Estimate your monthly payment using Delaware's average home price of $340,000 and property tax rate of 0.57%. Updated for 2026.
Estimates include P&I, property tax, and ~0.5% annual insurance. Does not include PMI, HOA, or utilities.
Delaware's housing market in 2026 has a median home price of approximately $340,000, placing it below the national median of around $420,000. Delaware's no sales tax and favorable corporate laws attract both businesses and homebuyers seeking lower overall costs. Whether you're buying your first home in Wilmington or relocating from another state, understanding your true monthly mortgage cost is essential before making an offer.
Property taxes in Delaware average 0.57% of assessed value annually — among the lowest property tax rates in the nation. On a $340,000 home, that translates to roughly $161 per month added to your mortgage payment. Wilmington, Dover, and Newark all fall under Delaware's general property tax framework, though local millage rates vary by county and municipality. Always confirm the exact rate for the specific property you're considering.
Delaware State Housing Authority (DSHA) offers the Welcome Home program with down payment grants. Beyond state programs, FHA loans remain popular in Delaware requiring as little as 3.5% down, while VA loans offer zero-down financing for eligible veterans and active-duty service members. Conventional loans typically require 620+ credit score and a debt-to-income ratio under 45%.
Sussex County near Rehoboth Beach has seen coastal demand push prices significantly above the state average. When shopping for a mortgage in Delaware, compare offers from at least three lenders. Even a 0.25% difference in interest rate on a $340,000 home can mean thousands of dollars saved over the life of a 30-year loan. Pay close attention to APR — not just the rate — as it includes origination fees and points.
Use the calculator above to model your scenario. A 20% down payment on the average Delaware home of $340,000 puts your estimated total monthly cost at approximately $2,076 at today's rates, before HOA fees or special assessments. Adjust the home price, down payment, and rate to match your specific situation and see how the numbers change in real time.
The average home price in Delaware is approximately $340,000 as of 2026. Prices vary significantly by city and county — Wilmington tends to be pricier while more rural areas offer lower prices.
Delaware has among the lowest property tax rates in the nation at 0.57% of assessed value. On a $340,000 home that adds about $161 per month to your housing cost. Rates vary by county, so verify the exact rate for your target property.
Delaware State Housing Authority (DSHA) offers the Welcome Home program with down payment grants. Additionally, FHA loans (3.5% down), VA loans (0% down for eligible veterans), and USDA rural loans may be available depending on location and eligibility.