Hockessin, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hockessin Housing Market Information

With a population of 13,883, 4,798 total housing units (homes and apartments), and a median house value of $486,014, 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 84.68% of Hockessin's homes, and 70.44% 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 ( 17.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.67%). There's also some housing in Hockessin built before 1939 ( 3.66%).

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 1.37%, which is lower than 70% of US communities.

Over the last year, Hockessin appreciation rates have trailed the rest of the nation. In the last twelve months, Hockessin's appreciation rate has been 3.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hockessin were at 1.34%, which equates to an annual appreciation rate of 5.45%.

Relative to Delaware, our data show that Hockessin's latest annual appreciation rate is lower than 60% of the other cities and towns in Delaware.

Average Home Values

 
info

Median Home Value:
$486,014

Hockessin, DE HOME PRICES

> $1,117,000
0.4%
0.4%
$838,001 - $1,117,000
4.5%
4.5%
$558,001 - $838,000
19.8%
19.8%
$447,001 - $558,000
34.7%
34.7%
$335,001 - $447,000
24.7%
24.7%
$224,001 - $335,000
12.8%
12.8%
$112,001 - $224,000
2.1%
2.1%
$56,001 - $112,000
0.3%
0.3%
$0 - $56,000
0.7%
0.7%
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:
4,798

Hockessin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
DE*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
66.94% 2.50%
4
5
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$2,243 / per month

Homeownership Rate

Owners
84.7%
84.7%
Renters
15.3%
15.3%
Vacant
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
10.7%
10.7%
1970 - 1999
67.7%
67.7%
1940 - 1969
17.9%
17.9%
1939 or Older
3.7%
3.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
86.4%
86.4%
Townhomes
4.7%
4.7%
Small Apt. Buildings
0.5%
0.5%
Apt. Complexes
8.1%
8.1%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.4%
1.4%
1 Bedroom
3.3%
3.3%
2 Bedrooms
7.0%
7.0%
3 Bedrooms
19.0%
19.0%
4 Bedrooms
51.4%
51.4%
5 or more bedrooms
17.7%
17.7%
0.0% 100.0%
% OF HOMES