With a 6.6% top income tax rate and 0.53% property tax, Delaware homeowners face a moderate combined tax burden. This calculator is pre-filled with Delaware numbers: $350,000 median price, 0.53% property tax, $1,050/year insurance.
Last updated: March 13, 2026
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Monthly Payment (Delaware)$0
Loan Details — Delaware
Delaware median: $350,000
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Below 20% triggers PMI on conventional loans
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Average 30-year fixed ~6.75% (March 2026)
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Delaware average: 0.53%
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Delaware average: $1,050/yr
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Property Tax
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Delaware Metro Area Home Prices
Click a metro to load its median price into the calculator above.
Yearly Amortization Schedule+
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Delaware's Tax Landscape and Your Mortgage
Delaware uses a progressive income tax with a top rate of 6.6%. A household earning $150,000 pays an estimated $6,435-$8,415 in state income tax, depending on filing status and deductions. That's $619/month less available for housing costs.
At the state's median home price of $350,000, the $0.53% property tax rate adds $155/month to your mortgage payment. That's $1,855/year — below the national median of ~1.1%.
Property Taxes Across Delaware
The 0.53% statewide average masks significant variation. Low property tax rates compared to neighboring NJ, PA, MD
Price ranges across the state: Wilmington has a median of $340,000, while Dover sits at $290,000 — a $50,000 gap that dramatically changes your monthly payment. At $0.53% property tax, that price difference alone means $22/month more in property tax in Wilmington.
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Homebuyer Programs and Exemptions
Delaware offers several programs for homebuyers:
DSHA Homeownership Loan program with competitive rates
Preferred Plus down payment/closing cost assistance
Homestead exemption: School property tax credit of up to $400/year for seniors 65+
Delaware-Specific Considerations
No state sales tax — one of 5 states
Low property tax rates compared to neighboring NJ, PA, MD
Transfer tax of 4% on real estate (split buyer/seller) is among the highest in the nation
Popular retirement destination due to tax-friendly pension/Social Security treatment
Wilmington levies a city wage tax of 1.25% on residents — the only significant local income tax in Delaware
Compare Delaware Mortgage Rates
See personalized rates from Delaware lenders. LendingTree matches you with up to 5 offers so you can compare and save.
0.39% property tax, 5% top rate. Median home: $232,500.
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1.04% property tax, no income tax. Median home: $340,000.
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0.62% property tax, 2.5% top rate. Median home: $395,000.
Frequently Asked Questions
What is the average property tax rate in Delaware?
The average effective property tax rate in Delaware is 0.53%. On a $350,000 home (the state median), that works out to approximately $1,855/year or $155/month added to your mortgage payment. Property tax rates vary by county and school district within Delaware — always check your specific jurisdiction's rate. Homestead exemption: School property tax credit of up to $400/year for seniors 65+
How much does homeowners insurance cost in Delaware?
The average annual homeowners insurance premium in Delaware is approximately $1,050 ($88/month). This is below the national average of approximately $1,500/year. Actual premiums depend on your home's location, age, construction type, and coverage limits.
What first-time homebuyer programs are available in Delaware?
DSHA Homeownership Loan program with competitive rates. Preferred Plus down payment/closing cost assistance. These programs typically have income limits, purchase price caps, and may require homebuyer education courses. Check the Delaware housing finance agency website for current eligibility requirements and application deadlines.
How does Delaware's 6.6% income tax affect home affordability?
Delaware's top income tax rate of 6.6% reduces your take-home pay, which affects how much mortgage you can comfortably carry. On a $150,000 salary, state income tax takes roughly $6,435-$8,415/year (effective rate is lower than the top marginal rate). The tradeoff: Delaware's relatively low 0.53% property tax rate keeps the housing-specific portion of your tax burden lower. Use our paycheck calculator to see your exact take-home pay.
What is the conforming loan limit in Delaware?
The 2026 conforming loan limit in Delaware is $806,500. Loans above this amount are considered jumbo loans and typically carry higher interest rates (0.25-0.5% premium), require larger down payments (10-20%), and have stricter qualification requirements including higher credit scores (700+) and lower debt-to-income ratios.
This calculator is for educational purposes. Tax rates and insurance costs are based on Delaware state averages and may not reflect your specific county, school district, or municipality. Consult a financial professional for advice specific to your situation.