with an 11.37% increase over the past year compared to 8.27% for US homes overall. Therefore, buying a house in Dewey Beach can be seen as a safe investment that will yield great returns in the future.
The median home cost in Dewey Beach is $871,000. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Dewey Beach is up 17.3%.
Average Age of Homes
- The median age of Dewey Beach real estate is 32 years old
The Rental Market in Dewey Beach
- Renters make up 1.7% of the Dewey Beach population
- 1.1% of houses and apartments in Dewey Beach, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.