The story of this market
The typical home in ZIP 19940 sells for about $250,000, or $175 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 55 days to sell. HUD's fair market rent for a two-bedroom is $1,037 a month.
ZIP 19940 — Delmar
The housing market in 19940 remains stable with modest year-over-year price growth and balanced inventory levels. Demand is supported by local families and commuters seeking affordability, though limited new construction keeps the market tight.
This ZIP is well-suited for families and those seeking a quiet, slower-paced lifestyle with affordable housing options compared to larger regional employment hubs.
Median prices moved up 2.4% year over year.
Homes spend a median of 55 days on market with 3.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 14.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 19940, Delaware
The area is served by the Delmar School District, which provides local public education options for residents.
The region is subject to standard coastal Delaware flood and wind risk profiles; property insurance availability remains stable but sensitive to regional weather patterns.
Development is characterized by a mix of established residential properties and newer construction, with proximity to US-13 serving as a primary transit and economic corridor.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Delaware) — Agricultural Lands Preservation and Farmland Assessment Act Exemption: Qualifying land is valued based on its agricultural use productivity capability rather than fair market value, substantially reducing the taxable assessed baseline. State (Delaware) — Senior School Property Tax Credit and Elderly/Disability Exemption Framework: Provides a partial credit/exemption against property taxes. Under the Senior School Property Tax Credit (14 Del. C. § 1919), qualifying seniors receive a tax credit up to 50% of the school property tax up to a statutory dollar cap (e.g., $500 max). At the county level (e.g. State (Delaware) — County Assessment Ratio and Ad Valorem Property Taxation Structure: Delaware levies property taxes at county, municipal, and school district levels (the state itself levies no state-level property tax).
Residents primarily rely on personal vehicles for commuting, with US-13 providing the main north-south artery for regional travel.
The area offers a quiet, rural-suburban atmosphere with access to local parks and essential services within the Delmar town limits.
The rental market is characterized by steady demand for single-family homes, with limited multi-family inventory and moderate vacancy pressure.
The local economy is driven by agriculture, retail, and services, with many residents commuting to larger employment centers in the Delmarva region.
Development is primarily focused on small-scale residential infill and local commercial improvements along the US-13 corridor.
Parcels are subject to Sussex County property taxes and the Delmar School District levy.
Property insurance premiums are influenced by regional coastal hazard exposure and standard Delaware market conditions.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Altitude Trampoline Park - Delmar4.41.9 mi
- CoCo's Funhouse4.77.4 mi
- Trap Pond State Park4.75.7 mi
- Sports at the Beach3.619.3 mi
- Arthur W Perdue Stadium4.67.4 mi
- Brew River Seafood House and Dock Bar4.17.9 mi
- Heritage Shores4.416.9 mi
- Salisbury Zoological Park4.57.9 mi
- Regal Salisbury4.35.3 mi
- Altitude Trampoline Park - Delmar4.41.9 mi
- Pemberton Historical Park4.79.9 mi
- WinterPlace Park & Equestrian Center4.67.2 mi
- Trap Pond State Park4.75.7 mi
- Pemberton Historical Park4.79.9 mi
- WinterPlace Park & Equestrian Center4.67.2 mi
- Salisbury City Park4.67.7 mi
- Schumaker Park4.58.7 mi
- Nutter's Crossing Golf Course4.410.4 mi
- Green Hill Country Club4.512.8 mi
- Hooper's Landing Golf Course4.312.2 mi
- The Centre At Salisbury4.15.2 mi
- Boscov's4.55.1 mi
- ACME Markets4.28.5 mi
- Marshalls4.34.2 mi
- Kohl's4.33.7 mi
- Salisbury Regional Airport4.39.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park providing green space and recreational facilities.
Primary commercial strip featuring local dining and essential retail services.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.