Bridgeville, DE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bridgeville Neighborhoods Since 2000




Bridgeville, 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

Bridgeville Housing Market Information

With 2,256 people, 1,005 houses or apartments, and a median cost of homes of $219,081, Bridgeville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bridgeville, accounting for 66.13% of the town's housing units. Other types of housing that are prevalent in Bridgeville include duplexes, homes converted to apartments or other small apartment buildings ( 11.26%), row houses and other attached homes ( 11.26%), and a few large apartment complexes or high rise apartments ( 9.93%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bridgeville. Owner-occupied housing accounts for 72.68% of Bridgeville's homes, and 56.74% have either three or four bedrooms, which is average sized relative to America.

Bridgeville homes and real estate are some of the newest in America. 40.69% of Bridgeville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Bridgeville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 28.46%), and between 1940-1969 ( 17.20%). There's also some housing in Bridgeville built before 1939 ( 13.65%).

Vacant housing appears to be an issue in Bridgeville. Fully 10.90% of the housing stock is classified as vacant. Left unchecked, vacant Bridgeville homes and apartments can be a drag on the real estate market, holding Bridgeville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bridgeville Home Appreciation Rates

Bridgeville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bridgeville during the period has been just -1.10%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Bridgeville's appreciation rate, at 4.62%, has been at or slightly above the national average. In the latest quarter, Bridgeville's appreciation rate has been -0.31%, which annualizes to a rate of -1.24%.

Relative to Delaware, our data show that Bridgeville's latest annual appreciation rate is higher than 50% of the other cities and towns in Delaware.

Average Home Values

 

Median Home Value:
$219,081

Bridgeville, DE HOME PRICES

Value Range
> $1,100,000 0.6
$825,001 - $1,100,000 0.0
$550,001 - $825,000 0.5
$440,001 - $550,000 1.1
$330,001 - $440,000 15.0
$220,001 - $330,000 31.8
$110,001 - $220,000 38.2
$55,001 - $110,000 5.6
$0 - $55,000 7.2

Average for DE
High for Nation

Value Relative to Nation Value Relative to State
27.8624165006446 45.4545454545455

Number Of Homes And Apartments:
1,005

Bridgeville 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
89.40% 3.77% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,110 / per month

Homeownership Rate

Homeownership
Owners 72.68
Renters 27.32
Vacant 10.90

Housing Market Details

 

Age of Homes

AGE OF Bridgeville HOMES
2000 or Newer 40.7
1970 - 1999 28.5
1940 - 1969 17.2
1939 or Older 13.7

Types of Homes

TYPE OF Bridgeville HOMES
Single-Family 66.1
Townhomes 11.3
Small Apt. Buildings 11.3
Apt. Complexes 9.9
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Bridgeville HOMES
No Bedroom 1.24
1 Bedroom 9.75
2 Bedrooms 30.50
3 Bedrooms 45.74
4 Bedrooms 10.99
5 or more bedrooms 1.77

Popular Neighborhoods in Bridgeville

Zip Codes in Bridgeville, DE