New Castle County
Delaware · Pop. 570,719
Ranked #80 of 200 counties
46Moderate
Median Home Price
🏠$320K
4.0% YoY
Median Rent
🔑$1,500
Median Income
💰$70K
Rent Burden
📊28.5%
% of income to rent
Housing Shortage
🏗️4,000
estimated unit deficit
Building Permits (2024)
📋2,500
Price-to-Income Ratio
⚖️4.6x
Homeownership Rate
🏡64.0%
How New Castle County Compares
| Metric | New Castle County | Delaware | National |
|---|---|---|---|
| Home Price | $320K | $360K | $410K |
| Rent | $1,500 | $1,358 | $1,500 |
| Income | $70K | $81K | $75K |
| Rent Burden | 28.5% | 31.5% | 30.0% |
| Homeownership | 64.0% | 74.0% | 65.0% |
Key Takeaways
- • Home prices are 22% below the national average.
- • Rent is about average the national average.
- • The county has an estimated housing shortage of 4,000 units.
- • 2,500 building permits were issued in 2024.
- • Year-over-year home prices changed by 4.0%.