Lewes, DE—19958
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lewes, DE
As of Oct '25, the median home price in Lewes, DE is $590,000, with a year-over-year change of -1.4%. This indicates that home prices in Lewes, DE are decreasing. According to Zillow, the 1-year price projection is 0.9%, 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 | -1.4% |
| Single Family | $610,000 | -1.6% |
| Condos | $424,000 | -7.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $372,000 | -3.4% |
3 Bed | $530,000 | 0.0% |
4 Bed | $727,000 | -1.8% |
| 5 Bed | $983,000 | -2.5% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Lewes, DE
As of Oct '25, Realtor.com reports that the median days on market for a home in Lewes, DE is 55. This is a increase of 10.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $639,000 | 4.0% |
Listing Count | 467 | -9.0% |
| Listings as % of Homes | 2.1% | -9.0% |
Days on Market | 55 | 10.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Lewes, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $590,000 |
| Median Household Income | $91,400 |