Hockessin, 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

Hockessin, DE Housing Market Trends

With a population of 13,883, 4,774 total housing units (homes and apartments), and a median house value of $510,697, Hockessin house prices are not only among the most expensive in Delaware, Hockessin real estate also is some of the most expensive in all of America.

Hockessin is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Hockessin 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 Hockessin. Owner-occupied housing accounts for 84.51% of Hockessin's homes, and 73.75% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hockessin 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 Hockessin built between 1940-1969 ( 20.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.13%). There's also some housing in Hockessin built before 1939 ( 3.52%).

Hockessin Home Appreciation Rates

Hockessin's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hockessin during the period has been just 2.44%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Hockessin's appreciation rate, at 8.41%, has been at or slightly above the national average. In the latest quarter, Hockessin's appreciation rate has been 3.46%, which annualizes to a rate of 14.59%.

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

Average Home Values

 

Median Home Value:
$510,697

Hockessin, DE HOME PRICES

> $1,177,000
0.3%
0.3%
$883,001 - $1,177,000
4.0%
4.0%
$589,001 - $883,000
18.2%
18.2%
$471,001 - $589,000
37.5%
37.5%
$353,001 - $471,000
27.0%
27.0%
$235,001 - $353,000
10.5%
10.5%
$118,001 - $235,000
1.8%
1.8%
$59,001 - $118,000
0.4%
0.4%
$0 - $59,000
0.3%
0.3%
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:
4,774

Hockessin 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
79.44% 2.76%
3
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,287 / per month

Homeownership Rate

Owners
84.5%
84.5%
Renters
15.5%
15.5%
Vacant
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.1%
9.1%
1970 - 1999
66.4%
66.4%
1940 - 1969
20.9%
20.9%
1939 or Older
3.5%
3.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
86.6%
86.6%
Townhomes
4.6%
4.6%
Small Apt. Buildings
0.5%
0.5%
Apt. Complexes
7.9%
7.9%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
3.5%
3.5%
2 Bedrooms
7.2%
7.2%
3 Bedrooms
20.7%
20.7%
4 Bedrooms
53.0%
53.0%
5 or more bedrooms
14.4%
14.4%
0.0% 100.0%
% OF HOMES