Department of Numbers

Delaware Residential Rent and Rental Statistics

The median monthly gross residential rent in Delaware was $1,048 in 2016 according to the Census ACS survey.1 Average gross rent was $1,045 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Delaware median and average rent data will be released in September of 2018.

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 (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Delaware Median Gross Rent $1,048 -1.41% +4.28%

Delaware Real Gross Rent Trends

Median gross rent for Delaware peaked in real terms in 2015 at $1,063 and is now $15 (1.41%) lower. At $1,045, real average gross rent in Delaware was at its highest level in 2016 since the series began in 2005.

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
2016 $981 $1,048 $1,045
2015 $972 $1,063 $1,019
2014 $942 $1,032 $1,035
2013 $910 $1,005 $959
2012 $898 $975 $977
2011 $898 $990 $1,008
2010 $912 $1,016 $995
2009 $916 $1,033 $1,021
2008 $932 $1,037 $1,004
2007 $885 $1,021 $972
2006 $895 $973 $957
2005 $869 $947 $919

Delaware Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Delaware was 8.03% according to Census ACS data.

Rental Vacancy Rate in Delaware

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Delaware 8.03% +0.91% -1.32%

Trends in Delaware Rental Vacancy Rate

The rental vacancy rate in Delaware peaked in 2010 at 13.41%. Since then it has fallen by 5.38% to 8.03%. Data records for this series originated in 2005. From a 2015 post peak low of 7.12%, the rental vacancy rate has increased by 0.91%.

Rental Vacancy Rate: Delaware, US

Rental vacancy rate in Delaware

Historical Rental Vacancy Rate data for Delaware

Date US Delaware
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%
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 20.36% in 2016 according to the ACS.

Delaware Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Delaware 20.36% -0.19% -0.36%

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 0.36% to 20.36%.

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
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%
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 2016 30.21% of households were renters according to Census ACS data.

Delaware Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Delaware 30.21% +1.02% +1.89%

Trends in the Delaware Renter Fraction

At 30.21%, the 2016 household based renter fraction in Delaware was at its highest 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
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%
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.