Bethany Beach, DE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bethany Beach, DE Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bethany Beach Housing Market Information

With 1,170 people, 465 houses or apartments, and a median cost of homes of $508,214, 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 72.39% of the town's housing units. Other types of housing that are prevalent in Bethany Beach include row houses and other attached homes ( 21.02%), duplexes, homes converted to apartments or other small apartment buildings ( 3.98%), and a few large apartment complexes or high rise apartments ( 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 87.74% of Bethany Beach's homes, and 73.39% 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 ( 19.82%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.87%).

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 -1.28%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Bethany Beach's appreciation rate, at 4.93%, has been at or slightly above the national average. In the latest quarter, Bethany Beach's appreciation rate has been -0.31%, which annualizes to a rate of -1.24%.

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.

Average Home Values

 

Median Home Value:
$508,214

Bethany Beach, DE HOME PRICES

Value Range
> $1,069,000 6.5
$802,001 - $1,069,000 8.5
$534,001 - $802,000 33.3
$428,001 - $534,000 19.7
$321,001 - $428,000 20.8
$214,001 - $321,000 6.2
$107,001 - $214,000 0.3
$53,001 - $107,000 1.2
$0 - $53,000 3.4

Very High for DE
Very High for Nation

Value Relative to Nation Value Relative to State
5.74827141685222 11.3636363636364

Number Of Homes And Apartments:
465

Bethany Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
DE*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
98.34% 4.05% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,440 / per month

Homeownership Rate

Homeownership
Owners 87.74
Renters 12.26
Vacant 83.46

Housing Market Details

 

Age of Homes

AGE OF Bethany Beach HOMES
2000 or Newer 19.8
1970 - 1999 64.5
1940 - 1969 14.9
1939 or Older 0.8

Types of Homes

TYPE OF Bethany Beach HOMES
Single-Family 72.4
Townhomes 21.0
Small Apt. Buildings 4.0
Apt. Complexes 2.0
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Bethany Beach HOMES
No Bedroom 0.32
1 Bedroom 0.39
2 Bedrooms 11.35
3 Bedrooms 38.42
4 Bedrooms 34.97
5 or more bedrooms 14.55

Popular Neighborhoods in Bethany Beach

Zip Codes in Bethany Beach, DE