Delaware Real Estate and Livability Trends
Delaware's real estate market has seen remarkable trends over the past decade. The average taxable income per tax return rose from $60,217.62 in 2013 to $85,175.79 in 2021, illustrating a robust economic climate. However, this prosperity is paired with a growing tax burden; state and local income taxes have more than doubled from $6,181.38 in 2012 to $14,286.23 in 2021. Rising median home values,... Read more
Delaware Market Trends
Median home values in Delaware have surged from $231,500 in 2015 to $305,200 in 2022, outpacing the national growth rate. This trend could point to increased demand or limited supply, offering potential opportunities for investors and developers. Delaware's residential energy tax credit per tax return has fluctuated, peaking at $2,983.26 in 2018 and rising again in 2021 to $1,472.31, signaling... Read more
Median Value of Occupied Housing Units in Delaware Over the Last 8 Years
Median home values in Delaware have seen a significant upward trend over the past eight years, growing from $231,500 in 2015 to $305,200 in 2022. This increase far outpaces the national median, which rose from $125,500 to $179,400 over the same period. The accelerating growth in Delaware might suggest heightened demand or limited supply, presenting potential opportunities for investors and developers eyeing the area's housing market. Prospective homeowners and current residents could expect this trend to impact affordability and property appreciation positively.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Delaware over the last 10 years
Active Loans 30-60 Days Past Due in Delaware over the last 10 years in Delaware
Perent of loans that are Active Loans 90-180 Days Past Due in Delaware over the last 10 years in Delaware
Residential Energy Tax Credit Per Tax Return in Delaware Over the Last 9 Years
In Delaware, the average residential energy tax credit per tax return has shown significant fluctuation over the past nine years, peaking dramatically at $2983.26 in 2018 and seeing a notable rise again in 2021 to $1472.31. This trend indicates an increasing incentive for homeowners to invest in energy-efficient improvements, potentially boosting property values and making Delaware an attractive option for sustainable living. Such tax credits are important for investors, homeowners, and developers focusing on green energy solutions.
Average Real Estate Taxes Per Tax Return in Delaware Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Delaware have seen a noticeable upward trend, starting at approximately $2409.95 in 2012 and steadily increasing to around $4114.23 by 2021. This growth indicates a potential rise in property values, coupled with possible adjustments in tax policies or local economic factors. For investors and potential homeowners, this may suggest an appreciating market, though it also implies a higher cost of ownership. Understanding these changes is vital for budgeting and planning for property investments or relocations in Delaware.
Percentage of Farm Returns in Delaware Over the Last 10 Years
Farm tax returns in Delaware have steadily declined over the past decade, suggesting a drop from approximately 0.49% in 2012 to roughly 0.36% in 2021. This trend could reflect a decrease in farming activities or an increase in more profitable land use options. For investors and developers eyeing Delaware, understanding this shift may be crucial. It may indicate potential for alternative investments in property development or other non-agricultural ventures, suggesting a possible shift in the local economy and land use priorities.
Economic Outlook
Delaware's real estate market has seen some interesting trends over the past decade. The average taxable income per tax return has jumped from $60,217.62 in 2013 to $85,175.79 in 2021, reflecting a robust economic environment. However, this prosperity comes with a growing tax burden; state and local income taxes have more than doubled from $6,181.38 in 2012 to $14,286.23 by 2021. Meanwhile, the average total tax liability has seen a steady rise, reaching $14,664.48 in 2021. These trends suggest... Read more
Average Taxable Income per Tax Return in Delaware over the last 9 years
Delaware's average taxable income per tax return has shown a steady upward trend over the past nine years, with significant growth highlighted by a jump from $60,217.62 in 2013 to $85,175.79 in 2021. Notably, there was a substantial increase in 2021, surpassing the usual incremental rises. This consistent growth signals a robust economic environment, making Delaware an attractive prospect for investors, new residents, and developers.
Average State and Local Income Taxes Per Tax Return in Delaware Over the Last 10 Years
Over the past decade, Delaware has experienced a significant increase in average state and local income taxes per tax return, rising from $6,181.38 in 2012 to a substantial $14,286.23 by 2021. This consistent upward trend highlights the growing tax burden on residents, possibly reflecting economic growth, inflation, or changes in tax policy. For prospective movers or current residents, it's a critical factor to consider as it impacts overall living costs and financial planning in the state.
