The typical owner-occupied home in Cheswold is worth about $314,600, 11% below the Delaware median of $352,000 and 5% below the national median of $332,700. Owners pay a median $1,495 a year in property taxes, about 0.48% of their home's value, lower than the Delaware rate of 0.50%. The median household earns $86,875 a year, so the median home costs 3.6 times the median income (4.1 times for Delaware). 95% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Cheswold at a glance
| Cheswold | Delaware | U.S. | |
|---|---|---|---|
| Median home value | $314,600 | $352,000 | $332,700 |
| Median property tax paid per year | $1,495 | $1,768 | $3,119 |
| Property tax as a share of value | 0.48% | 0.50% | 0.94% |
| Median household income | $86,875 | $84,954 | $80,734 |
| Homes lived in by their owners | 95% | 73% | 65% |
| Owner homes with a mortgage | 52% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,978 | $1,816 | $1,963 |
| Those costs as a share of the owners' income | 24.1% | 20.0% | 21.0% |
| Median rent | $880 | $1,401 | $1,413 |
| Rent as a share of renters' income | 31.7% | 29.9% | 30.6% |
| Median year homes were built | 2010 | 1987 | 1980 |
| Vacant homes | 7.6% | 13.4% | 10.1% |
| Population | 2,143 | 1,021,191 | 334,922,499 |
What a typical home costs per month in Cheswold
At this week's average 30-year rate of 7.11%, buying the median Cheswold home of $314,600 with 20% down costs about $1,950 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,474, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $83,571 for the 20%-down payment. That payment is 27% of the median Cheswold household income of $86,875; at that income and 20% down, the 28% guideline points to a home of about $327,000.
The median rent here is $880 a month, so owning the median home costs about $1,070 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $62,920 |
|---|---|
| Loan amount | $251,680 |
| Principal and interest | $1,693 |
| Property taxes (0.48% a year) | $126 |
| Homeowners insurance (our estimate, 0.5% a year) | $131 |
| PMI | $0 |
| Total per month | $1,950 |
Change the numbers in the calculator
| Down payment | $11,011 |
|---|---|
| Loan amount | $308,902 |
| Principal and interest | $2,078 |
| Property taxes (0.48% a year) | $126 |
| Homeowners insurance (our estimate, 0.5% a year) | $131 |
| FHA mortgage insurance | $139 |
| Total per month | $2,474 |
Change the numbers in the calculator
Questions about home buying in Cheswold
What is the median home value in Cheswold?
About $314,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cheswold?
Homeowners pay a median $1,495 a year, which is about 0.48% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Cheswold?
For the median home with 20% down at 7.11%, the payment is about $1,950 a month. Keeping that under 28% of gross income takes about $83,571 a year.
More about Cheswold
- Mortgage Refinance in Cheswold
- Debt Relief in Cheswold
- Home Equity Loans in Cheswold
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data