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New Castle County, DE

RANK #811 / 996 NAT  ·  POP 570,567

1YR FORECAST: +0.8%

5YR OUTLOOK: +15%

Our model projects New Castle County's housing market at +0.8% over the next year, underperforming most U.S. counties.

[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.

[02] Market Snapshot

Housing Ratio
3.0x

Undervalued relative to economy

GDP Growth
+3.0%

Above national median

Home Prices
+3.1%

Outpacing national median

Climate & Terrain
0.0

Moderate climate & terrain

Price/Rent
14x

Above national median (13x)

Housing looks undervalued at 3.0x — home prices are low 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

The Numbers

DEMOGRAPHICS
Population
570,567
+0.49% YoY
Median Household Income
$85,309
Median Home Value
$312,000
+3.08% 12mo
Median Rent
$1,327
Average Annual Pay
$80,334
+4.1% YoY
Employment
303,806
+1.2% YoY
Income-to-Home-Value
0.2734
More affordable than average
Migration Inflow
0.75%
of pop. from another state
Bachelor's Degree+
38.3%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$361,500
Days on Market
42
Moderate pace
Months of Supply
3.0
Balanced market
Sale-to-List Ratio
98.5%
Near asking price
Sold Above List
27.7%
Listings w/ Price Drops
21.1%
Building Permits (2024)
1,586
Single-Family Permits
1,364

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

GDP Growth +3.0% 56 percentile
Population Growth +0.5% 52 percentile
Income Growth +8.8% 57 percentile
Vacancy Rate 1.1% 48 percentile
Home Price Change +3.1% 72 percentile
Rent Growth +4.1% 69 percentile
Price/Rent 14x 44 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

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

The data is not encouraging — New Castle County scores just 18/100 on the Boom Town Index, ranking #811 of 996 counties. Job growth at +1.2% and median household income of $85,309 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is New Castle County affordable?

Housing in New Castle County is roughly in line with national affordability norms. The median home costs $312,000 and the income-to-home-value ratio sits at 0.27, with rents averaging $1,327/month. Not a bargain, but not a stretch for most local earners either.

Is New Castle County growing or shrinking?

Employers in New Castle County are hiring — job growth of +1.2% — but the population is close to flat (+0.5% YoY). Home values moved +3.1% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are many people relocating to New Castle County?

Not particularly — 0.75% 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 26 Sussex County, DE 5 Marion County, FL 18 Baltimore city, MD 17 Bucks County, PA 17 Jefferson County, AL 19 Albany County, NY 19 Cumberland County, ME 19