Townsend, DE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Townsend, DE Real Estate Data


Townsend Housing Market Information

With a population of 2,177, 645 total housing units (homes and apartments), and a median house value of $325,507, real estate costs in Townsend are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Delaware communities.

Townsend is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Townsend 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 Townsend. Owner-occupied housing accounts for 89.20% of Townsend's homes, and 73.79% have either three or four bedrooms, which is average sized relative to America.

Townsend homes and real estate are some of the newest in America. 75.15% of Townsend's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Townsend real estate market has to offer. Quite a bit of the housing here was also built before 1939 ( 17.58%), and between 1940-1969 ( 4.55%). There's also some housing in Townsend built between 1970-1999 ( 2.73%).

Townsend Home Appreciation Rates

Townsend's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Townsend during the period has been just -0.82%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Townsend's appreciation rate, at 5.65%, has been at or slightly above the national average. In the latest quarter, Townsend's appreciation rate has been 1.89%, which annualizes to a rate of 7.76%.

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

Average Home Values

 

Median Home Value:
$325,507

Townsend, DE HOME PRICES

Value Range
> $1,115,000 0.0
$837,001 - $1,115,000 0.0
$558,001 - $837,000 6.3
$446,001 - $558,000 8.1
$335,001 - $446,000 29.3
$223,001 - $335,000 37.6
$112,001 - $223,000 14.9
$56,001 - $112,000 1.9
$0 - $56,000 2.0

Very High for DE
Very High for Nation

Value Relative to Nation Value Relative to State
14.4873221291796 20.4545454545455

Number Of Homes And Apartments:
645

Rent & Ownership

 

Average Market Rent:
$1,338 / per month

Homeownership Rate

Homeownership
Owners 89.20
Renters 10.80
Vacant 2.27

Housing Market Details

 

Age of Homes

AGE OF Townsend HOMES
2000 or Newer 75.2
1970 - 1999 2.7
1940 - 1969 4.5
1939 or Older 17.6

Types of Homes

TYPE OF Townsend HOMES
Single-Family 95.6
Townhomes 1.7
Small Apt. Buildings 2.7
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Townsend HOMES
No Bedroom 0.00
1 Bedroom 0.15
2 Bedrooms 6.06
3 Bedrooms 21.06
4 Bedrooms 52.73
5 or more bedrooms 20.00

Townsend Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
DE*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
55.59% 2.63% 5 7
* 10 is highest

Popular Neighborhoods in Townsend

Zip Codes in Townsend, DE