The typical owner-occupied home in Delaware is worth about $266,700, 41% below the New Jersey median of $454,400 and 20% below the national median of $332,700. Owners pay a median $5,887 a year in property taxes, about 2.21% of their home's value, close to the New Jersey rate of 2.11%. The median household earns $66,528 a year, so the median home costs 4.0 times the median income (4.4 times for New Jersey). 85% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Delaware at a glance
| Delaware | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $266,700 | $454,400 | $332,700 |
| Median property tax paid per year | $5,887 | $9,590 | $3,119 |
| Property tax as a share of value | 2.21% | 2.11% | 0.94% |
| Median household income | $66,528 | $103,556 | $80,734 |
| Homes lived in by their owners | 85% | 64% | 65% |
| Owner homes with a mortgage | 55% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,583 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 29.2% | 22.9% | 21.0% |
| Median rent | – | $1,720 | $1,413 |
| Median year homes were built | 1938 | 1970 | 1980 |
| Vacant homes | 0.0% | 7.5% | 10.1% |
| Population | 101 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Delaware
At this week's average 30-year rate of 7.11%, buying the median Delaware home of $266,700 with 20% down costs about $2,038 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,482, 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 $87,325 for the 20%-down payment. That payment is 37% of the median Delaware household income of $66,528; at that income and 20% down, the 28% guideline points to a home of about $203,000.
| Down payment | $53,340 |
|---|---|
| Loan amount | $213,360 |
| Principal and interest | $1,435 |
| Property taxes (2.21% a year) | $491 |
| Homeowners insurance (our estimate, 0.5% a year) | $111 |
| PMI | $0 |
| Total per month | $2,038 |
Change the numbers in the calculator
| Down payment | $9,334 |
|---|---|
| Loan amount | $261,869 |
| Principal and interest | $1,762 |
| Property taxes (2.21% a year) | $491 |
| Homeowners insurance (our estimate, 0.5% a year) | $111 |
| FHA mortgage insurance | $118 |
| Total per month | $2,482 |
Change the numbers in the calculator
Questions about home buying in Delaware
What is the median home value in Delaware?
About $266,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Delaware?
Homeowners pay a median $5,887 a year, which is about 2.21% 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 Delaware?
For the median home with 20% down at 7.11%, the payment is about $2,038 a month. Keeping that under 28% of gross income takes about $87,325 a year.
More about Delaware
- Mortgage Refinance in Delaware
- Debt Relief in Delaware
- Home Equity Loans in Delaware
- 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