Delaware targets smart growth, housing affordability in 2025-2026
Driving economic growth
Delaware's economic development strategy for 2025-2026 emphasizes strategic investments and innovation. The state's FY 2026 budget allocates over $60 million for economic development, including funds for business expansion and site preparation. Agilent Technologies is expanding its lab presence in New Castle County, and Siemens Healthineers is investing in a new diagnostics facility.
Housing market trends
Delaware's housing market is stabilizing with modest price appreciation. The median home sale price reached $475,000 in April 2026, a 3.26% increase year-over-year. Inventory has improved slightly, and homes are selling in a median of 45 days.
Migration patterns
Delaware experienced a net gain of 9,885 residents in 2023, primarily from domestic migration. The state's lack of sales tax and proximity to cities like Philadelphia and Baltimore attract new residents. Middletown, Wilmington, and Dover are key areas for population influx.
Policy and business challenges
Inflation remains a top concern for small business owners in Delaware entering 2026. Rising taxes and the impact of tariffs are also cited as challenges. The state's declining labor force participation rate, partly due to an aging workforce, presents a long-term demographic challenge.
Key facts
- Delaware's FY 2026 budget proposal includes $7 billion in planned spending.
- The median home sale price in Delaware was $475,000 in April 2026.
- Delaware saw a net gain of 9,885 residents in 2023.
- Agilent Technologies is expanding its lab presence in New Castle County (July 2025).
- Siemens Healthineers is investing in a new diagnostics facility in Delaware (July 2025).