2026 data · 0.55% property tax · Median home $305,900
Delaware Mortgage Calculator
A median-priced home in Delaware ($305,900) costs roughly $1,903 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Delaware's effective property tax rate is 0.55% — well below the US average of about 1.0%.
Delaware median-home monthly payment
$1,903/mo
P&I $1,628 · Tax $140 · Insurance $135
@ $305,900 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Delaware
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $92 | $88 | $1,244 |
| $300,000 | $60,000 | $1,597 | $138 | $133 | $1,867 |
| $305,900 (state median) | $61,180 | $1,628 | $140 | $135 | $1,903 |
| $400,000 | $80,000 | $2,129 | $183 | $177 | $2,489 |
| $500,000 | $100,000 | $2,661 | $229 | $221 | $3,111 |
| $750,000 | $150,000 | $3,992 | $344 | $331 | $4,667 |
Calculations use Delaware's 0.55% effective property tax rate, estimated homeowners insurance at 0.53%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Delaware property tax
Effective rate
0.55%
Median home value
$305,900
Median property tax
$1,756/yr
Delaware has below-average property tax rates and no state sales tax. Senior school property tax credit available for residents 65+. Realty transfer tax is 4% (highest in US) — typically split 50/50 between buyer and seller.
See our property tax calculator for a state-by-state property tax breakdown, and our Delaware paycheck calculator to estimate take-home pay against this monthly housing cost.
Delaware vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Delaware (this page) | 0.55% | $305,900 | $1,756 | |
| Maryland | 0.99% | $371,100 | $3,680 | Maryland mortgage → |
| Pennsylvania | 1.43% | $239,800 | $3,440 | Pennsylvania mortgage → |
| New Jersey | 2.26% | $401,400 | $9,076 | New Jersey mortgage → |
FAQs about Delaware mortgages
What is the property tax rate in Delaware?
Delaware's effective property tax rate is 0.55%, meaning the average homeowner pays roughly 0.55% of their home's value in property tax annually. On a $305,900 home (the state median), that's about $1,756 per year, or $146 per month added to your mortgage payment.
What is the average monthly mortgage payment in Delaware?
For a home at Delaware's median value of $305,900, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Delaware's 0.55% property tax + estimated insurance, the typical monthly PITI payment is approximately $1,903. This includes $1,628 principal & interest, $140 property tax, and $135 homeowners insurance.
How much income do I need to buy a house in Delaware?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $81,557 to comfortably afford Delaware's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $53,107 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Delaware a good state to buy a house?
Delaware's combination of 0.55% property tax (well below the national average of ~1.0%) and median home value of $305,900 place it in the mid-range of state housing markets nationally. Delaware has below-average property tax rates and no state sales tax.
How does Delaware property tax compare to neighboring states?
Delaware's 0.55% rate compares to: Maryland at 0.99%, Pennsylvania at 1.43%, New Jersey at 2.26%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Delaware have a homestead exemption?
Delaware offers various property tax relief programs. Delaware has below-average property tax rates and no state sales tax. Senior school property tax credit available for residents 65+. Realty transfer tax is 4% (highest in US) — typically split 50/50 between buyer and seller. Check with your county assessor for primary-residence exemptions and senior/disabled programs that may reduce your annual property tax bill.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Delaware mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,628, Property Tax $140, Homeowners Insurance $135. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.