Income needed to buy a home
Sussex County, DE
$152,942
a year in household income to buy the typical Sussex County home with 10% down.
The monthly math
Typical home value$484,777
Down payment (10%)$48,478
Loan$436,299
Principal and interest (7.40%)$3,021/mo
Property tax (0.31% a year)$124/mo
Homeowners insurance (estimate)$242/mo
Mortgage insurance$182/mo
Total monthly cost$3,569/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 $81,497 a year, 53% of what it takes.
In Delaware
Sussex County ranks #3 of 3 for the income a home takes, from least to most.
Easiest to afford in Delaware
| County | Typical home | Income needed |
|---|---|---|
| Kent County | $372,916 | $119,356 |
| New Castle County | $367,612 | $121,413 |
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.