The typical owner-occupied home in Port Penn is worth about $383,900, 9% above the Delaware median of $352,000 and 15% above the national median of $332,700. The median household earns $72,009 a year, so the median home costs 5.3 times the median income (4.1 times for Delaware). 100% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Port Penn at a glance
| Port Penn | Delaware | U.S. | |
|---|---|---|---|
| Median home value | $383,900 | $352,000 | $332,700 |
| Median property tax paid per year | – | $1,768 | $3,119 |
| Median household income | $72,009 | $84,954 | $80,734 |
| Homes lived in by their owners | 100% | 73% | 65% |
| Owner homes with a mortgage | 58% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,857 | $1,816 | $1,963 |
| Those costs as a share of the owners' income | 23.2% | 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 | 592 | 1,021,191 | 334,922,499 |
What a typical home costs per month in Port Penn
At this week's average 30-year rate of 7.11%, buying the median Port Penn home of $383,900 with 20% down costs about $2,578 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,217, 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 $110,481 for the 20%-down payment. That payment is 43% of the median Port Penn household income of $72,009; at that income and 20% down, the 28% guideline points to a home of about $250,000.
| Down payment | $76,780 |
|---|---|
| Loan amount | $307,120 |
| Principal and interest | $2,066 |
| Property taxes (1.10% a year) | $352 |
| Homeowners insurance (our estimate, 0.5% a year) | $160 |
| PMI | $0 |
| Total per month | $2,578 |
Change the numbers in the calculator
| Down payment | $13,436 |
|---|---|
| Loan amount | $376,947 |
| Principal and interest | $2,536 |
| Property taxes (1.10% a year) | $352 |
| Homeowners insurance (our estimate, 0.5% a year) | $160 |
| FHA mortgage insurance | $170 |
| Total per month | $3,217 |
Change the numbers in the calculator
Questions about home buying in Port Penn
What is the median home value in Port Penn?
About $383,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Port Penn?
For the median home with 20% down at 7.11%, the payment is about $2,578 a month. Keeping that under 28% of gross income takes about $110,481 a year.
More about Port Penn
- Mortgage Refinance in Port Penn
- Debt Relief in Port Penn
- Home Equity Loans in Port Penn
- 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