Department of Numbers

Delaware Residential Rent and Rental Statistics

The median monthly gross residential rent in Delaware was $1,086 in 2017 according to the Census ACS survey.1 Average gross rent was $1,058 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Delaware median and average rent data will be released in September of 2019.

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 (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Delaware Median Gross Rent $1,086 +2.07% +3.63%

Delaware Real Gross Rent Trends

At $1,086, real median gross rent in Delaware was at its highest level in 2017 since the series began in 2005. Average gross rent for Delaware peaked in real terms in 2016 at $1,061 and is now $3 (0.28%) 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
2017 $1,012 $1,086 $1,058
2016 $996 $1,064 $1,061
2015 $987 $1,079 $1,035
2014 $956 $1,048 $1,052
2013 $924 $1,020 $974
2012 $912 $990 $993
2011 $912 $1,006 $1,023
2010 $927 $1,032 $1,010
2009 $931 $1,049 $1,037
2008 $947 $1,053 $1,020
2007 $899 $1,037 $987
2006 $909 $988 $972

Delaware Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Delaware was 7.46% according to Census ACS data.

Rental Vacancy Rate in Delaware

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Delaware 7.46% -0.57% +0.31%

Trends in Delaware Rental Vacancy Rate

The rental vacancy rate in Delaware peaked in 2010 at 13.41%. Since then it has fallen by 5.95% to 7.46%. Data records for this series originated in 2005. From a 2015 post peak low of 7.12%, the rental vacancy rate has increased by 0.34%.

Rental Vacancy Rate: Delaware, US

Rental vacancy rate in Delaware

Historical Rental Vacancy Rate data for Delaware

Date US Delaware
2017 6.18% 7.46%
2016 5.89% 8.03%
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%

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 20.73% in 2017 according to the ACS.

Delaware Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Delaware 20.73% +0.37% +0.16%

Trends in Delaware Rent as a Fraction of Income

Delaware renters paid 20.73% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

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
2017 20.13% 20.73%
2016 20.43% 20.36%
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%

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 2017 29.05% of households were renters according to Census ACS data.

Delaware Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Delaware 29.05% -1.16% -0.67%

Trends in the Delaware Renter Fraction

The Delaware household renter fraction peaked in in 2016 at 30.21% and is now 1.16% 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
2017 36.13% 29.05%
2016 36.88% 30.21%
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%

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.