Rent vs Buy in Delaware
Compare 3 cities across Delaware. Find out whether renting or buying makes more financial sense in your area.
3cities analyzed
Avg Home:$361,063
Avg Rent:$1,843/mo
Avg Price/Rent:16.3
Delaware Housing Market Summary
3
Cities Analyzed
0
Favor Buying
3
Favor Renting
0
Toss-Up
Across Delaware's 3 analyzed cities, the majority (3 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Delaware.
The average home price in Delaware is $361,063, with average rents at $1,843/month. This gives an average price-to-rent ratio of 16.3.
$Most Affordable Cities
$$Most Expensive Cities
All Delaware Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Wilmington | $361,117.09 | $1,877.7 | 16.0 | N/A | Rent |
| Dover | $360,953.91 | $1,773.32 | 17.0 | N/A | Rent |
| Newark | $361,117.09 | $1,877.7 | 16.0 | N/A | Rent |
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