The typical owner-occupied home in Rehoboth Beach is worth about $1,486,100, 4.2 times the Delaware median of $352,000 and 4.5 times the national median of $332,700. Owners pay a median $2,066 a year in property taxes, about 0.14% of their home's value, lower than the Delaware rate of 0.50%. The median household earns $137,500 a year, so the median home costs 10.8 times the median income (4.1 times for Delaware). 81% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Rehoboth Beach at a glance
| Rehoboth Beach | Delaware | U.S. | |
|---|---|---|---|
| Median home value | $1,486,100 | $352,000 | $332,700 |
| Median property tax paid per year | $2,066 | $1,768 | $3,119 |
| Property tax as a share of value | 0.14% | 0.50% | 0.94% |
| Median household income | $137,500 | $84,954 | $80,734 |
| Homes lived in by their owners | 81% | 73% | 65% |
| Owner homes with a mortgage | 46% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,770 | $1,816 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 20.0% | 21.0% |
| Median rent | $1,307 | $1,401 | $1,413 |
| Rent as a share of renters' income | 19.6% | 29.9% | 30.6% |
| Median year homes were built | 1975 | 1987 | 1980 |
| Vacant homes | 74.3% | 13.4% | 10.1% |
| Population | 1,370 | 1,021,191 | 334,922,499 |
What a typical home costs per month in Rehoboth Beach
At this week's average 30-year rate of 7.11%, buying the median Rehoboth Beach home of $1,486,100 with 20% down costs about $8,790 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $11,505, 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 $376,725 for the 20%-down payment. That payment is 77% of the median Rehoboth Beach household income of $137,500; at that income and 20% down, the 28% guideline points to a home of about $542,000.
The median rent here is $1,307 a month, so owning the median home costs about $7,483 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $297,220 |
|---|---|
| Loan amount | $1,188,880 |
| Principal and interest | $7,998 |
| Property taxes (0.14% a year) | $173 |
| Homeowners insurance (our estimate, 0.5% a year) | $619 |
| PMI | $0 |
| Total per month | $8,790 |
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| Down payment | $52,014 |
|---|---|
| Loan amount | $1,459,183 |
| Principal and interest | $9,816 |
| Property taxes (0.14% a year) | $173 |
| Homeowners insurance (our estimate, 0.5% a year) | $619 |
| FHA mortgage insurance | $896 |
| Total per month | $11,505 |
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Questions about home buying in Rehoboth Beach
What is the median home value in Rehoboth Beach?
About $1,486,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rehoboth Beach?
Homeowners pay a median $2,066 a year, which is about 0.14% 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 Rehoboth Beach?
For the median home with 20% down at 7.11%, the payment is about $8,790 a month. Keeping that under 28% of gross income takes about $376,725 a year.
More about Rehoboth Beach
- Mortgage Refinance in Rehoboth Beach
- Debt Relief in Rehoboth Beach
- Home Equity Loans in Rehoboth Beach
- 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