Rehoboth Beach, DE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rehoboth 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

Rehoboth Beach Housing Market Information

With a population of 1,458, 619 total housing units (homes and apartments), and a median house value of $939,767, Rehoboth Beach house prices are not only among the most expensive in Delaware, Rehoboth 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 Rehoboth Beach, accounting for 57.23% of the city's housing units. Other types of housing that are prevalent in Rehoboth Beach include large apartment complexes or high rise apartments ( 26.04%), duplexes, homes converted to apartments or other small apartment buildings ( 10.03%), and a few row houses and other attached homes ( 5.43%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rehoboth Beach. Owner-occupied housing accounts for 82.55% of Rehoboth Beach's homes, and 48.26% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rehoboth 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 Rehoboth Beach built between 1940-1969 ( 29.15%). A lesser amount of the housing stock also hails from before 1939 ( 13.96%). There's also some housing in Rehoboth Beach built between 2000 and later ( 11.55%).

A decent proportion of the Rehoboth Beach housing stock is seasonally occupied. That is, homes and condos in Rehoboth 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 Rehoboth Beach housing market speaks to its popularity as a vacation location of choice.

Rehoboth Beach Home Appreciation Rates

In the last 10 years, Rehoboth Beach has experienced some of the highest home appreciation rates of any community in the nation. Rehoboth Beach real estate appreciated 20.06% over the last ten years, which is an average annual home appreciation rate of 1.84%, putting Rehoboth Beach in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rehoboth Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Rehoboth Beach's appreciation rate, at 5.41%, has been at or slightly above the national average. In the latest quarter, Rehoboth Beach's appreciation rate has been -0.31%, which annualizes to a rate of -1.24%.

Relative to Delaware, our data show that Rehoboth Beach's latest annual appreciation rate is higher than 70% of the other cities and towns in Delaware.

Average Home Values

 

Median Home Value:
$939,767

Rehoboth Beach, DE HOME PRICES

Value Range
> $1,194,000 33.6
$896,001 - $1,194,000 21.9
$597,001 - $896,000 23.1
$478,001 - $597,000 7.7
$358,001 - $478,000 3.3
$239,001 - $358,000 5.2
$119,001 - $239,000 3.3
$60,001 - $119,000 0.9
$0 - $60,000 1.1

Very High for DE
Very High for Nation

Value Relative to Nation Value Relative to State
1.23637642095394 2.27272727272727

Number Of Homes And Apartments:
619

Rehoboth 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
135.41% 5.09% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,406 / per month

Homeownership Rate

Homeownership
Owners 82.55
Renters 17.45
Vacant 81.13

Housing Market Details

 

Age of Homes

AGE OF Rehoboth Beach HOMES
2000 or Newer 11.6
1970 - 1999 45.3
1940 - 1969 29.1
1939 or Older 14.0

Types of Homes

TYPE OF Rehoboth Beach HOMES
Single-Family 57.2
Townhomes 5.4
Small Apt. Buildings 10.0
Apt. Complexes 26.0
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Rehoboth Beach HOMES
No Bedroom 4.97
1 Bedroom 7.32
2 Bedrooms 25.12
3 Bedrooms 26.25
4 Bedrooms 22.01
5 or more bedrooms 14.33

Popular Neighborhoods in Rehoboth Beach

Zip Codes in Rehoboth Beach, DE