Delaware State is a great place to invest in real estate as the median value of housing is significantly higher than the US average. Over the past year, the appreciation rate for house prices has been even higher than the national average, with an increase of 11.86%. This indicates that Delaware's housing market is strong and provides excellent investment opportunities.
The median home cost in Delaware is $336,200. Home appreciation the last 10 years has been 61.9%. Home Appreciation in Delaware is up 13.9%.
Average Age of Homes
- The median age of Delaware real estate is 34 years old
The Rental Market in Delaware
- Renters make up 23.4% of the Delaware population
- 1.5% of houses and apartments in Delaware, 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.