Sussex County Real Estate and Livability Trends
Sussex County, Delaware has shown a remarkable increase in taxable income, ballooning from $53,389.41 in 2013 to $88,338.13 in 2021, indicating a stronger local economy and affluence. Median home values jumped from $228,500 in 2015 to $324,400 in 2022, outpacing both state and national averages. Real estate taxes rose, peaking at $3,510.55 in 2020, which may reflect the county's growing appeal.... Read more
Sussex County Market Trends
The median home value in Sussex County, Delaware increased significantly from $228,500 in 2015 to $324,400 in 2022, surpassing the state median of $305,200 and the national median of $179,400. Average residential energy tax credits per tax return spiked to $3,756.52 in 2018 before dropping back to $1,563.89 in 2021, suggesting peaks in energy-efficient investments. Real estate taxes in the county... Read more
Median Value of Occupied Housing Units in Sussex County, Delaware Over the Last 8 Years
The median home value in Sussex County, Delaware has experienced consistent growth over the past eight years, reaching $324,400 in 2022 from $228,500 in 2015. This trajectory suggests a favorable environment for property investment, outpacing the state's overall median, which was $305,200 in 2022. Compared to the national median value of $179,400 in the same year, Sussex County offers a more upscale market, appealing to those seeking higher-value properties. Such comparative insights are crucial for investors, potential homebuyers, and developers considering this region, highlighting its relative economic strength and attractiveness in Delaware's real estate landscape.
Residential Energy Tax Credit Per Tax Return in Sussex County, DE Over the Last 9 Years
Sussex County, Delaware, has seen notable fluctuations in average residential energy tax credits per tax return over the last nine years. Starting at $947.74 in 2013, there was a steady increase reaching $1,910.95 by 2017 and peaking significantly at $3,756.52 in 2018. Post-2018, the values saw a decline, ending at $1,563.89 by 2021. Such trends indicate periods of heightened investment in energy-efficient home improvements, which could signal opportune moments for property investments or construction projects focusing on sustainability.
Average Real Estate Taxes Per Tax Return in Sussex County, DE Over the Last 10 Years
Over the past decade, average real estate taxes in Sussex County, Delaware have generally climbed, starting from $1,841.02 in 2012 and peaking at $3,510.55 in 2020 before a slight dip in 2021 to $3,479.25. This upward trend could reflect rising property values and increased county expenditures, which may interest potential investors and homeowners in gauging long-term tax implications. Notably, the substantial jump between 2017 and 2018, where taxes increased from $2,402.11 to $3,056.76, suggests a significant change in the financial landscape of the county that might warrant further investigation for those considering property investment or development.
Percentage of Farm Returns in Sussex County, DE Over the Last 10 Years
The percentage of farm tax returns in Sussex County, Delaware has shown a gradual decline over the past decade, dropping from approximately 1.00% in 2012 to around 0.66% in 2021. Farm tax returns represent the filings by agricultural businesses, which are essential in depicting the economic health and activity within the farming sector. This steady decrease might suggest a shift away from farming activities, potentially impacting local investment opportunities, real estate development, and overall economic growth in the area. Those considering investing in, moving to, or building property in Sussex County might want to take this trend into account, as it could signal changes in land use and economic priorities.
Number of Mortgages by Occupancy Type in Sussex County, DE Over the Last 5 Years in Sussex County
Over the last five years, Sussex County, Delaware, has seen fluctuating mortgage counts across different occupancy types. Notably, principal residences consistently dominate the mortgage landscape, potentially indicating strong demand for primary homes. However, there was a significant dip in principal residence mortgages in 2022 compared to the previous years. In contrast, investment property mortgages remained relatively stable but lower in volume, suggesting a cautiously optimistic investor sentiment. The market for second residences also experienced volatility, peaking in 2020 and then halving by 2022. Shifts in occupancy type trends can provide insights for investors, indicating possible housing market stability and risk levels, and influencing mortgage rates and property values for appraisers and insurance agents.
Economic Outlook
Sussex County, Delaware has experienced a notable rise in average taxable income per tax return, growing from $53,389.41 in 2013 to $88,338.13 in 2021, suggesting economic strength and rising affluence in the area. The county's average state and local income taxes per tax return have also seen a consistent upward trend, increasing from $5,262.63 in 2012 to $15,121.52 by 2021, signaling an increased tax burden for residents. Additionally, the average total tax liability per tax return climbed... Read more
Average Taxable Income per Tax Return in Sussex County, DE over the last 9 years
Sussex County, DE has seen a consistent rise in average taxable income per tax return over the past nine years, growing from $53,389.41 in 2013 to $88,338.13 in 2021. This steady increase highlights a robust local economy and growing affluence, making the area increasingly attractive for investors, new residents, and property developers. The substantial jump in 2021 signals potential economic resilience or significant demographic shifts, worth noting for anyone eyeing the region.
Average State and Local Income Taxes Per Tax Return in Sussex County, DE Over the Last 10 Years
Over the last decade, Sussex County, DE has seen a significant increase in average state and local income taxes per tax return. Starting at $5262.63 in 2012, these taxes steadily rose each year, culminating in $15121.52 by 2021. This consistent upward trend highlights a substantial rise in tax burden for residents, which is crucial for potential movers or current residents to consider in their financial planning.
