Ellendale, DE—19941
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ellendale, DE
As of Oct '25, the median home price in Ellendale, DE is $341,000, with a year-over-year change of -0.2%. This indicates that home prices in Ellendale, 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 | $341,000 | -0.2% |
| Single Family | $341,000 | -0.6% |
| 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 | $355,000 | 1.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ellendale, DE
As of July '25, Rentcast reports the average rent in Ellendale, DE is $2,230, with a year-over-year rent change of 35.2%. Per bedroom, the median rent as of July '25 in Ellendale, DE is 3-bedrooms: $2,230. The most common rental property sizes in Ellendale, DE are 3-bedroom and 2-bedroom, accounting for 61.5% and 19.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,200 | $2,230 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ellendale, DE
As of Oct '25, Realtor.com reports that the median days on market for a home in Ellendale, DE is 93. This is a increase of 72.0% 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 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 | $442,000 | -5.0% |
Listing Count | 35 | 57.0% |
| Listings as % of Homes | 1.3% | 57.0% |
Days on Market | 93 | 72.0% |
Demographics — Ellendale, DE
As of the latest ACS Survey released in 2023, Ellendale, DE has a population of 3,120, which has increased by 9.4% over the past 5 years. Ellendale, DE is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,120 | 9.4% |
% Under 18 | 28.6% | -9.2% |
% Seniors | 12.0% | -17.8% |
% WFH | 6.4% | 190.9% |
% w/ College Degree | 17.0% | 129.7% |
As of the latest ACS Survey released in 2023, Ellendale, DE is a predominantly white area, with 51.5% of the population identifying as white. The white population has grown by 5.1% in the last 5 years. The second most common race or ethnicity in Ellendale, DE is black, making up 26.4% of the population. Foreign-born residents account for 6.5% of the population in Ellendale, DE, and this percentage has increased by 71.1% 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 | 51.5% | 5.1% |
% Black | 26.4% | -27.9% |
% Hispanic | 19.4% | 64.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 6.5% | 71.1% |
Mortgage and Risk — Ellendale, DE
According to HUD data as of 2023, there were 88 mortgage originations in Ellendale, DE, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Ellendale, DE. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 88 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Ellendale, DE
Ellendale, 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 | $1,000 |
| 2 Bedroom | N/A | N/A | $1,310 |
| 3 Bedroom | -$550 | $2,200 | $1,650 |
| 4 Bedroom | N/A | N/A | $2,060 |
Affordability — Ellendale, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $341,000 |
| Median Household Income | $66,600 |