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 1,245 people, 466 houses or apartments, and a median cost of homes of $582,806, 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'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 1.62%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Bethany Beach's appreciation rate, at 5.78%, has been at or slightly above the national average. In the latest quarter, Bethany Beach's appreciation rate has been 1.67%, which annualizes to a rate of 6.87%.
Relative to Delaware, our data show that Bethany Beach's latest annual appreciation rate is lower than 60% of the other cities and towns in Delaware.
Very High for Nation
Very High for DE