Delmar, DE—19940
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Delmar, DE
As of Oct '25, the median home price in Delmar, DE is $333,000, with a year-over-year change of -1.4%. This indicates that home prices in Delmar, DE are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $333,000 | -1.4% |
| Single Family | $333,000 | -2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $338,000 | -0.3% |
4 Bed | $392,000 | 0.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Delmar, DE
As of Oct '25, Realtor.com reports that the median days on market for a home in Delmar, DE is 36. This is a decrease of -6.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 2.0% |
Listing Count | 25 | 45.0% |
| Listings as % of Homes | 0.6% | 45.0% |
Days on Market | 36 | -6.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Delmar, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $333,000 |
| Median Household Income | $63,400 |