Lewes October First-Time Homebuyer Report

Lewes is a small city in Delaware with a median income of $55,947 per household. On top of being affluent, it also ranks as the fifth-youngest with a median age of 62 years. Detached homes account for 86% of the area's current housing market. Leading the list of best schools in the city are Shields Elementary School, Beacon Middle School, and Cape Henlopen High School.

Price Range

Lewes has some of the more expensive homes in the state with a median home value of $349,200 and a current average list price of $553,159. The Lewes market is experiencing a determined pullback but sales stood their ground this week at one home sold over the last 30 days.

Curious as to which homes have been getting the most attention in Lewes? These listings have stirred up interest and produced the most views:

$739K   $689K   $655K  

Typical Dwelling

A four-bedroom detached home valued around $726,625 is considered a typical dwelling in Lewes. If a buyer was looking for a similar home, they would need good credit and a $145,325 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $4,430 and the property tax rate is $4.43 per $1,000 of taxable assessed value.

Get started right now by checking out Lewes homes for sale or reviewing Lewes real estate trends.


Data reported through 10/13/2016

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