Mortgage payment estimates, closing cost breakdowns, and homebuying data for Lewes, Delaware.
Pre-filled with Lewes median home price and Delaware tax/insurance rates. Adjust for your property.
Estimated closing costs based on Delaware rates and fees applied to Lewes prices.
The median home price in Lewes is $485,000, 37% above the Delaware state median of $355,000. With a population of 3,266, Lewes is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Delaware average 0.56% annually. This low property tax rate is a significant advantage for Lewes buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Delaware runs approximately $1,300 per year. This is within the normal range nationally.
Average rent in Lewes is $1,720/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Lewes is a higher-cost market. At $485K median, buyers need significant savings or strong income. Down payment assistance through Delaware's DSHA Homeownership Loan program becomes especially important.