Average Total Tax Liability Per Tax Return in Delaware Over the Last 10 Years
Over the last decade, Delaware has seen a steady increase in the average total tax liability per tax return, with a notable spike in recent years. In 2012, the average was $10,177.49 and climbed to $14,664.48 by 2021. This upward trend, especially the sharp rise in 2021, signifies a growing economic activity and rising incomes, making it an interesting prospect for potential investors and new residents seeking growth opportunities.
Cost of Living in Delaware
Safety trends & Data
In Delaware, fraud has been the top property crime over the last five years, peaking at 4,477 cases in 2018 and dipping to 2,863 in 2022. While forgery and counterfeiting hover around 1,000 cases annually, larceny-theft has declined from 681 cases in 2018 to 502 in 2022. Embezzlement hit a high of 230 cases in 2019 but fell in later years. Vandalism remains steady with minor fluctuations. These patterns offer valuable insights for investors and businesses to gauge risks, real estate agents to... Read more
Property Crime Trends in Delaware Over the Last 5 Years
Over the last five years in Delaware, fraud consistently shows the highest incidence among property crimes, peaking at 4,477 cases in 2018 and slightly decreasing to 2,863 in 2022. Forgery and counterfeiting remained notably high as well, hovering around the 1,000 mark in most years. Larceny-theft experienced a notable drop from 681 recorded cases in 2018 to 502 in 2022. Embezzlement saw its highest occurrence in 2019 with 230 cases but significantly decreased in subsequent years. Vandalism cases fluctuated but remained relatively steady. These trends suggest potential areas investors and businesses may want to scrutinize for risk, while real estate agents and those relocating might be wary of these prevalent property crimes. Furthermore, insurance agents and appraisers can find these statistics significant when assessing property risk and value.
Demographics
Delaware presents an intriguing demographic profile with a slightly larger female population compared to males. The state shows a significant portion of its residents have at least a high school diploma, with a considerable number holding a bachelor's or higher degree, suggesting a focus on educational attainment. The age distribution is fairly spread out, though there appears to be a slight concentration in the working-age groups, particularly those aged 25-64 years. Racially, Delaware is... Read more
Race Distribution in Delaware (2022)
Educational Attainment in Delaware (2022)
Age Distribution in Delaware
Citizen Population in Delaware (2022)
Political Trends & Data
Data from the 2020 U.S. Presidential Election suggests that Delaware may have a strong Democratic presence, with Democrats possibly securing about 59% of the vote. Republicans perhaps garnered close to 40%, with Libertarians and Green party candidates remaining marginal at nearly 1% and 0.5% respectively. This could be indicative of Delaware's prevailing political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Delaware during the 2020 U.S. Presidential Election, voter preferences seemed to lean more towards the Democratic party, with Democrats possibly garnering around 59% of the vote. Republicans might have received close to 40%, while Libertarians and Green party candidates seemed to be marginal with nearly 1% and half a percent respectively. This pattern potentially indicates a strong Democratic presence in the state.
39.80% of voters voted for the Republican party in the 2020 Presidential Election
58.78% of voters voted for the Democrat party in the 2020 Presidential Election
0.99% of voters voted for the Libertarian party in the 2020 Presidential Election
0.42% of voters voted for the Green party in the 2020 Presidential Election
School Data
Delaware's student-to-teacher ratio has seen notable fluctuations over the past decade, peaking at nearly 16 students per teacher in 2017 and declining to around 14 in 2022. This variability may highlight changes in school district funding and teacher availability, which are crucial factors for potential homebuyers, investors, and families. With ratios close to the national average of 14 students per teacher, Delaware's educational quality might appear competitive, influencing real estate... Read more
Student-to-teacher ratio in Delaware over the last 10 years
The student-to-teacher ratio in Delaware has fluctuated over the past decade, peaking at nearly 16 students per teacher in 2017 and bottoming out at around 14 in 2022. These variations could be significant for potential homebuyers, investors, and families, as they may reflect changes in local school district funding and teacher availability. Importantly, Delaware's ratios hover close to the national average of around 14 students per teacher, which could indicate competitive educational quality.
