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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,030, 522 total housing units (homes and apartments), and a median house value of $950,703, Bethany Beach house prices are not only among the most expensive in Delaware, Bethany 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 Bethany Beach, accounting for 70.59% of the town's housing units. Other types of housing that are prevalent in Bethany Beach include row houses and other attached homes ( 26.40%), duplexes, homes converted to apartments or other small apartment buildings ( 1.96%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bethany Beach. Owner-occupied housing accounts for 95.21% of Bethany Beach's homes, and 72.06% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Bethany 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 Bethany Beach built between 2000 and later ( 27.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.39%).
A decent proportion of the Bethany Beach housing stock is seasonally occupied. That is, homes and condos in Bethany 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 Bethany Beach housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Bethany 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 98.69%, which ranks in the top 30% nationwide. This equates to an annual average Bethany Beach house appreciation rate of 7.11%.
Appreciation rates are so strong in Bethany Beach that despite a nationwide downturn in the housing market, Bethany Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bethany Beach appreciation rates continue to be some of the highest in America, at 9.16%, which is higher than appreciation rates in 92.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bethany Beach. Bethany Beach appreciation rates in the latest quarter were at 6.79%, which equates to an annual appreciation rate of 30.04%.
Importantly, this makes Bethany Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Delaware, our data show that Bethany Beach's latest annual appreciation rate is higher than 60% of the other cities and towns in Delaware.
$950,703
for Delaware
for nation
522
$2,012 / per month