Frederica appreciation rates and housing market information

Frederica housing market information

With 611 people, 266 houses or apartments, and a median cost of homes of $160,800, Frederica real estate values are some of the lowest in Delaware, although compared to real estate around the nation, Frederica homes are still considered rather expensive.

single-family detached homes are the single most common housing type in Frederica, accounting for 73.68% of the town's housing units. Other types of housing that are prevalent in Frederica include mobile homes or trailers (13.91%), duplexes, homes converted to apartments, or other small apartment buildings (9.77%), and a few row houses and other attached homes (2.63%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Frederica. Owner-occupied housing accounts for 66.91% of Frederica's homes, and 59.02% have either three or four bedrooms, which is average sized relative to America.

The housing in Frederica was primarily built before 1939 (53.76%), making the housing stock in Frederica some of the older overall in America, although there is a range of ages of homes in Frederica. The next most important Frederica housing age is 1940-1969 (23.31%), followed by 1970-1994 (18.04%). There's also some housing in Frederica built between 1995 and later (4.89%).

Frederica home appreciation rates

Appreciation rates for homes in Frederica have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 120.18%, which ranks in the top 20% nationwide. This equates to an annual average Frederica house appreciation rate of 12.01%.

NeighborhoodScout's data show that during the latest twelve months, Frederica home appreciation rates, at 3.44%, have been at or slightly above the national average. In the latest quarter, Frederica's appreciation rate has been 0.01%, which annualizes to a rate of 0.04%.

Relative to Delaware, our data show that Frederica's latest annual appreciation rate is higher than 84% of the other cities and towns in Delaware.