Delaware Real Estate
Real Estate For Sale In Delaware
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Delaware is a popular state for buying real estate
What You Need To Know About Buying Real Estate in Delaware
With around 70% of residents being homeowners, The value of houses in Delaware have increased by around 7.8% over the last year, with many experts in the industry predicting a further rise over the next 12 months, by as much as 10.5% in some areas.
Delaware real estate is coming on the radar for real estate investors due to the state’s low cost of living and affordable housing. When you add the fact that Delaware has some of the lowest tax rates as well, you can see why it’s becoming a favorite, not just for investors but also for families, the elderly and the younger generation.
Although Delaware is the second smallest state in the US with just three counties, what it lacks in size it makes up for in other ways. The weather is warm in the summer and mild in the winter due to being close to the sea. The job market is thriving and Delaware’s economy is growing. The countryside and scenery is spectacular; from the highs of the Piedmont to the sandy beaches, there are as many as 17 state parks, too. For families, education in Delaware is wide ranging and good quality and the healthcare system is well-supported. There’s also plenty to do and see in Delaware, making it a great state to raise a family.
Things to See and Do in Delaware
Before you buy land in Delaware, either as an investment or to build a home, or invest in a house to raise a family, it’s a good idea to consider the choice of attractions and activities that help make Delaware a great place to live. As well as some of the cleanest sandy beaches along the coast, like Bethany Beach, Lewes Beach and Rehoboth Beach, and breathtaking hills, scenery and open green spaces, Delaware offers something for everyone to enjoy. The Prime Hook National Wildlife Refuge and Bombay Hook National Wildlife Refuge give you a fascinating look into nature. Try your hand at canoeing on a Wilderness Canoe Trip or for more sedate exercise, wander through the Nassau Valley Vineyards or the Governor Ross Plantation
A Brief History of Delaware
A Brief History of Delaware
Swedish settlers arrived in Delaware Valley in 1638 and established a colony and by the latter part of the century, had built Old Swedes Church. Also named Holy Trinity Church, it is one of the oldest houses of worship still in use in the US today.
There are more horseshoe crabs in Delaware Bay than anywhere else in the world. Native American Indians caught the crabs for food, and to use as a fertilizer on the land to produce better crops which continued well into the 1960s.
The counties of the state that’s named after the Delaware River that runs nearby were also established by the European settlers. Extending to around 2,500 square miles, Delaware became an official state of the US in 1787. Industry flourished over the years and during WWII, concrete observation towers were built along the coast to protect Delaware Bay and the coastal towns. Today, eleven towers remain.
Delaware Demographics
Delaware Demographics
Delaware is home to 1,012,615 people, according to the 2020 census; while it is the second smallest state, it is also the most densely populated with an average of 484 people per square mile. The largest proportion of the population is white (68.76%); there are 22.18% Black/African Americans and 3.87% Asians. The median age in Delaware is 39.6 years and the average individual income is $62,319
New Castle, Delaware
New Castle, Delaware
If you are buying a house in Delaware, New Castle is the largest of the counties and is home to the assumed capital of the state, Wilmington. There are 559,335 people in New Castle with a median income per household of $68,211 and a median age of 51 years.
New Castle is a popular suburb in Delaware where families and retirees enjoy the calm, peaceful neighborhoods with friendly people nearby. There are a variety of scenic walking or cycling routes.
Sussex, Delaware
Sussex, Delaware
The second largest county is Sussex, which is home to 237,378 people, as of the 2020 census. With a mainly white (72.3%) population, the median income per household is $63,162, slightly less than in New Castle, and a median age of 49.6 years.
Residents of Sussex love the access to beautiful sandy beaches and views over plenty of farmland. Housing in Sussex is affordable, most of which is owned with only around 20% of property in Sussex rented. The county is also home to excellent schools, including highly rated Beacon Middle School and Rehoboth Elementary School.
Kent, Delaware
Kent, Delaware
The smallest of the three counties in Delaware is Kent with a population of 181,851 people from mainly white (57.6%), black (25.1%) and Hispanic (7.6%) backgrounds. The median income per household in Kent is $60,910 and the median age is 37.7 years.
The least populated of Delaware’s counties, the stunning natural scenery makes it a favorite with its residents. It is affordable to buy land or a house in Kent county, and is home to Bombay Hook National Wildlife Refuge.
Is Investing in Delaware Real Estate the Right Move For You?
Is Investing in Delaware Real Estate the Right Move For You?
Whether you’re a first time house buyer or a serial real estate investor, Delaware is definitely a place to spend on buying a house or purchasing land. The one thing you have to consider as an investor though is that there is low demand for rentals. Most residents of Delaware own their homes. However, invest in the right places, like Rehoboth Beach, which is also popular with tourists and you could be benefiting from healthy returns in the holiday rentals market.
If you’re looking for a great place to bring up a family or retire, that has a thriving job market, growing economy, affordable housing, low taxes and plenty of things to do and see, you won’t go far wrong in Delaware.
Delaware Climate Risk
145/500
Wind risk
High risk
115/500
Tornado risk
Medium risk
112/500
Hurricane risk
Medium risk
112/500
Total weather risk
Medium risk
85/500
Air pollution risk
Medium risk
49/500
Hail risk
Low risk
41/500
Earthquake risk
Low risk
Kaiya Botosh
Jaydon Levin
Martin Lipshutz
Alfonso Rosser
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