Lewes, DE 19958 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lewes, DE—19958

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$590,000

0.4% YoY Growth

Household Income

$91,400

26.7% YoY Growth

Days on Market

8.0% Longer YoY

Home Price Forecast

-0.6%

Median Rent

$2,400

5.6% YoY Growth

1-Bed Rent

$1,650

1.2% YoY Growth

2-Bed Rent

$1,900

6.7% YoY Growth

3-Bed Rent

$2,500

0.8% YoY Growth

Home Price Trends — Lewes, DE

As of May '26, the median home price in Lewes, DE is $590,000, with a year-over-year change of -0.4%. This indicates that home prices in Lewes, DE are flat. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$590,000	-0.4%
Single Family	$611,000	-0.3%
Condos	$446,000	-6.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lewes, DE

As of July '25, Rentcast reports the average rent in Lewes, DE is $2,440, with a year-over-year rent change of 5.6%. Per bedroom, the median rent as of July '25 in Lewes, DE is studios: $2,220, 1-bedrooms: $1,660, 2-bedrooms: $2,100, 3-bedrooms: $2,540, 4-bedrooms: $2,860. The most common rental property sizes in Lewes, DE are 3-bedroom and 2-bedroom, accounting for 41.8% and 34.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,400	$2,440
Studio Rent	$1,250	$2,220
1 Bed Rent	$1,650	$1,660
2 Bed Rent	$1,900	$2,100
3 Bed Rent	$2,500	$2,540
4 Bed Rent	$2,800	$2,860

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% of Rental Stock

Studio

5.0%

1 Bedroom

10.0%

2 Bedrooms

34.7%

3 Bedrooms

41.8%

4 Bedrooms

7.3%

5+ Bedrooms

1.1%

Property Listings — Lewes, DE

As of May '26, Realtor.com reports that the median days on market for a home in Lewes, DE is 53. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$675,000	8.0%
Listing Count	495	-4.0%
Listings as % of Homes	2.1%	-4.0%
Days on Market	53	8.0%

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Demographics — Lewes, DE

As of the latest ACS Survey released in 2023, Lewes, DE has a population of 29,600, which has increased by 18.3% over the past 5 years. Lewes, DE is a less popular place for families, as children make up 11.3% of the population. The area has a highly educated workforce, with 49.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	29,600	18.3%
% Under 18	11.3%	-9.6%
% Seniors	40.8%	5.4%
% WFH	19.6%	94.1%
% w/ College Degree	49.2%	22.7%

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As of the latest ACS Survey released in 2023, Lewes, DE is a predominantly white area, with 87.6% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Lewes, DE is hispanic, making up 4.2% of the population. Foreign-born residents account for 6.2% of the population in Lewes, DE, and this percentage has increased by 44.2% 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	87.6%	-0.5%
% Black	2.3%	-52.1%
% Hispanic	4.2%	10.5%
% Asian	2.0%	42.9%
% Foreign Born	6.2%	44.2%

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Mortgage and Risk — Lewes, DE

According to HUD data as of 2023, there were 1566 mortgage originations in Lewes, DE, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Lewes, DE. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,566
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	2.0%
% Second Loans	19.0%
% Cash Out Refinance	5.0%

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Rentals and Section 8 — Lewes, DE

As of 2024, the percent of homes in Lewes, DE under the Section 8 program is 5.9%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lewes, DE, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	150
Total Units Section 8	143
% Rentals under Section 8	5.9%
% Occupied Section 8	80.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$280	$1,650	$1,370
2 Bedroom	-$100	$1,900	$1,800
3 Bedroom	-$230	$2,500	$2,270
4 Bedroom	$30	$2,800	$2,830

Lewes, DE—19958

Key Metrics at a Glance

Home Price Trends — Lewes, DE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lewes, DE

% of Rental Stock

Property Listings — Lewes, DE

Demographics — Lewes, DE

Race and Ethnicity

Mortgage and Risk — Lewes, DE

Mortgages

Rentals and Section 8 — Lewes, DE

Section 8 Market Size

Section 8 Opportunity

Affordability — Lewes, DE

Home Price to Income Ratio

Lewes, DE — ZIP Code Boundary Map

Nearby ZIP Codes

Rehoboth Beach, DE

Harbeson, DE

Milton, DE

Dagsboro, DE

Ocean View, DE

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.5
Median Home Price	$590,000
Median Household Income	$91,400

Lewes, DE—19958

Key Metrics at a Glance

Home Price Trends — Lewes, DE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lewes, DE

% of Rental Stock

Property Listings — Lewes, DE

Demographics — Lewes, DE

Race and Ethnicity

Mortgage and Risk — Lewes, DE

Mortgages

Rentals and Section 8 — Lewes, DE

Section 8 Market Size

Section 8 Opportunity

Affordability — Lewes, DE

Home Price to Income Ratio

Lewes, DE — ZIP Code Boundary Map

Nearby ZIP Codes

Rehoboth Beach, DE

Harbeson, DE

Milton, DE

Dagsboro, DE

Ocean View, DE

Frequently Asked Questions

What is the average home price in Lewes, DE 19958?

How have home prices in Lewes, DE 19958 changed over the past year?

What is the home price projection for Lewes, DE 19958?

What are the demographics of Lewes, DE 19958?

How long does it take homes to sell in Lewes, DE 19958?

What is the average rent price in Lewes, DE 19958?