Homes for Sale in Rehoboth Beach, DE with Newest Listings | realtor.com® (2024)

FAQs

Is now a good time to buy a house in Delaware? ›

The months from March to June are the best time to buy a house in Delaware. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

This $14.9 million Rehoboth Beach House backs up to Silver Lake and faces the ocean. This $14.0 million Rehoboth Beach House is on nearly an acre of land right next to the ocean.

Cheaper Houses: The median home sale price in Delaware is ~$316K. But you can get houses between $258K and $409K in cities like Harrington, Seaford, and Magnolia. Tax Benefits: Delaware is known for its business-friendly tax environment.

Rehoboth Beach is a town in Delaware with a population of 1,357. Rehoboth Beach is in Sussex County and is one of the best places to live in Delaware. Living in Rehoboth Beach offers residents a dense suburban feel and most residents own their homes.

Winter is traditionally the slowest season for home sales and, as a result, it's the cheapest time to buy a home. There's usually less competition between buyers and sellers may be more willing to negotiate to make a sale since buyer interest is lower than it is in the spring.

There were 635 homes sold in Delaware this April, up 5.1% from April of 2023. About 41.6% of homes sell above list price, signifying a seller's market.

Joe Biden, the current President of the United States, and current First Lady of the United States, Jill Biden, have a beach house outside the corporate limits of Rehoboth Beach in the North Shores neighborhood. This beach house serves as their "Summer White House".

How do Rehoboth Beach prices compare to other US cities? Rehoboth Beach is ranked 77 out of 273 cities across the US in terms of cost of living. The cost of living in Rehoboth Beach is 102.5% of the national average.

Among the most affordable places to live in Delaware are cities like Dover and Wilmington, as well as less dense locations like Milford, Middletown, and Hockessin.

What credit score do you need to buy a house in Delaware? ›

Mortgage Interest Rate: As of now, the 30-year fixed-rate mortgage in Delaware is currently at 5.88 %, whereas a 15-year FRM stands at 5.22 %. Credit Score Requirement: To secure better interest rates, aim for a credit score of 670 or higher. The average credit score required in Delaware is 705.

Cost of Living. The cost of living in Maryland is slightly higher than the cost of living in Delaware, but not by a significant margin. However, this is an average, which can fluctuate considerably.

As for its environment, Bethany boasts pristine beaches, and its boardwalk offers picturesque views. Rehoboth Beach boasts a vibrant history dating back to the late 1800s. Over the years, it has evolved into a bustling beach town with a variety of attractions and activities.

1 safest Delaware city: Milton. Milton took first place this year. Here are the statistics, reported by SafeWise, for 2024.

Rehoboth Beach Demographics

White: 94.03% Two or more races: 2.65% Other race: 1.84% Asian: 1.4%

Across Delaware, there is a shortage of rental homes affordable and available to extremely low income households (ELI), whose incomes are at or below the poverty guideline or 30% of their area median income (AMI). Many of these households are severely cost burdened, spending more than half of their income on housing.

Delaware also has a relatively low property tax rate compared to other states. In 2023, the average rate was 0.62%, which is lower than the national average of 1.1%. This can help investors keep their expenses down, ultimately increasing their return on investment.

The current Delaware real estate market statistics reflect the national trend of high demand and low supply. Despite the strong housing demand, home sales tanked. The property prices in Delaware increased in 2023.

Delaware's coastline is home to some of the most beautiful beaches in the Mid-Atlantic, such as Rehoboth Beach and Bethany Beach. These beaches offer residents and visitors a chance to enjoy seaside leisure activities, boardwalk attractions, and community events.