Ocean View, DE 19970 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ocean View, DE—19970

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$543,000

0.6% YoY Growth

Household Income

$90,800

29.1% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

-0.5%

Median Rent

$2,350

18.9% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,700

N/A

3-Bed Rent

$2,300

30.5% YoY Growth

Home Price Trends — Ocean View, DE

As of May '26, the median home price in Ocean View, DE is $543,000, with a year-over-year change of -0.6%. This indicates that home prices in Ocean View, DE are flat. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$543,000	-0.6%
Single Family	$565,000	0.0%
Condos	$472,000	-3.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

1.7%

2 Bedrooms

6.3%

3 Bedrooms

53.6%

4 Bedrooms

38.5%

Property Listings — Ocean View, DE

As of May '26, Realtor.com reports that the median days on market for a home in Ocean View, DE is 57. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$550,000	-3.0%
Listing Count	182	9.0%
Listings as % of Homes	1.5%	9.0%
Days on Market	57	-1.0%

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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%

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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%

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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%

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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

Ocean View, DE—19970

Key Metrics at a Glance

Home Price Trends — Ocean View, DE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ocean View, DE

% of Rental Stock

Property Listings — Ocean View, DE

Demographics — Ocean View, DE

Race and Ethnicity

Mortgage and Risk — Ocean View, DE

Mortgages

Rentals and Section 8 — Ocean View, DE

Section 8 Market Size

Section 8 Opportunity

Affordability — Ocean View, DE

Home Price to Income Ratio

Ocean View, DE — ZIP Code Boundary Map

Nearby ZIP Codes

Millville, DE

Bethany Beach, DE

The Shoals, DE

Dagsboro, DE

Selbyville, DE

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.1
Median Home Price	$543,000
Median Household Income	$90,800

Ocean View, DE—19970

Key Metrics at a Glance

Home Price Trends — Ocean View, DE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ocean View, DE

% of Rental Stock

Property Listings — Ocean View, DE

Demographics — Ocean View, DE

Race and Ethnicity

Mortgage and Risk — Ocean View, DE

Mortgages

Rentals and Section 8 — Ocean View, DE

Section 8 Market Size

Section 8 Opportunity

Affordability — Ocean View, DE

Home Price to Income Ratio

Ocean View, DE — ZIP Code Boundary Map

Nearby ZIP Codes

Millville, DE

Bethany Beach, DE

The Shoals, DE

Dagsboro, DE

Selbyville, DE

Frequently Asked Questions

What is the average home price in Ocean View, DE 19970?

How have home prices in Ocean View, DE 19970 changed over the past year?

What is the home price projection for Ocean View, DE 19970?

What are the demographics of Ocean View, DE 19970?

How long does it take homes to sell in Ocean View, DE 19970?

What is the average rent price in Ocean View, DE 19970?