Bethany 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

Bethany Beach, DE Housing Market Trends

With a population of 1,245, 466 total housing units (homes and apartments), and a median house value of $605,237, 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.

Bethany Beach is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Bethany Beach than is found in 98% of the communities in America.

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 99.36% of Bethany Beach's homes, and 79.21% 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 ( 20.72%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.85%).

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.

Bethany Beach Home Appreciation Rates

Bethany Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bethany Beach during the period has been just 2.31%, which is lower than 80% of US communities.

Over the last year, Bethany Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Bethany Beach's appreciation rate has been 8.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bethany Beach were at 4.04%, which equates to an annual appreciation rate of 17.19%.

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 lower than 50% of the other cities and towns in Delaware.

Average Home Values

 

Median Home Value:
$605,237

Bethany Beach, DE HOME PRICES

> $1,196,000
4.0%
4.0%
$897,001 - $1,196,000
11.1%
11.1%
$598,001 - $897,000
34.6%
34.6%
$478,001 - $598,000
28.1%
28.1%
$359,001 - $478,000
15.2%
15.2%
$240,001 - $359,000
4.0%
4.0%
$120,001 - $240,000
1.5%
1.5%
$60,001 - $120,000
0.0%
0.0%
$0 - $60,000
1.4%
1.4%
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:
466

Bethany 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
134.52% 4.04%
9
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
/ per month

Homeownership Rate

Owners
99.4%
99.4%
Renters
0.6%
0.6%
Vacant
83.0%
83.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.7%
20.7%
1970 - 1999
67.6%
67.6%
1940 - 1969
10.9%
10.9%
1939 or Older
0.9%
0.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
72.5%
72.5%
Townhomes
22.8%
22.8%
Small Apt. Buildings
2.8%
2.8%
Apt. Complexes
1.5%
1.5%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
0.8%
0.8%
2 Bedrooms
9.3%
9.3%
3 Bedrooms
37.8%
37.8%
4 Bedrooms
41.4%
41.4%
5 or more bedrooms
10.3%
10.3%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Bethany Beach

Zip Codes in Bethany Beach, DE