Department of Numbers

Delaware Residential Rent and Rental Statistics

The median monthly gross residential rent in Delaware was $1,049 in 2015 according to the Census ACS survey.1 Average gross rent was $1,006 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Delaware median and average rent data will be released in September of 2017.

Data is also available below for Delaware rental vacancy rates, Delaware rent as a percent of median income and the fraction of renters in Delaware.

Show dollars as: Nominal Real

Real Gross Rent in Delaware (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Delaware Median Gross Rent $1,049 +2.94% +8.93%

Delaware Real Gross Rent Trends

At $1,049, real median gross rent in Delaware was at its highest level in 2015 since the series began in 2005. Average gross rent for Delaware peaked in real terms in 2014 at $1,022 and is now $16 (1.57%) lower.

Real Gross Rent in Delaware: Median, Average, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Delaware

Date US Median Delaware Median Delaware Average
2015 $959 $1,049 $1,006
2014 $930 $1,019 $1,022
2013 $898 $992 $947
2012 $886 $963 $965
2011 $887 $977 $995
2010 $901 $1,003 $982
2009 $905 $1,020 $1,008
2008 $920 $1,024 $991
2007 $874 $1,008 $959
2006 $883 $961 $945
2005 $858 $935 $907

Delaware Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Delaware was 7.12% according to Census ACS data.

Rental Vacancy Rate in Delaware

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Delaware 7.12% -0.03% -0.78%

Trends in Delaware Rental Vacancy Rate

The rental vacancy rate in Delaware peaked in 2010 at 13.41%. Since then it has fallen by 6.29% to 7.12%. Data records for this series originated in 2005.

Rental Vacancy Rate: Delaware, US

Rental vacancy rate in Delaware

Historical Rental Vacancy Rate data for Delaware

Date US Delaware
2015 5.85% 7.12%
2014 6.32% 7.15%
2013 6.49% 9.35%
2012 6.77% 7.90%
2011 7.40% 8.59%
2010 8.17% 13.41%
2009 8.43% 12.42%
2008 7.86% 9.60%
2007 7.87% 9.42%
2006 7.70% 10.01%
2005 7.74% 9.12%

Delaware Rent as a Fraction of Income

Using median household income data for Delaware, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Delaware, median monthly gross rent as a fraction of median household income was 20.55% in 2015 according to the ACS.

Delaware Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Delaware 20.55% -0.03% +0.83%

Trends in Delaware Rent as a Fraction of Income

The fraction of median Delaware household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 20.72%. Since then it has fallen by 0.17% to 20.55%.

Fraction of Income towards Rent: Delaware, US

Percent of median household income going towards median monthly gross rent in Delaware

Historical Data for Annual Rent as a Fraction of Income in Delaware

Date US Delaware
2015 20.63% 20.55%
2014 20.89% 20.58%
2013 20.78% 20.72%
2012 20.65% 19.72%
2011 20.70% 19.59%
2010 20.50% 20.46%
2009 20.12% 20.03%
2008 19.00% 18.98%
2007 18.66% 20.00%
2006 18.90% 18.85%
2005 18.89% 18.13%

Renter Fraction in Delaware

You can calculate the renter fraction in Delaware in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Delaware as a fraction of total Delaware households. In 2015 29.19% of households were renters according to Census ACS data.

Delaware Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Delaware 29.19% -0.53% +0.02%

Trends in the Delaware Renter Fraction

The Delaware household renter fraction peaked in in 2014 at 29.72% and is now 0.53% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Delaware, US

Fraction of renters in Delaware

History of Delaware Renter Fraction

Date US Delaware
2015 36.97% 29.19%
2014 36.90% 29.72%
2013 36.50% 28.32%
2012 36.09% 29.17%
2011 35.42% 28.40%
2010 34.65% 27.03%
2009 34.13% 26.38%
2008 33.36% 26.51%
2007 32.80% 27.50%
2006 32.73% 25.59%
2005 33.10% 27.64%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.