Seaford, DE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Seaford, 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

Seaford Housing Market Information

With a population of 7,586, 2,736 total housing units (homes and apartments), and a median house value of $200,165, Seaford real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Seaford, accounting for 53.06% of the city's housing units. Other types of housing that are prevalent in Seaford include large apartment complexes or high rise apartments ( 27.55%), duplexes, homes converted to apartments or other small apartment buildings ( 13.76%), and a few row houses and other attached homes ( 4.66%).

People in Seaford primarily live in small (one, two or no bedroom) single-family detached homes. Seaford has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Seaford's housing was primarily built during this period, from the '40s through the '60s. A full 37.00% of the city's housing hails from this era. Other housing ages represented in Seaford include homes built between 1970-1999 ( 36.74%) and housing constructed between 2000 and later ( 19.20%). There's also some housing in Seaford built before 1939 ( 7.06%).

Vacant housing appears to be an issue in Seaford. Fully 11.43% of the housing stock is classified as vacant. Left unchecked, vacant Seaford homes and apartments can be a drag on the real estate market, holding Seaford 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.

Seaford Home Appreciation Rates

Seaford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Seaford during the period has been just -1.96%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Seaford's appreciation rate, at 5.04%, has been at or slightly above the national average. In the latest quarter, Seaford's appreciation rate has been -0.31%, which annualizes to a rate of -1.24%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Seaford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Seaford - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Seaford real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$200,165

Seaford, DE HOME PRICES

Value Range
> $1,094,000 0.2
$821,001 - $1,094,000 0.0
$547,001 - $821,000 0.3
$438,001 - $547,000 1.9
$328,001 - $438,000 7.0
$219,001 - $328,000 31.9
$110,001 - $219,000 49.0
$55,001 - $110,000 4.0
$0 - $55,000 5.7

Low for DE
High for Nation

Value Relative to Nation Value Relative to State
32.1985233798195 70.4545454545455

Number Of Homes And Apartments:
2,736

Seaford 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
43.22% 2.10% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$911 / per month

Homeownership Rate

Homeownership
Owners 44.19
Renters 55.81
Vacant 11.43

Housing Market Details

 

Age of Homes

AGE OF Seaford HOMES
2000 or Newer 19.2
1970 - 1999 36.7
1940 - 1969 37.0
1939 or Older 7.1

Types of Homes

TYPE OF Seaford HOMES
Single-Family 53.1
Townhomes 4.7
Small Apt. Buildings 13.8
Apt. Complexes 27.5
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Seaford HOMES
No Bedroom 1.29
1 Bedroom 17.25
2 Bedrooms 36.58
3 Bedrooms 30.17
4 Bedrooms 13.79
5 or more bedrooms 0.91