New Castle County, Delaware Housing Market
In New Castle County, Delaware, the median home value is $352,200, with a median monthly rent of $1,448. This places New Castle County at #406 nationally out of 3134 counties by median home value, and #2 within Delaware.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,624
- Establishments: 28,549
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,128
- Multi-family: 194
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 234,664 (avg $95,172)
- Outflow: 228,498 (avg $96,366)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in New Castle County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 19801 | 250.6 | +7.07% | 2025 |
| 2 | 19807 | 201.7 | -0.41% | 2025 |
| 3 | 21912 | 241.5 | — | 2025 |
| 4 | 19802 | 254.9 | +5.92% | 2025 |
| 5 | 19734 | 276.0 | +4.92% | 2025 |
| 6 | 19804 | 264.7 | +4.64% | 2025 |
| 7 | 19703 | 268.6 | +4.19% | 2025 |
| 8 | 19808 | 265.6 | +4.86% | 2025 |
| 9 | 19806 | 235.5 | +4.76% | 2025 |
| 10 | 19713 | 299.4 | +5.54% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How New Castle County Compares
| Metric | New Castle County | Delaware Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $352,200 | $350,466 | $227,706 |
| Median Gross Rent | $1,448 | $1,346 | $968 |
| Owner Occupancy Rate | 69.0% | 74.4% | 73.3% |
| Price/Rent Ratio | 20.3 | 21.9 | 18.7 |
Market Analysis
The median home value in New Castle County is about equal to the Delaware state average and 54.7% above the U.S. national average. The median rent of $1,448/month is 7.6% above the state average.
With a price-to-rent ratio of 20.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
New Castle County has an owner-occupancy rate of 69.0%, compared to 74.4% in Delaware and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Middlesex County | Virginia | $352,200 | $1,059 |
| Glenn County | California | $352,400 | $1,120 |
| Chisago County | Minnesota | $351,900 | $1,186 |
| Ulster County | New York | $352,500 | $1,425 |
| Granite County | Montana | $352,700 | $675 |
Other Counties in Delaware
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Sussex County | $382,600 | $1,238 | 81.6% |
| Kent County | $316,600 | $1,354 | 72.5% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).