Middletown appreciation rates and housing market information

Middletown housing market information

With 6,231 people, 2,357 houses or apartments, and a median cost of homes of $221,000, 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 42.85% of the town's housing units. Other types of housing that are prevalent in Middletown include row houses and other attached homes (20.11%), mobile homes or trailers (18.63%), large apartment complexes or high rise apartments (11.71%), and a few duplexes, homes converted to apartments, or other small apartment buildings (6.70%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Middletown. Owner-occupied housing accounts for 72.46% of Middletown's homes, and 61.98% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Middletown built from 1970-1994, 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 Middletown built from 1995 and later (31.23%). A lesser amount of the housing stock also hails from 1940-1969 (17.44%), and some were built from 1939 and earlier (17.44%).

Middletown home appreciation rates

In the last 10 years, Middletown has experienced some of the highest home appreciation rates of any community in the nation. Middletown real estate appreciated 127.62% over the last ten years, which is an average annual home appreciation rate of 12.76%, putting Middletown in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Middletown definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Middletown appreciation rates have trailed the rest of the nation. In the last twelve months, Middletown's appreciation rate has been 0.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Middletown were at -0.72%, which equates to an annual appreciation rate of -2.88%.

Relative to Delaware, our data show that Middletown's latest annual appreciation rate is higher than 58% of the other cities and towns in Delaware.