Income needed to buy a home
Kent County, DE
$119,356
a year in household income to buy the typical Kent County home with 10% down.
The monthly math
Typical home value$372,916
Down payment (10%)$37,292
Loan$335,624
Principal and interest (7.40%)$2,324/mo
Property tax (0.43% a year)$135/mo
Homeowners insurance (estimate)$186/mo
Mortgage insurance$140/mo
Total monthly cost$2,785/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Far off
The typical household here earns $74,477 a year, 62% of what it takes.
In Delaware
Kent County ranks #1 of 3 for the income a home takes, from least to most.
Easiest to afford in Delaware
| County | Typical home | Income needed |
|---|---|---|
| New Castle County | $367,612 | $121,413 |
| Sussex County | $484,777 | $152,942 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.