Selbyville, DE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Selbyville Neighborhoods Since 2000




Selbyville, 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

Selbyville Housing Market Information

With a population of 2,397, 859 total housing units (homes and apartments), and a median house value of $273,130, Selbyville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Selbyville, accounting for 81.53% of the town's housing units. Other types of housing that are prevalent in Selbyville include large apartment complexes or high rise apartments ( 6.91%), duplexes, homes converted to apartments or other small apartment buildings ( 5.47%), and a few row houses and other attached homes ( 3.41%).

The most prevalent building size and type in Selbyville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.47% owning and 38.53% renting.

There is a lot of housing in Selbyville 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 Selbyville built between 2000 and later ( 28.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.94%). There's also some housing in Selbyville built before 1939 ( 17.34%).

Vacant housing appears to be an issue in Selbyville. Fully 11.35% of the housing stock is classified as vacant. Left unchecked, vacant Selbyville homes and apartments can be a drag on the real estate market, holding Selbyville 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.

Selbyville Home Appreciation Rates

Selbyville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Selbyville during the period has been just -1.22%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Selbyville's appreciation rate, at 3.63%, has been at or slightly above the national average. In the latest quarter, Selbyville's appreciation rate has been -0.31%, which annualizes to a rate of -1.24%.

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

Average Home Values

 

Median Home Value:
$273,130

Selbyville, DE HOME PRICES

Value Range
> $1,098,000 1.8
$823,001 - $1,098,000 1.5
$549,001 - $823,000 3.8
$440,001 - $549,000 6.4
$329,001 - $440,000 22.5
$219,001 - $329,000 25.4
$110,001 - $219,000 23.4
$55,001 - $110,000 4.3
$0 - $55,000 10.8

High for DE
Very High for Nation

Value Relative to Nation Value Relative to State
19.3659908590179 25.0

Number Of Homes And Apartments:
859

Selbyville 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
65.87% 2.98% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$986 / per month

Homeownership Rate

Homeownership
Owners 61.47
Renters 38.53
Vacant 11.35

Housing Market Details

 

Age of Homes

AGE OF Selbyville HOMES
2000 or Newer 28.4
1970 - 1999 30.3
1940 - 1969 23.9
1939 or Older 17.3

Types of Homes

TYPE OF Selbyville HOMES
Single-Family 81.5
Townhomes 3.4
Small Apt. Buildings 5.5
Apt. Complexes 6.9
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Selbyville HOMES
No Bedroom 0.00
1 Bedroom 8.26
2 Bedrooms 13.83
3 Bedrooms 48.40
4 Bedrooms 24.46
5 or more bedrooms 5.06