Ocean View, DE—19970
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ocean View, DE
As of Oct '25, the median home price in Ocean View, DE is $534,000, with a year-over-year change of -2.2%. This indicates that home prices in Ocean View, 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 | $534,000 | -2.3% |
| Single Family | $562,000 | -1.9% |
| Condos | $441,000 | -5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $392,000 | -4.4% |
3 Bed | $503,000 | -1.9% |
4 Bed | $647,000 | 0.2% |
| 5 Bed | $746,000 | -0.8% |
% of Housing Stock
Rental Trends — Ocean View, DE
As of July '25, Rentcast reports the average rent in Ocean View, DE is $2,610, with a year-over-year rent change of -18.9%. Per bedroom, the median rent as of July '25 in Ocean View, DE is 2-bedrooms: $1,650, 3-bedrooms: $2,480, 4-bedrooms: $2,900. The most common rental property sizes in Ocean View, DE are 3-bedroom and 4-bedroom, accounting for 53.6% and 38.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,610 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,700 | $1,650 |
| 3 Bed Rent | $2,300 | $2,480 |
| 4 Bed Rent | $2,600 | $2,900 |
% of Rental Stock
Property Listings — Ocean View, DE
As of Oct '25, Realtor.com reports that the median days on market for a home in Ocean View, DE is 91. This is a increase of 37.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $541,000 | 2.0% |
Listing Count | 148 | 23.0% |
| Listings as % of Homes | 1.5% | 23.0% |
Days on Market | 91 | 37.0% |
Demographics — Ocean View, DE
As of the latest ACS Survey released in 2023, Ocean View, DE has a population of 8,260, which has remained stable by -1.0% over the past 5 years. Ocean View, DE is a less popular place for families, as children make up 13.4% of the population. The area has a highly educated workforce, with 46.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,260 | -1.0% |
% Under 18 | 13.4% | 11.7% |
% Seniors | 44.9% | 23.7% |
% WFH | 22.9% | 102.7% |
% w/ College Degree | 46.9% | 20.9% |
As of the latest ACS Survey released in 2023, Ocean View, DE is a predominantly white area, with 92.9% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Ocean View, DE is hispanic, making up 2.8% of the population. Foreign-born residents account for 4.9% of the population in Ocean View, DE, and this percentage has increased by 4.3% 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 | 92.9% | 0.2% |
% Black | 1.0% | -23.1% |
% Hispanic | 2.8% | -26.3% |
% Asian | 1.4% | 75.0% |
% Foreign Born | 4.9% | 4.3% |
Mortgage and Risk — Ocean View, DE
According to HUD data as of 2023, there were 548 mortgage originations in Ocean View, DE, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Ocean View, DE. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 548 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 3.0% |
% Second Loans | 45.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Ocean View, DE
Ocean View, DE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,270 |
| 2 Bedroom | -$40 | $1,700 | $1,660 |
| 3 Bedroom | -$210 | $2,300 | $2,090 |
| 4 Bedroom | $10 | $2,600 | $2,610 |
Affordability — Ocean View, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $534,000 |
| Median Household Income | $90,800 |