Fenwick Island: Housing & Real Estate
Fenwick Island homes sell at a median $1,394,700 (estimated market value runs 10% higher at $1,538,794), with median rent $1,438 (1.2× higher than Sussex County median $1,238; about the same as Delaware median $1,401). Homeownership rate: 94.6%. That's 3.6× higher than the Sussex County median ($382,600); 4.0× higher than the Delaware median ($352,000). Market is warm. Vacancy rate 72.4%. New construction makes up 12.3% of stock. A municipal building code is in effect.
- 12.3× annual income — home value vs. household income (vs Delaware 3.8×).
- 80.8 years to break even renting at the median (vs Delaware 18y).
- 4-BR rent is 2.1× a studio — rent gradient by unit size.
Home Values & Rent
Median home value $1,394,700 — 4.8× the Delaware median ($291,400). Median rent $1,438/month. homeownership rate 94.6% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 12.3× |
|---|---|
| Affordability · Home Affordability | very expensive |
| Affordability · Rent Pct Income | 15.3% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 40.0% |
| Affordability · Poverty Rate | 3.0% |
| Affordability · Property Tax Pct Income | 2.2% |
| Fair Market Rent · Studio rent | $1,059 (vs Delaware $1,397) |
| Fair Market Rent · One-bedroom rent | $1,066 (vs Delaware $1,520) |
| Fair Market Rent · Two-bedroom rent | $1,399 (vs Delaware $1,810) |
| Fair Market Rent · Three-bedroom rent | $1,757 (vs Delaware $2,170) |
| Fair Market Rent · Four-bedroom rent | $2,172 (vs Delaware $2,423) |
| Fair Market Rent · HUD FMR area | Sussex County, DE |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $1,538,794 |
| Median Home Value | $1,394,700 (vs Delaware $291,400) |
| Median Rent | $1,438 (vs Delaware $1,344) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 72.4% |
| Housing Market · New construction (% of stock) | 12.3% |
| Housing Market · Price Appreciation 2Yr | 4.3% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Facilities (8)
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Delaware median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Delaware median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Delaware median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 33.6% (vs Delaware 82.0%) |
| Broadband · Broadband-capable premises | 780 |
| Electricity · Electricity rate (¢/kWh) | 16.57¢/kWh |
| Electricity · Customers | 473508 |
| Electricity · Revenue Millions | $857 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 0.692307692 (vs Delaware 100.0%) |
| Mobile Broadband · 5G mobile coverage | 0.692307692 (vs Delaware 100.0%) |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · Refreshed 2026-04-12
Charging & Mobility
| Ev Charging · Stations | 1 |
|---|---|
| Ev Charging · Public Stations | 1 |
| Ev Charging · L2 Ports | 2 |
Sources: DOE AFDC API
Other
| Homeownership Rate | 94.6% (vs Delaware 61.8%) |
|---|---|
| Median Year Built | 1987 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12