The typical owner-occupied home in Lewes is worth about $826,100, 2.3 times the Delaware median of $352,000 and 2.5 times the national median of $332,700. Owners pay a median $2,027 a year in property taxes, about 0.25% of their home's value, lower than the Delaware rate of 0.50%. The median household earns $96,393 a year, so the median home costs 8.6 times the median income (4.1 times for Delaware). 87% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Lewes at a glance
| Lewes | Delaware | U.S. | |
|---|---|---|---|
| Median home value | $826,100 | $352,000 | $332,700 |
| Median property tax paid per year | $2,027 | $1,768 | $3,119 |
| Property tax as a share of value | 0.25% | 0.50% | 0.94% |
| Median household income | $96,393 | $84,954 | $80,734 |
| Homes lived in by their owners | 87% | 73% | 65% |
| Owner homes with a mortgage | 47% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,257 | $1,816 | $1,963 |
| Those costs as a share of the owners' income | 18.2% | 20.0% | 21.0% |
| Median rent | $381 | $1,401 | $1,413 |
| Rent as a share of renters' income | 34.0% | 29.9% | 30.6% |
| Median year homes were built | 1991 | 1987 | 1980 |
| Vacant homes | 42.6% | 13.4% | 10.1% |
| Population | 3,505 | 1,021,191 | 334,922,499 |
What a typical home costs per month in Lewes
At this week's average 30-year rate of 7.11%, buying the median Lewes home of $826,100 with 20% down costs about $4,962 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,471, 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 $212,661 for the 20%-down payment. That payment is 62% of the median Lewes household income of $96,393; at that income and 20% down, the 28% guideline points to a home of about $374,000.
The median rent here is $381 a month, so owning the median home costs about $4,581 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $165,220 |
|---|---|
| Loan amount | $660,880 |
| Principal and interest | $4,446 |
| Property taxes (0.25% a year) | $172 |
| Homeowners insurance (our estimate, 0.5% a year) | $344 |
| PMI | $0 |
| Total per month | $4,962 |
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| Down payment | $28,914 |
|---|---|
| Loan amount | $811,137 |
| Principal and interest | $5,457 |
| Property taxes (0.25% a year) | $172 |
| Homeowners insurance (our estimate, 0.5% a year) | $344 |
| FHA mortgage insurance | $498 |
| Total per month | $6,471 |
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Questions about home buying in Lewes
What is the median home value in Lewes?
About $826,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lewes?
Homeowners pay a median $2,027 a year, which is about 0.25% 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 Lewes?
For the median home with 20% down at 7.11%, the payment is about $4,962 a month. Keeping that under 28% of gross income takes about $212,661 a year.
More about Lewes
- Mortgage Refinance in Lewes
- Debt Relief in Lewes
- Home Equity Loans in Lewes
- 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