Historically significant as the first state to ratify the Constitution, boasts stunning Atlantic coastline, and is located close to iconic cities such as Philadelphia and baltimoreDelaware is the second smallest state and has a lot to offer anyone considering living in the area. If Delaware sounds right for you, you might also be curious about which cities fit your budget. As of August, Delaware median home sales price It’s $360,700.
If this number doesn’t fit your budget, don’t worry, we have a variety of options to help you find a house or apartment that fits your budget. Redfin compiled a list of the eight most affordable places to live in Delaware, all with a lower median home sales than the state average. Let’s take a look at which cities are on the list.
#1: Wilmington
Median house price: $225,000
Average sales price per square foot: $168
Average rent for a one-bedroom apartment: $1,583
Median household income: $54,731
Wilmington, DE Homes for Sale
Apartments for Rent in Wilmington, DE
Number one on our list of the most affordable places to live in Delaware is Wilmington. With approximately 71,600 residents and a median home sale price of $225,000, Wilmington is a great area to live.historical sites and Delaware Art Museum. Residents can also explore Brandywine ZooRockford Park, and Tubman Garrett Riverfront Park are among many local favorites.
#2: Milford
Median house price: $280,000
Average sales price per square foot: $212
Median household income: $53,472
Nearest major subway: Dover (21 miles)
Milford, DE Homes for Sale
Apartments for Rent in Milford, DE
The second most livable city in Delaware is Milford, located on Delaware Bay. While you’re living in this city of 11,200 people, you can explore Mispillion Riverwalk Park, local vendors at the Riverwalk Farmers Market, and visit Goat Island Nature Preserve.
#3: Dover
Median house price: $300,000
Average sales price per square foot: $162
Average rent for a one-bedroom apartment: $1,315
Median household income: $48,500
Dover, DE Homes for Sale
Apartments for Rent in Dover, DE
With a median home sale price of $300,000, Dover ranks third on our list of the most affordable places to live in Delaware. Dover has approximately 39,400 residents and is the second largest city in the state. Live in Doveryou can visit the Old State House, which dates back to 1719, and explore places like biggs art museum and Johnson Phonograph Museumor explore scenic green spaces like Fork Branch Nature Preserve and Silver Lake Park.
#4: Bear
Median house price: $335,500
Average sales price per square foot: $189
Average rent for a one-bedroom apartment: $1,872
Median household income: $76,920 USD
Nearest major subway: Wilmington (15 miles)
Bell, DE Homes for Sale
Apartments for Rent in Bell, DE
Bear is located about 15 miles southwest of Wilmington and is home to approximately 23,600 people. The median home sale price is $335,500, about $25,000 less than the median home sale price in Delaware. If you find yourself moving to the fourth most affordable place in Delaware, visit one of the town’s parks, check out the local restaurants, or take a boat trip on Becks Pond.
#5: Claremont
Median house price: $335,000
Average sales price per square foot: $203
Average rent for a one-bedroom apartment: $1,837
Median household income: $72,840
Nearest major subway: Wilmington (7 miles)
Claremont, DE Homes for Sale
Apartments for Rent in Claremont, DE
With a population of approximately 10,200, Claremont is a charming and affordable riverside city. Situated along the Delaware River, Claremont offers beautiful views of the water and nearby New Jersey. In Claremont, you’ll find attractions like Woods Harbor Cruise Park and historic attractions like the Courtyard.
#6: Brookside
Median house price: $339,000
Average sales price per square foot: $195
Median household income: $66,485
Nearest major subway: Wilmington (12 miles)
Brookside, DE Homes for Sale
Apartments for Rent in Brookside, DE
Number six on our list is another famous city, Brookside. With approximately 14,300 residents and a median home sale price of $339,000, Brookside is a great place to call home. It’s a suburb, so there are many community parks and shopping centers, making it a convenient city. Brookside is also close to Newark and Wilmington, so you can easily explore these cities.
#7: Smyrna
Median house price: $339,000
Average sales price per square foot: $206
Average rent for a one-bedroom apartment: $1,050
Median household income: $45,948
Nearest major subway: Dover (14 miles)
Smyrna, DE Homes for Sale
Apartments for Rent in Smyrna, DE
Smyrna, which has the same median home sales as Brookside, is the next affordable city in Delaware to make the list. There are several popular attractions in Smyrna that you may want to visit. Be sure to spend a day at Lake Como, explore the charming downtown area with shops and restaurants, or visit Blackbird State Forest.
#8: Newark
Median house price: $345,000
Average sales price per square foot: $201
Median household income: $67,738
Nearest major subway: Wilmington (13 miles)
Newark, DE Homes for Sale
Newark, DE Apartments for Rent
The final city to make the list of the most affordable places to live in Delaware is Newark. Newark is located approximately 13 miles outside of Wilmington and has approximately 30,100 residents. In Newark, you’ll find the University of Delaware campus, home to museums and beautiful grounds. You can also explore green spaces like Rittenhouse Park, William M. Redd, Junior Park, and Middle Run Valley Natural Area, all great places to enjoy the outdoors.
method: All cities must have more than 10,000 residents and have a median home sales price lower than the average median home sales price in Delaware, according to the U.S. Census. Median home sales and median sales price per square foot Red Fin Information Center Average rent data for the period July 2024 rental network August 2023. U.S. Census Bureau.
