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New Castle County, DE

RANK #595 / 1001 NAT  ·  POP 577,961

1YR FORECAST: +1.2%

5YR OUTLOOK: +27%

New Castle County's housing market is projected to grow +1.2% over the next year, below the national average.

[01] Why New Castle County?

The historic town of New Castle, with its cobblestone streets and colonial architecture, offers a glimpse into Delaware's past, having served as the colonial capital. Located in northern Delaware, New Castle County sits about an hour's drive from both Philadelphia and Baltimore, making it a commuter-friendly area. The county features a varied landscape, from the rolling hills of the Brandywine Valley in the north to active farms and marshland in the south. This blend of historical charm and natural scenery contributes to a community feel that balances suburban tranquility with access to urban amenities.

Life in New Castle County attracts a mix of families, professionals, and those seeking a quieter lifestyle with access to larger cities. The public schools in New Castle County are highly rated, with options including the Appoquinimink School District and Newark Charter School. Commute options include direct access to I-95, Amtrak service, and local DART bus routes. The economy is diverse, with a focus on innovation, entrepreneurship, and established industries such as life sciences and financial services. Recent economic developments include new housing and retail projects, particularly in Wilmington and Middletown, and significant investment in data centers.

MARKET PROFILE

Educated Suburban Growth

New Castle County is one of 110 U.S. counties in this market profile — near the profile average on the BoomTown Index. Within this cohort, its recent home-price change of +3.1% runs above the profile's typical +2.4%.

See all 110 Educated Suburban Growth counties →

[02] Market Snapshot

Housing Ratio
8.0x

Overvalued relative to economy

Home Prices
+3.1%

Outpacing national median

Climate & Terrain
0.0

Moderate climate & terrain

Price/Rent
15x

Below national median (15x)

Housing looks overvalued at 8.0x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    ChristianaCare Healthcare
    10,000+
  2. 2
    Bank of America Finance
    5,000+
  3. 3
    JPMorgan Chase Finance
  4. 4
    University of Delaware Education
    2,500+
  5. 5
    DuPont Manufacturing
  6. 6
    AstraZeneca Healthcare
  7. 7
    Highmark Blue Cross Blue Shield Delaware Healthcare
    1,000+
  8. 8
    Wilmington University Education
  9. 9
    Amazon Logistics
  10. 10
    PepsiCo Manufacturing
    500+

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

New Castle County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
577,961
+0.86% YoY
Median Household Income
$91,166
Median Home Value
$352,200
+3.06% 12mo
Median Rent
$1,448
Average Annual Pay
$83,565
+4.0% YoY
Employment
305,857
+0.7% YoY
Income-to-Home-Value
0.2588
More affordable than average
Migration Inflow
0.77%
of pop. from another state
Bachelor's Degree+
39.7%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$389,900
Days on Market
30
Active market
Months of Supply
2.1
Seller's market
Sale-to-List Ratio
99.8%
Near asking price
Sold Above List
35.8%
Listings w/ Price Drops
29.5%
Building Permits (2025)
1,322
Single-Family Permits
1,128

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
8.9
per 100K · nat avg 6.3
Firearm Fatalities
13.3
per 100K · nat avg 14.8
Injury Deaths
99.8
per 100K · nat avg 76.3
vs National Average
Above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
49.0
Good
Good Air Days
53%
576 of 1,095 days
Unhealthy+ Days (3yr)
12
Includes 2 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
48
2022
48
2023
51
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$9,890M
TOTAL
PROJECT AMOUNT STATUS
Project Washington Data Center Campus
Starwood Digital Ventures LLC
$9,700M Proposed
Amazon Fulfillment Center (ILG1)
Amazon
$50M Operating
Fulex 3PL New Castle Fulfillment Center
Fulex 3PL
$50M Operating
Southern New Castle County Master Plan (Infrastructure & Development)
New Castle County, WILMAPCO, DelDOT
$50M Planned
UPS High-Speed Package Sortation Center
UPS
$40M Completed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

Population Growth +0.9% 61 percentile
Income Growth +1.4% 21 percentile
Vacancy Rate 1.0% 49 percentile
Home Price Change +3.1% 68 percentile
Rent Growth +4.1% 70 percentile
Price/Rent 15x 50 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

Is New Castle County, DE a good place to move to?

New Castle County scores 40/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#595). Median household income is $91,166 and job growth is running at +0.7%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is New Castle County affordable?

Housing in New Castle County is roughly in line with national affordability norms. The median home costs $352,200 and the income-to-home-value ratio sits at 0.26, with rents averaging $1,448/month. Not a bargain, but not a stretch for most local earners either.

Is New Castle County growing or shrinking?

New Castle County's population is growing — up +0.9% YoY — while the job market is roughly flat (employment change of +0.7%). Home values shifted +3.1% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are many people relocating to New Castle County?

Not particularly — 0.77% of New Castle County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

Kent County, DE 29 Sussex County, DE 76 Ramsey County, MN 40 Douglas County, NE 39 Jefferson Parish, LA 41 Fayette County, KY 41 Volusia County, FL 42 Plymouth County, MA 38