Delmar, DE 19940 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Delmar, DE—19940

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$333,000

1.9% YoY Growth

Household Income

$63,400

22.6% YoY Growth

Days on Market

11.0% Shorter YoY

Home Price Forecast

1.1%

Median Rent

$1,400

45.5% YoY Growth

1-Bed Rent

$1,200

9.1% YoY Growth

2-Bed Rent

$1,200

N/A

3-Bed Rent

$1,500

N/A

Home Price Trends — Delmar, DE

As of Dec '25, the median home price in Delmar, DE is $333,000, with a year-over-year change of -1.9%. This indicates that home prices in Delmar, DE are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$333,000	-1.9%
Single Family	$333,000	-2.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Delmar, DE

As of July '25, Rentcast reports the average rent in Delmar, DE is $1,600, with a year-over-year rent change of 45.5%. Per bedroom, the median rent as of July '25 in Delmar, DE is 1-bedrooms: $1,200, 2-bedrooms: $1,200, 3-bedrooms: $1,730, 4-bedrooms: $2,400. The most common rental property sizes in Delmar, DE are 1-bedroom and 2-bedroom, accounting for 37.8% and 32.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,600
Studio Rent	N/A	N/A
1 Bed Rent	$1,200	$1,200
2 Bed Rent	$1,200	$1,200
3 Bed Rent	$1,500	$1,730
4 Bed Rent	$2,400	$2,400

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% of Rental Stock

1 Bedroom

37.8%

2 Bedrooms

32.4%

3 Bedrooms

23.2%

4 Bedrooms

5.6%

5+ Bedrooms

1.0%

Property Listings — Delmar, DE

As of Dec '25, Realtor.com reports that the median days on market for a home in Delmar, DE is 39. This is a decrease of -18.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$350,000	0.0%
Listing Count	22	51.0%
Listings as % of Homes	0.6%	51.0%
Days on Market	57	-11.0%

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Demographics — Delmar, DE

As of the latest ACS Survey released in 2023, Delmar, DE has a population of 7,110, which has increased by 28.3% over the past 5 years. Delmar, DE is a popular place for families, as children make up 25.3% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,110	28.3%
% Under 18	25.3%	5.9%
% Seniors	18.1%	-6.7%
% WFH	10.8%	1,100.0%
% w/ College Degree	21.9%	72.4%

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As of the latest ACS Survey released in 2023, Delmar, DE is a predominantly white area, with 66.3% of the population identifying as white. The white population has shrunk by 24.7% in the last 5 years. The second most common race or ethnicity in Delmar, DE is black, making up 16.5% of the population. Foreign-born residents account for 6.6% of the population in Delmar, DE, and this percentage has increased by 230.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	66.3%	-24.7%
% Black	16.5%	81.3%
% Hispanic	10.4%	700.0%
% Asian	1.7%	142.9%
% Foreign Born	6.6%	230.0%

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Mortgage and Risk — Delmar, DE

According to HUD data as of 2023, there were 247 mortgage originations in Delmar, DE, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Delmar, DE. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	247
% Conventional Loans	68.0%
% Government Loans	32.0%
% Investor Loans	3.0%
% Second Loans	4.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Delmar, DE

As of 2024, the percent of homes in Delmar, DE under the Section 8 program is 1.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Delmar, DE, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	6
Total Units Section 8	6
% Rentals under Section 8	1.7%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$310	$1,200	$890
2 Bedroom	-$30	$1,200	$1,170
3 Bedroom	$0	$1,500	$1,500
4 Bedroom	-$560	$2,400	$1,840

Delmar, DE—19940

Key Metrics at a Glance

Home Price Trends — Delmar, DE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Delmar, DE

% of Rental Stock

Property Listings — Delmar, DE

Demographics — Delmar, DE

Race and Ethnicity

Mortgage and Risk — Delmar, DE

Mortgages

Rentals and Section 8 — Delmar, DE

Section 8 Market Size

Section 8 Opportunity

Affordability — Delmar, DE

Home Price to Income Ratio

Delmar, DE — ZIP Code Boundary Map

Nearby ZIP Codes

Delmar, MD

Laurel, DE

Bethel, DE

Salisbury, MD

Parsonsburg, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.2
Median Home Price	$333,000
Median Household Income	$63,400

Delmar, DE—19940

Key Metrics at a Glance

Home Price Trends — Delmar, DE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Delmar, DE

% of Rental Stock

Property Listings — Delmar, DE

Demographics — Delmar, DE

Race and Ethnicity

Mortgage and Risk — Delmar, DE

Mortgages

Rentals and Section 8 — Delmar, DE

Section 8 Market Size

Section 8 Opportunity

Affordability — Delmar, DE

Home Price to Income Ratio

Delmar, DE — ZIP Code Boundary Map

Nearby ZIP Codes

Delmar, MD

Laurel, DE

Bethel, DE

Salisbury, MD

Parsonsburg, MD

Frequently Asked Questions

What is the average home price in Delmar, DE 19940?

How have home prices in Delmar, DE 19940 changed over the past year?

What is the home price projection for Delmar, DE 19940?

What are the demographics of Delmar, DE 19940?

How long does it take homes to sell in Delmar, DE 19940?

What is the average rent price in Delmar, DE 19940?