Hockessin, DE—19707
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hockessin, DE
As of Oct '25, the median home price in Hockessin, DE is $583,000, with a year-over-year change of 5.0%. This indicates that home prices in Hockessin, DE are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $583,000 | 5.0% |
| Single Family | $592,000 | 5.0% |
| Condos | $345,000 | 6.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $351,000 | 5.4% |
3 Bed | $460,000 | 5.0% |
4 Bed | $627,000 | 4.8% |
| 5 Bed | $749,000 | 3.6% |
% of Housing Stock
Rental Trends — Hockessin, DE
As of July '25, Rentcast reports the average rent in Hockessin, DE is $3,020, with a year-over-year rent change of 4.5%. Per bedroom, the median rent as of July '25 in Hockessin, DE is 3-bedrooms: $2,780, 4-bedrooms: $3,340. The most common rental property sizes in Hockessin, DE are 3-bedroom and 1-bedroom, accounting for 44.6% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $3,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,780 | $2,780 |
| 4 Bed Rent | $3,200 | $3,340 |
% of Rental Stock
Property Listings — Hockessin, DE
As of Oct '25, Realtor.com reports that the median days on market for a home in Hockessin, DE is 37. This is a decrease of -46.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $642,000 | -10.0% |
Listing Count | 42 | 6.0% |
| Listings as % of Homes | 0.5% | 6.0% |
Days on Market | 37 | -46.0% |
Demographics — Hockessin, DE
As of the latest ACS Survey released in 2023, Hockessin, DE has a population of 17,400, which has increased by 7.8% over the past 5 years. Hockessin, DE is a popular place for families, as children make up 25.3% of the population. The area has a highly educated workforce, with 65.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,400 | 7.8% |
% Under 18 | 25.3% | 19.9% |
% Seniors | 21.5% | -3.2% |
% WFH | 24.3% | 252.2% |
% w/ College Degree | 65.0% | -2.8% |
As of the latest ACS Survey released in 2023, Hockessin, DE is a predominantly white area, with 78.2% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Hockessin, DE is asian, making up 10.3% of the population. Foreign-born residents account for 10.0% of the population in Hockessin, DE, and this percentage has decreased by 34.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.2% | -3.6% |
% Black | 1.9% | -42.4% |
% Hispanic | 3.8% | 171.4% |
% Asian | 10.3% | -17.6% |
% Foreign Born | 10.0% | -34.2% |
Mortgage and Risk — Hockessin, DE
According to HUD data as of 2023, there were 358 mortgage originations in Hockessin, DE, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Hockessin, DE. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 358 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Hockessin, DE
Hockessin, DE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,900 |
| 2 Bedroom | N/A | N/A | $2,280 |
| 3 Bedroom | -$20 | $2,780 | $2,760 |
| 4 Bedroom | -$20 | $3,200 | $3,180 |
Affordability — Hockessin, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $583,000 |
| Median Household Income | $172,000 |