New Castle County Delaware Residential Rent and Rental Statistics
The median monthly gross residential rent in New Castle County DE was $1,130 in 2019 according to the Census ACS survey.1 Average gross rent in New Castle County was $1,131 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 New Castle County median and average rent data will be released in September of 2021.
Data is also available below for New Castle County rental vacancy rates, New Castle County rent as a percent of median income and the fraction of renters in New Castle County.
Real Gross Rent in New Castle County Delaware (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Delaware Median Gross Rent | $1,116 | -1.06% | +1.73% |
| New Castle County DE Median Gross Rent | $1,130 | -3.99% | -1.14% |
New Castle County DE Real Gross Rent Trends
Median gross rent for New Castle County peaked in real terms in 2018 at $1,177 and is now $47 (3.99%) lower. Average gross rent for New Castle County peaked in real terms in 2018 at $1,178 and is now $47 (3.99%) lower.
Real Gross Rent: New Castle County DE Median, New Castle County DE Average, Delaware Median, US Median
Real Gross Rent History for New Castle County
| Date | US Median |
Delaware Median |
New Castle County DE Median |
New Castle County DE Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,116 | $1,130 | $1,131 |
| 2018 | $1,077 | $1,128 | $1,177 | $1,178 |
| 2017 | $1,043 | $1,120 | $1,159 | $1,159 |
| 2016 | $1,027 | $1,097 | $1,143 | $1,171 |
| 2015 | $1,017 | $1,113 | $1,148 | $1,120 |
| 2014 | $986 | $1,081 | $1,083 | $1,116 |
| 2013 | $953 | $1,052 | $1,077 | $1,056 |
| 2012 | $940 | $1,021 | $1,048 | $1,077 |
| 2011 | $941 | $1,037 | $1,046 | $1,091 |
| 2010 | $955 | $1,064 | $1,072 | $1,087 |
| 2009 | $960 | $1,082 | $1,098 | $1,125 |
| 2007 | $927 | $1,069 | $1,097 | $1,074 |
| 2005 | $910 | $991 | $1,040 | $1,030 |
New Castle County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for New Castle County Delaware was 6.80% according to Census ACS data.
Rental Vacancy Rate in New Castle County Delaware
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Delaware | 6.57% | +0.80% | -1.46% |
| New Castle County DE | 6.80% | +0.29% | -3.11% |
Trends in New Castle County DE Rental Vacancy Rate
The rental vacancy rate in New Castle County peaked in 2009 at 14.08%. Since then it has fallen by 7.28% to 6.80%. Data records for this series originated in 2005. From a 2018 post peak low of 6.51%, the rental vacancy rate has increased by 0.29%.
Rental Vacancy Rate: New Castle County DE, Delaware, US
Historical Rental Vacancy Rate data for New Castle County
| Date | US | Delaware | New Castle County DE |
|---|---|---|---|
| 2019 | 5.97% | 6.57% | 6.80% |
| 2018 | 6.15% | 5.77% | 6.51% |
| 2017 | 6.18% | 7.46% | 7.90% |
| 2016 | 5.89% | 8.03% | 9.91% |
| 2015 | 5.85% | 7.12% | 7.72% |
| 2014 | 6.32% | 7.15% | 8.39% |
| 2013 | 6.49% | 9.35% | 9.98% |
| 2012 | 6.77% | 7.90% | 7.41% |
| 2011 | 7.40% | 8.59% | 8.34% |
| 2010 | 8.17% | 13.41% | 12.90% |
| 2009 | 8.43% | 12.42% | 14.08% |
| 2007 | 7.87% | 9.42% | 11.99% |
| 2005 | 7.74% | 9.12% | 9.37% |
Rent as a Fraction of Income
Using median household income data for New Castle County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For New Castle County, median monthly gross rent as a fraction of median household income was 17.77% in 2019 according to the ACS.
New Castle County Delaware Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Delaware | 19.08% | -1.43% | -1.28% |
| New Castle County DE | 17.77% | -2.20% | -1.71% |
Trends in New Castle County DE Rent as a Fraction of Income
The fraction of median New Castle County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 20.24%. Since then it has fallen by 2.47% to 17.77%.
Fraction of Income towards Rent: New Castle County DE, Delaware, US
Historical Data for Annual Rent as a Fraction of Income in New Castle County Delaware
| Date | US | Delaware | New Castle County DE |
|---|---|---|---|
| 2019 | 20.03% | 19.08% | 17.77% |
| 2018 | 20.50% | 20.52% | 19.97% |
| 2017 | 20.13% | 20.73% | 20.24% |
| 2016 | 20.43% | 20.36% | 19.48% |
| 2015 | 20.63% | 20.55% | 19.60% |
| 2014 | 20.89% | 20.58% | 19.00% |
| 2013 | 20.78% | 20.72% | 19.45% |
| 2012 | 20.65% | 19.72% | 19.02% |
| 2011 | 20.70% | 19.59% | 18.23% |
| 2010 | 20.50% | 20.46% | 19.19% |
| 2009 | 20.12% | 20.03% | 18.55% |
| 2007 | 18.66% | 20.00% | 18.81% |
| 2005 | 18.89% | 18.13% | 16.84% |
Renter Fraction in New Castle County Delaware
You can calculate the renter fraction in New Castle County 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 New Castle County as a fraction of total New Castle County households. In 2019 33.53% of households were renters according to Census ACS data.
New Castle County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Delaware | 29.70% | +0.73% | -0.51% |
| New Castle County DE | 33.53% | +1.41% | +0.41% |
Trends in the New Castle County DE Renter Fraction
The New Castle County household renter fraction peaked in in 2017 at 33.57% and is now 0.04% below that level. The origin year for the series is 2005.
Fraction of Renting Households: New Castle County DE, Delaware, US
History of New Castle County Renter Fraction
| Date | US | Delaware | New Castle County DE |
|---|---|---|---|
| 2019 | 35.89% | 29.70% | 33.53% |
| 2018 | 36.05% | 28.97% | 32.12% |
| 2017 | 36.13% | 29.05% | 33.57% |
| 2016 | 36.88% | 30.21% | 33.12% |
| 2015 | 36.97% | 29.19% | 31.62% |
| 2014 | 36.90% | 29.72% | 31.81% |
| 2013 | 36.50% | 28.32% | 30.72% |
| 2012 | 36.09% | 29.17% | 31.77% |
| 2011 | 35.42% | 28.40% | 31.01% |
| 2010 | 34.65% | 27.03% | 30.36% |
| 2009 | 34.13% | 26.38% | 29.51% |
| 2007 | 32.80% | 27.50% | 28.59% |
| 2005 | 33.10% | 27.64% | 30.00% |
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. ↩
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