Middletown, DE Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Middletown, DE Housing Market Trends

With 22,900 people, 7,709 houses or apartments, and a median cost of homes of $373,669, Middletown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Middletown, accounting for 53.33% of the town's housing units. Other types of housing that are prevalent in Middletown include row houses and other attached homes ( 30.06%), large apartment complexes or high rise apartments ( 11.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.93%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Middletown. Owner-occupied housing accounts for 78.59% of Middletown's homes, and 67.51% have either three or four bedrooms, which is average sized relative to America.

Middletown homes and real estate are some of the newest in America. 68.82% of Middletown's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Middletown real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 21.81%), and between 1940-1969 ( 7.53%). There's also some housing in Middletown built before 1939 ( 1.83%).

Middletown Home Appreciation Rates

Real estate appreciation rates in Middletown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.07% during the period.

NeighborhoodScout's data show that during the latest twelve months, Middletown's appreciation rate, at 9.13%, has been at or slightly above the national average. In the latest quarter, Middletown's appreciation rate has been 3.47%, which annualizes to a rate of 14.63%.

Relative to Delaware, our data show that Middletown's latest annual appreciation rate is higher than 80% of the other cities and towns in Delaware.

Average Home Values

 

Median Home Value:
$373,669

Middletown, DE HOME PRICES

> $1,231,000
0.6%
0.6%
$923,001 - $1,231,000
0.1%
0.1%
$615,001 - $923,000
3.6%
3.6%
$493,001 - $615,000
16.0%
16.0%
$369,001 - $493,000
34.7%
34.7%
$246,001 - $369,000
28.3%
28.3%
$123,001 - $246,000
13.3%
13.3%
$62,001 - $123,000
0.9%
0.9%
$0 - $62,000
2.4%
2.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for DE

Value Relative To Nation

Number Of Homes And Apartments:
7,709

Middletown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
DE*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
88.86% 3.00%
6
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,383 / per month

Homeownership Rate

Owners
78.6%
78.6%
Renters
21.4%
21.4%
Vacant
7.0%
7.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
68.8%
68.8%
1970 - 1999
21.8%
21.8%
1940 - 1969
7.5%
7.5%
1939 or Older
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
53.3%
53.3%
Townhomes
30.1%
30.1%
Small Apt. Buildings
2.9%
2.9%
Apt. Complexes
11.6%
11.6%
Mobile Homes
2.1%
2.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
1.2%
1.2%
2 Bedrooms
25.6%
25.6%
3 Bedrooms
37.0%
37.0%
4 Bedrooms
30.5%
30.5%
5 or more bedrooms
5.7%
5.7%
0.0% 100.0%
% OF HOMES