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Lewes vs Seaford:
Housing Costs in Delaware

Side-by-side comparison of home prices, mortgage payments, and housing costs between Lewes and Seaford, Delaware. Using Delaware's 0.56% property tax rate and $1,300/year insurance. Updated for 2026.

MetricLewesSeaford
Median Home Price$485K$235K
Population3,2668,256
Average Rent$1,720/mo$1,080/mo
Est. Monthly Mortgage (P&I)$2,759/mo$1,337/mo
Est. Monthly Property Tax$226/mo$110/mo
Est. Monthly Insurance$108/mo$108/mo
Est. Total PITI$3,276/mo$1,643/mo
Price-to-Rent Ratio23.518.1
Verdict

Seaford is significantly more affordable than Lewes, with homes priced 52% lower on average. That translates to $1,633/month in savings on your total housing payment. For budget-conscious buyers in Delaware, Seaford offers a much more accessible path to homeownership.

Monthly Payment Comparison

Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI. Uses Delaware's 0.56% property tax rate.

Lewes
Home Price$485,000
Down Payment (10%)$48,500
Loan Amount$436,500
Monthly P&I$2,759
Monthly Property Tax$226
Monthly Insurance$108
Monthly PMI$182
Total PITI$3,276/mo
Annual property tax: $2,716
Seaford
Home Price$235,000
Down Payment (10%)$23,500
Loan Amount$211,500
Monthly P&I$1,337
Monthly Property Tax$110
Monthly Insurance$108
Monthly PMI$88
Total PITI$1,643/mo
Annual property tax: $1,316

Buying in Seaford saves you approximately $1,633/month ($19,596/year) compared to Lewes, based on median home prices with identical loan terms.

Which City Is Better For...

First-Time Buyers

Seaford is the better choice for first-time buyers, with a median price of $235K versus $485K in Lewes. That's $250K less to save for a down payment. You'd need roughly $8K for an FHA 3.5% down payment in Seaford, compared to $17K in Lewes. Delaware offers the DSHA Homeownership Loan program (Up to 5% Preferred Plus) which applies in both cities.

Real Estate Investment

Seaford has the better price-to-rent ratio at 18.1x versus 23.5x in Lewes. A lower ratio generally signals better rental income relative to purchase price. Average rent in Seaford is $1,080/month on a $235K median home, making it a stronger candidate for buy-and-rent investors.

Families

Seaford (pop. 8,256) offers more amenities, schools, and services typical of a larger city, while Lewes (pop. 3,266) may offer a quieter, more community-oriented lifestyle. Seaford offers both more options and lower housing costs, making it attractive for families who want urban amenities without a premium price.

Income Needed to Afford the Median Home

Lewes
$140K
annual household income
Based on $3,276/mo PITI at 28% DTI
Seaford
$70K
annual household income
Based on $1,643/mo PITI at 28% DTI

Other Cities in Delaware

Wilmington$285K
Pop. 70,898 · Rent $1,350/mo
Dover$265K
Pop. 39,403 · Rent $1,250/mo
Newark$320K
Pop. 33,398 · Rent $1,420/mo
Middletown$375K
Pop. 22,350 · Rent $1,550/mo
Bear$310K
Pop. 21,298 · Rent $1,380/mo
Smyrna$295K
Pop. 12,883 · Rent $1,320/mo
Milford$275K
Pop. 11,732 · Rent $1,250/mo
Georgetown$265K
Pop. 7,436 · Rent $1,150/mo

Explore Delaware

Delaware Mortgage Guide$355K median →
0.56% tax · $12K closing · $1,300/yr insurance
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