Median price for residential apartments in Bethany Beach, DE as of Oct, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
29 Bethany Beach, DE, USA apartments for sale
Bethany Beach
According to statistics, the population in Bethany Beach, DE amounts to 1,010, which shows growth 16% compared to the previous year. The median age of the city’s residents is 66. The average household income is $78,889, shifting growth 8% from the past year, and the average property value in Bethany Beach, DE growth 4% to $495,500 throughout the year.
| Population | 1,010 |
| Median Age | 65.9 |
| Poverty Rate | 2% |
| Household Income | $78,889 |
| Number Of Employees | 334 |
| Median Property Value | $495,500 |
Household Income
The average household income in Bethany Beach, DE grew from $73,088 to $78,889 in the past year. This data is an estimate based upon 506 households in Bethany Beach, DE . The chart below presents how household income is distributed in Bethany Beach, DE in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Bethany Beach, DE shifted from $477,900 to $495,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Bethany Beach, DE in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Bethany Beach, DE properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Bethany Beach, DE compared to median property taxes around the country. The prevalent amount of property taxes in Bethany Beach, DE equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Bethany Beach, DE, USA
Average apartment sale in Bethany Beach: $884,755 (-31%)
| Apartment Size | Oct | vs Last Month |
|---|---|---|
| Studio apartments | $750,000 | +0% |
| 1-bed apartments | $481,500 | +25.1% |
| 2-bed apartments | $430,000 | -27.2% |
| 3-bed apartments | $534,800 | -39.5% |
| 4+ bed apartments | $1,164,024 | -28.4% |
During Oct 2022, the average price for an apartment in/near Bethany Beach, DE decreased by 31% to $884,755.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 25.1% to $481,500. Asking price for 2-bed apartment also decreased by 27.2% and a place of this size will now cost you $430,000. A 3-bed apartment goes for $534,800, it decreased by 39.5% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 28.4% and made it down to $1,164,024.
| Listing Type | Oct | vs Last Month |
|---|---|---|
| Condos for sale | $778,780 | +7.2% |
| Houses for sale | $1,056,716 | -47.7% |
| Lofts for sale | $557,450 | -58.6% |
| Apartments for sale | $564,000 | -43.6% |
| Townhouses for sale | $587,000 | +37.5% |
| Land for sale | $750,000 | N/A |
The average cost of an apartment in Bethany Beach, DE decreased by 43.6% to $564,000. Price reports demonstrate that house price decreased by 47.7% this month making it up to $1,056,716. Condos are really in demand in this season. The median price for a condo increased by 7.2%, it’s now available for $778,780. The price dynamics of lofts changed, it decreased by 58.6%, the price tag now starts at $557,450. The property value of townhouses increased by 37.5%, you’ll have to spend around $587,000 to get one.