There are currently 13,448 real estate properties in Rehoboth Beach, DE, with a median automated valuation model (AVM) price of $786,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rehoboth Beach, DE, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Rehoboth Beach, DE, is $1,206,431.00, with the most expensive house in Rehoboth Beach, DE, topping out at $14,651,500.00 and the cheapest home in Rehoboth Beach, DE, clocking in at $104,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Rehoboth Beach, DE!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rehoboth Beach, DE, is on a rollercoaster ride. The average rent price in Rehoboth Beach, DE, is $1,770.00. Indeed, when looking to rent in Rehoboth Beach, DE, you can expect to pay as little as $1,140.00 or as much as $3,050.00, with the average rent median estimated to be $1,770.00. The good news is that finding an affordable and desirable property to rent in Rehoboth Beach, DE -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Rehoboth Beach is located in Sussex, Delaware, with an estimated municipal population of 1,546 residents. All of the best foreclosed homes for sale in Rehoboth Beach are located in the following zip code areas on Foreclosure.com: 19971. The estimated population per square kilometer (.62 miles) in Rehoboth Beach is 507.
So, about how much do homes cost in Rehoboth Beach? The most recent median value of resident-owned homes in Rehoboth Beach is 1,006,174. An estimated 81.5 percent of households in Rehoboth Beach own their homes, with an average family size of 2.25. The median household income in Rehoboth Beach is 114,583, with54.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Rehoboth Beach, the median commute time of resident workers (in minutes) is 33.6. And last, but certainly not least, are you looking for homes to rent in Rehoboth Beach? If so, the average rent price paid by renters in Rehoboth Beach is 1,261, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Rehoboth Beach, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Rehoboth Beach is 64.1, split between 50.6 percent male versus 49.4 female. The percentage of residents who report being married in Rehoboth Beach is 62.5, with an average family size of 2.25.
The percentage of residents who report their race in Rehoboth Beach is as follows:
White | 98.2% |
Black / African American | 0.5% |
Asian | 0.6% |
American Indian / Alaskan Native | 0% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 0.4% |
Other | 0.3% |
Looking for family-friendly neighborhoods in and/or near Rehoboth Beach? Or maybe you are searching for 55+ active adult communities in and/or near Rehoboth Beach?
The percentage of residents who report their age in Rehoboth Beach is as follows:
Under 10 | 1% |
Aged 10-19 | 4% |
20s | 4.8% |
30s | 5.4% |
40s | 7.3% |
50s | 18.6% |
60s | 25.7% |
70s | 23.9% |
80+ | 9.5% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Rehoboth Beach with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Rehoboth Beach.
How do you know that living in -- or moving to -- Rehoboth Beach is right where you need to be? Perhaps you grew up in Rehoboth Beach or already live nearby; therefore, the decision to buy a home in Rehoboth Beach is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Rehoboth Beach for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Rehoboth Beach:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Rehoboth Beach.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Rehoboth Beach can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Rehoboth Beach, meanwhile, can field multiple offers from more qualified buyers.
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