Rehoboth Beach, 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

Rehoboth Beach, DE Housing Market Trends

With a population of 1,546, 763 total housing units (homes and apartments), and a median house value of $1,255,513, Rehoboth Beach house prices are not only among the most expensive in Delaware, Rehoboth Beach real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Rehoboth Beach, accounting for 62.45% of the city's housing units. Other types of housing that are prevalent in Rehoboth Beach include large apartment complexes or high rise apartments ( 25.02%), duplexes, homes converted to apartments or other small apartment buildings ( 7.72%), and a few row houses and other attached homes ( 4.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rehoboth Beach. Owner-occupied housing accounts for 81.52% of Rehoboth Beach's homes, and 50.86% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rehoboth Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rehoboth Beach built between 1940-1969 ( 25.17%). A lesser amount of the housing stock also hails from before 1939 ( 19.70%). There's also some housing in Rehoboth Beach built between 2000 and later ( 18.52%).

A decent proportion of the Rehoboth Beach housing stock is seasonally occupied. That is, homes and condos in Rehoboth Beach are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Rehoboth Beach housing market speaks to its popularity as a vacation location of choice.

Rehoboth Beach Home Appreciation Rates

Appreciation rates for homes in Rehoboth Beach have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 56.71%, which ranks in the top 30% nationwide. This equates to an annual average Rehoboth Beach house appreciation rate of 4.59%.

Over the last year, Rehoboth Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Rehoboth Beach's appreciation rate has been 5.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rehoboth Beach were at 4.06%, which equates to an annual appreciation rate of 17.25%.

Importantly, this makes Rehoboth Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Delaware, our data show that Rehoboth Beach's latest annual appreciation rate is lower than 90% of the other cities and towns in Delaware.

Average Home Values

 

Median Home Value:
$1,255,513

Rehoboth Beach, DE HOME PRICES

> $1,213,000
50.7%
50.7%
$910,001 - $1,213,000
14.3%
14.3%
$606,001 - $910,000
15.5%
15.5%
$485,001 - $606,000
6.9%
6.9%
$364,001 - $485,000
4.0%
4.0%
$243,001 - $364,000
4.6%
4.6%
$121,001 - $243,000
2.9%
2.9%
$61,001 - $121,000
0.3%
0.3%
$0 - $61,000
0.8%
0.8%
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:
763

Rehoboth Beach 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
174.24% 4.80%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,675 / per month

Homeownership Rate

Owners
81.5%
81.5%
Renters
18.5%
18.5%
Vacant
76.9%
76.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
18.5%
18.5%
1970 - 1999
36.6%
36.6%
1940 - 1969
25.2%
25.2%
1939 or Older
19.7%
19.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
62.5%
62.5%
Townhomes
4.1%
4.1%
Small Apt. Buildings
7.7%
7.7%
Apt. Complexes
25.0%
25.0%
Mobile Homes
0.6%
0.6%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
7.5%
7.5%
1 Bedroom
4.3%
4.3%
2 Bedrooms
19.8%
19.8%
3 Bedrooms
27.9%
27.9%
4 Bedrooms
22.9%
22.9%
5 or more bedrooms
17.5%
17.5%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Rehoboth Beach

Zip Codes in Rehoboth Beach, DE