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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 1,375 people, 585 houses or apartments, and a median cost of homes of $405,511, Felton real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Felton, accounting for 77.10% of the town's housing units. Other types of housing that are prevalent in Felton include large apartment complexes or high rise apartments ( 13.80%), duplexes, homes converted to apartments or other small apartment buildings ( 4.21%), and a few row houses and other attached homes ( 4.04%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Felton. Owner-occupied housing accounts for 71.11% of Felton's homes, and 69.70% have either three or four bedrooms, which is average sized relative to America.
Felton homes and real estate are some of the newest in America. 45.79% of Felton'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 Felton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.87%), and before 1939 ( 12.29%). There's also some housing in Felton built between 1940-1969 ( 5.05%).
Appreciation rates for homes in Felton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.29%, which ranks in the top 50% nationwide. This equates to an annual average Felton house appreciation rate of 7.03%.
Appreciation rates are so strong in Felton that despite a nationwide downturn in the housing market, Felton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Felton appreciation rates continue to be some of the highest in America, at 10.10%, which is higher than appreciation rates in 99.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Felton. Felton appreciation rates in the latest quarter were at 8.80%, which equates to an annual appreciation rate of 40.12%.
Importantly, this makes Felton one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Delaware, our data show that Felton's latest annual appreciation rate is higher than 90% of the other cities and towns in Delaware.
$405,511
for Delaware
for nation
585
$1,486 / per month