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 a population of 1,187, 766 total housing units (homes and apartments), and a median house value of $1,335,135, Rehoboth Beach house prices are not only among the most expensive in Delaware, Rehoboth Beach real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Rehoboth Beach, accounting for 61.64% of the city's housing units. Other types of housing that are prevalent in Rehoboth Beach include large apartment complexes or high rise apartments ( 26.56%), duplexes, homes converted to apartments or other small apartment buildings ( 7.83%), and a few row houses and other attached homes ( 3.98%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rehoboth Beach. Owner-occupied housing accounts for 84.86% of Rehoboth Beach's homes, and 44.36% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Rehoboth Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rehoboth Beach built between 1940-1969 ( 21.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.33%). There's also some housing in Rehoboth Beach built before 1939 ( 17.02%).
A decent proportion of the Rehoboth Beach housing stock is seasonally occupied. That is, homes and condos in Rehoboth Beach are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Rehoboth Beach housing market speaks to its popularity as a vacation location of choice.
Real estate appreciation rates in Rehoboth Beach's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.16% during the period.
Over the last year, Rehoboth Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Rehoboth Beach's appreciation rate has been 1.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rehoboth Beach were at 6.02%, which equates to an annual appreciation rate of 26.34%.
Importantly, this makes Rehoboth Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Delaware, our data show that Rehoboth Beach's latest annual appreciation rate is lower than 80% of the other cities and towns in Delaware.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Rehoboth Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rehoboth Beach - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Rehoboth Beach real estate investment or home purchase decisions.
$1,335,135
for Delaware
for nation
766
$1,946 / per month