The story of this market
The typical home in ZIP 19945 sells for about $450,000, or $237 per square foot.
Prices are down 41% from a year ago, which gives buyers more room to negotiate. Homes take about 69 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,148 a month.
ZIP 19945 — Frankford
The 19945 housing market is currently experiencing a correction in median sale prices following a period of rapid growth, with a year-over-year decline of 41%. Despite this, the market remains somewhat competitive with a 69-day median time on market, driven by steady demand for residential properties in the Frankford area. Inventory levels are moderate, and the market is stabilizing as buyers and sellers adjust to current interest rate environments.
This area is well-suited for families and retirees seeking a balance between coastal access and more affordable inland housing compared to direct beach-front communities.
Median prices moved down 41.0% year over year.
Homes spend a median of 69 days on market with 8.8 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 97.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.7% · poverty 12.5% — 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 7.0%/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 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 19945, Sussex County DE
Schools serving the area are part of the Indian River School District, which generally maintains a stable reputation within the Sussex County region.
The area is subject to coastal flood risks and wind exposure typical of the Delaware inland bays region, necessitating standard flood insurance coverage.
Development is driven by residential expansion and proximity to coastal resort areas, with ongoing construction of new subdivisions like Milos Haven.
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).
Commutes are primarily car-dependent, with residents traveling toward coastal employment hubs or inland toward Georgetown and Salisbury via local state routes.
The area offers proximity to the Delaware beaches, local golf courses, and various parks and trails within the Baltimore and Dagsboro Hundreds.
The rental market is influenced by seasonal demand from the nearby coast, with steady pressure on inventory and rising asking rents.
The local economy is heavily supported by tourism, hospitality, and the service industry, with significant growth in residential construction.
Transportation is primarily served by state highway corridors; public transit options are limited, making personal vehicle ownership essential.
Ongoing residential development is concentrated in new subdivisions, with local planning focused on managing growth in the Baltimore Hundred area.
Sussex County utilizes a periodic assessment system for property tax valuation.
Parcels are subject to Indian River School District taxes and various local utility and fire district assessments.
Property insurance premiums are influenced by coastal hazard zones and the requirement for flood insurance in low-lying areas.
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.
- Jolly Roger Amusement Park4.312.2 mi
- Funland4.614.7 mi
- Sun Outdoors Frontier Town Western Theme Park4.415.6 mi
- Jungle Jim's4.514 mi
- Sun Outdoors Frontier Town4.415.7 mi
- Cape Henlopen State Park4.818.7 mi
- Seacrets4.411.4 mi
- Ocean Downs Casino411.4 mi
- Princess Royale Oceanfront Resort4.310 mi
- Trap Pond State Park4.716.4 mi
- Bethany Beach Boardwalk4.76.8 mi
- Ocean City, Maryland Visitor Center4.611.8 mi
- Fenwick Island State Park4.77.6 mi
- Northside Park4.88.7 mi
- Delaware Seashore State Park4.68.7 mi
- Ripley's Believe It or Not!4.414 mi
- The Brush Factory on Kings4.617 mi
- Ocean City Life-Saving Museum4.614.1 mi
- Fort Miles Historical Area4.718.6 mi
- New Friends of the Fenwick Island Lighthouse4.38.1 mi
- Fenwick Island State Park4.77.6 mi
- Northside Park4.88.7 mi
- Delaware Seashore State Park4.68.7 mi
- Holts Landing State Park4.65.6 mi
- Delaware Botanic Gardens at Pepper Creek4.83.9 mi
- Harpoon Hanna's4.37.7 mi
- Bahia Marina at Fish Tales4.612.7 mi
- Ocean Pines Yacht Club4.39.4 mi
- Sunset Marina4.713.7 mi
- Indian River Marina4.78.7 mi
- Bear Trap Dunes Golf Club4.44 mi
- Bayside Resort Golf Club4.45.1 mi
- Links At Lighthouse Sound4.48.4 mi
- Plantation Lakes Golf & Country Club4.58.9 mi
- Baywood Greens Golf Course and Clubhouse4.78.8 mi
- Harris Teeter4.54.8 mi
- ACME Markets4.19.7 mi
- Outlets Ocean City4.313 mi
- Parsons Farms Produce4.82.8 mi
- T.J. Maxx4.29.3 mi
- Salisbury Regional Airport4.321.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Nearby coastal destination offering beaches and boardwalk access.
Public golf course located in the vicinity of Frankford.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.