Rehoboth Beach appreciation rates and housing market information

Rehoboth Beach housing market information

With a population of 9,869, 6,254 total housing units (homes and apartments), and a median house value of $672,400, 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 57.55% of the town's housing units. Other types of housing that are prevalent in Rehoboth Beach include large apartment complexes or high rise apartments (22.15%), duplexes, homes converted to apartments, or other small apartment buildings (9.64%), row houses and other attached homes (8.59%), and a few mobile homes or trailers (2.00%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Rehoboth Beach. Owner-occupied housing accounts for 19.84% of Rehoboth Beach's homes, and 58.54% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Rehoboth Beach's housing was primarily built during this period, from the '40s through the '60s. A full 42.52% of the town's housing hails from this era. Other housing ages represented in Rehoboth Beach include homes built between 1970-1994 (39.85%), and housing constructed from 1939 and earlier (9.27%). There's also some housing in Rehoboth Beach built between 1995 and later (8.36%).

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

In the last 10 years, Rehoboth Beach has experienced some of the highest home appreciation rates of any community in the nation. Rehoboth Beach real estate appreciated 171.14% over the last ten years, which is an average annual home appreciation rate of 17.11%, putting Rehoboth Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rehoboth Beach 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, Rehoboth Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Rehoboth Beach's appreciation rate has been -0.95%, 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 -0.83%, which equates to an annual appreciation rate of -3.32%.

Relative to Delaware, our data show that Rehoboth Beach's latest annual appreciation rate is higher than 33% of the other cities and towns in Delaware.