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Buying a home in Viola, Delaware

The typical owner-occupied home in Viola is worth about $269,400, 23% below the Delaware median of $352,000 and 19% below the national median of $332,700. Owners pay a median $1,325 a year in property taxes, about 0.49% of their home's value, close to the Delaware rate of 0.50%. 98% of occupied homes here are lived in by their owners, and 83% of those owners still have a mortgage.

Viola at a glance

Viola Delaware U.S.
Median home value $269,400 $352,000 $332,700
Median property tax paid per year $1,325 $1,768 $3,119
Property tax as a share of value 0.49% 0.50% 0.94%
Median household income – $84,954 $80,734
Homes lived in by their owners 98% 73% 65%
Owner homes with a mortgage 83% 64% 61%
Median monthly costs, owners with a mortgage $1,550 $1,816 $1,963
Those costs as a share of the owners' income 14.6% 20.0% 21.0%
Median rent – $1,401 $1,413
Median year homes were built 1938 1987 1980
Vacant homes 0.0% 13.4% 10.1%
Population 178 1,021,191 334,922,499

What a typical home costs per month in Viola

At this week's average 30-year rate of 7.11%, buying the median Viola home of $269,400 with 20% down costs about $1,672 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,121, 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 $71,661 for the 20%-down payment.

20% down, 30-year conventional loan
Down payment$53,880
Loan amount$215,520
Principal and interest$1,450
Property taxes (0.49% a year)$110
Homeowners insurance (our estimate, 0.5% a year)$112
PMI$0
Total per month$1,672

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3.5% down, 30-year FHA loan
Down payment$9,429
Loan amount$264,520
Principal and interest$1,779
Property taxes (0.49% a year)$110
Homeowners insurance (our estimate, 0.5% a year)$112
FHA mortgage insurance$119
Total per month$2,121

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Questions about home buying in Viola

What is the median home value in Viola?

About $269,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Viola?

Homeowners pay a median $1,325 a year, which is about 0.49% 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 Viola?

For the median home with 20% down at 7.11%, the payment is about $1,672 a month. Keeping that under 28% of gross income takes about $71,661 a year.

More about Viola

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