Average Total Tax Liability Per Tax Return in Sussex County, DE Over the Last 10 Years
Over the past decade, Sussex County, Delaware has seen a steady increase in the average total tax liability per tax return. Starting at $8,560.16 in 2012, it rose to $15,140.58 by 2021, reflecting economic growth and possibly higher earnings among residents. These trends suggest a stronger local economy, which may attract new investments and property development.
Cost of Living in Sussex County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,443 | $1,580 | $2,118 | $1,273 | $1,522 |
| 1 adult 4 children | $1,443 | $1,291 | $1,621 | $1,273 | $1,686 |
| 2 adults 3 children | $1,443 | $1,291 | $1,837 | $1,273 | $1,258 |
| 1 adult 3 children | $1,443 | $1,054 | $1,340 | $1,273 | $1,411 |
| 2 adults 2 children | $1,106 | $1,057 | $1,556 | $1,154 | $1,014 |
| 1 adult 2 children | $1,106 | $789 | $1,059 | $1,154 | $1,047 |
| 2 adults 1 child | $1,106 | $835 | $1,275 | $770 | $979 |
| 1 adult 1 child | $1,106 | $540 | $778 | $770 | $847 |
| 2 adults | $840 | $671 | $994 | $0 | $738 |
| 1 adult | $744 | $366 | $497 | $0 | $613 |
Safety trends & Data
Sussex County, Delaware appears to have experienced a notable decline in property crimes over the past five years. Burglary numbers have dropped from 243.00 incidents in 2018 to 115.00 in 2022, and larceny-theft incidents from 1091.00 to 728.00. Fraud-related incidents also show a reduction, moving from 434.00 in 2018 to 260.00 in 2022. However, motor vehicle theft saw a slight increase from 32.00 in 2018 to 49.00 in 2022, and forgery and counterfeiting remained steady around the 40.00 mark.... Read more
Property Crime Trends in Sussex County, DE Over the Last 5 Years
Sussex County, Delaware has seen a notable decline in property crimes over the past five years. Burglary and larceny-theft numbers are showing a decreasing trend, with burglary dropping from 243.0 incidents in 2018 to 115.0 in 2022, and larceny-theft going from 1091.0 to 728.0. Fraud related incidents also show a reduction, moving from 434.0 in 2018 to 260.0 in 2022. Conversely, some fluctuations are present in categories like motor vehicle theft, which slightly increased from 32.0 in 2018 to 49.0 in 2022, and forgery and counterfeiting, which held somewhat steady around the 40.0 mark. This trend implies an overall improvement in the county's property crime situation, providing a potentially safer environment for investors, new residents, and those engaged in property-related activities.
Demographics
Sussex County, Delaware boasts a predominantly white population with notable diversity within smaller racial groups. Adults in the county show varied educational attainment, with a significant portion holding high school diplomas and college degrees. The age distribution indicates a higher proportion of residents aged 55 and over, which could affect local healthcare and retirement services. Gender demographics reveal a relatively balanced population, though females slightly outnumber males.... Read more
Race Distribution in Sussex County, Delaware (2022)
Educational Attainment in Sussex County, Delaware (2022)
Age Distribution in Sussex County, Delaware
Citizen Population in Sussex County, Delaware (2022)
Political Trends & Data
In Sussex County, Delaware, the 2020 U.S. Presidential Election saw possible GOP preference, capturing just over 55% of the votes, while Democrats garnered around 44%. Interest in minor parties like Libertarians and Greens was limited, each pulling in less than 1% of the vote, which hints at a strong two-party system and minor parties battling for... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sussex County in Delaware showed a leaning towards the Republican Party in the 2020 U.S. Presidential Election, with just over 55% of the votes possibly going to the GOP. The Democratic Party trailed with around 44%. Minor parties like the Libertarians and Greens captured less than 1% each, indicating a limited but present interest in alternatives. This trend may suggest a relatively stable two-party dominance with minor parties struggling to gain traction.
55.07% of voters voted for the Republican party in the 2020 Presidential Election
43.82% of voters voted for the Democrat party in the 2020 Presidential Election
0.78% of voters voted for the Livertarian party in the 2020 Presidential Election
0.34% of voters voted for the Green party in the 2020 Presidential Election
School Data
In Sussex County, Delaware, the student-to-teacher ratio has fluctuated but shows a recent downward trend, reaching nearly 14 students per teacher in 2022. This can be critical for potential investors and families, as lower ratios often imply more individualized student attention and potentially higher educational outcomes, making the area more attractive for relocation or investment. Real estate professionals may also find these figures relevant, as they can impact property values and market... Read more
Student-to-teacher ratio in Sussex County, Delaware over the last 10 years
In Sussex County, Delaware, the student-to-teacher ratio has generally hovered around the national average of 14 students per teacher, showing notable fluctuations over the past decade. Starting at a high of 16 students per teacher in 2014, the ratio saw some dips and rises but has been on a downward trend more recently, hitting its lowest point at nearly 14 students per teacher in 2022. This trend could be significant for potential investors, educators, and families because lower student-to-teacher ratios often suggest more individualized attention for students and potentially higher educational outcomes, which can be a draw for those considering relocation or investment in the area. Real estate agents and appraisers might also note these figures as they can influence property values and market attractiveness.
