Townsend, DE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Townsend Neighborhoods Since 2000




Townsend, 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

Townsend Housing Market Information

With 2,177 people, 643 houses or apartments, and a median cost of homes of $324,216, 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 90.93% of Townsend's homes, and 73.11% 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. 73.72% 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 ( 17.98%), and between 1940-1969 ( 4.98%). There's also some housing in Townsend built between 1970-1999 ( 3.32%).

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 -1.08%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Townsend's appreciation rate, at 4.91%, has been at or slightly above the national average. In the latest quarter, Townsend's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$324,216

Townsend, DE HOME PRICES

Value Range
> $1,100,000 0.0
$825,001 - $1,100,000 0.0
$550,001 - $825,000 5.6
$440,001 - $550,000 13.2
$330,001 - $440,000 25.3
$220,001 - $330,000 37.9
$110,001 - $220,000 14.7
$55,001 - $110,000 2.0
$0 - $55,000 1.3

Very High for DE
Very High for Nation

Value Relative to Nation Value Relative to State
14.1743818117895 20.4545454545455

Number Of Homes And Apartments:
643

Townsend 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
49.64% 2.36% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,544 / per month

Homeownership Rate

Homeownership
Owners 90.93
Renters 9.07
Vacant 2.87

Housing Market Details

 

Age of Homes

AGE OF Townsend HOMES
2000 or Newer 73.7
1970 - 1999 3.3
1940 - 1969 5.0
1939 or Older 18.0

Types of Homes

TYPE OF Townsend HOMES
Single-Family 96.2
Townhomes 1.5
Small Apt. Buildings 2.3
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Townsend HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 6.19
3 Bedrooms 21.15
4 Bedrooms 51.96
5 or more bedrooms 20.69

Popular Neighborhoods in Townsend

Zip Codes in Townsend, DE