The typical owner-occupied home in Ellendale is worth about $269,500, 23% below the Delaware median of $352,000 and 19% below the national median of $332,700. Owners pay a median $1,227 a year in property taxes, about 0.46% of their home's value, lower than the Delaware rate of 0.50%. The median household earns $65,250 a year, so the median home costs 4.1 times the median income (4.1 times for Delaware). 80% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Ellendale at a glance
| Ellendale | Delaware | U.S. | |
|---|---|---|---|
| Median home value | $269,500 | $352,000 | $332,700 |
| Median property tax paid per year | $1,227 | $1,768 | $3,119 |
| Property tax as a share of value | 0.46% | 0.50% | 0.94% |
| Median household income | $65,250 | $84,954 | $80,734 |
| Homes lived in by their owners | 80% | 73% | 65% |
| Owner homes with a mortgage | 73% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,296 | $1,816 | $1,963 |
| Those costs as a share of the owners' income | 19.8% | 20.0% | 21.0% |
| Median rent | $878 | $1,401 | $1,413 |
| Rent as a share of renters' income | 27.2% | 29.9% | 30.6% |
| Median year homes were built | 2004 | 1987 | 1980 |
| Vacant homes | 4.3% | 13.4% | 10.1% |
| Population | 760 | 1,021,191 | 334,922,499 |
What a typical home costs per month in Ellendale
At this week's average 30-year rate of 7.11%, buying the median Ellendale home of $269,500 with 20% down costs about $1,666 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,115, 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 $71,398 for the 20%-down payment. That payment is 31% of the median Ellendale household income of $65,250; at that income and 20% down, the 28% guideline points to a home of about $246,000.
The median rent here is $878 a month, so owning the median home costs about $788 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $53,900 |
|---|---|
| Loan amount | $215,600 |
| Principal and interest | $1,450 |
| Property taxes (0.46% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $112 |
| PMI | $0 |
| Total per month | $1,666 |
Change the numbers in the calculator
| Down payment | $9,432 |
|---|---|
| Loan amount | $264,619 |
| Principal and interest | $1,780 |
| Property taxes (0.46% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $112 |
| FHA mortgage insurance | $119 |
| Total per month | $2,115 |
Change the numbers in the calculator
Questions about home buying in Ellendale
What is the median home value in Ellendale?
About $269,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ellendale?
Homeowners pay a median $1,227 a year, which is about 0.46% 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 Ellendale?
For the median home with 20% down at 7.11%, the payment is about $1,666 a month. Keeping that under 28% of gross income takes about $71,398 a year.
More about Ellendale
- Mortgage Refinance in Ellendale
- Debt Relief in Ellendale
- Home Equity Loans in Ellendale
- 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