Mortgage Calculator & Closing Costs: Harrington, DE
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Harrington, Delaware.
Median Home Price
$245K
Population
4K
Avg Monthly Rent
$1,120
Property Tax Rate
0.56% *
* Property tax shown is the Delaware state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Harrington.
Harrington vs Delaware Median
The median home price in Harrington is $245,000, which is 31% below the Delaware state median of $355,000.
Mortgage Calculator — Harrington, DE
Pre-filled with Harrington median home price and Delaware tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $245K home using Delaware's 0.56% tax rate and $1,300/yr insurance.
5% Down
$1,830/mo
Down: $12,250
Loan: $233K
P&I: $1,471
Tax: $114
Insurance: $108
PMI: $136
10% Down
$1,745/mo
Down: $24,500
Loan: $221K
P&I: $1,394
Tax: $114
Insurance: $108
PMI: $129
20% Down (No PMI)
$1,462/mo
Down: $49,000
Loan: $196K
P&I: $1,239
Tax: $114
Insurance: $108
Income needed (28% rule): $63K/year with 20% down, $75K/year with 10% down.
Rent vs Buy in Harrington
Rent
$1,120/mo
vs
Buy (10% down)
$1,745/mo
Price-to-rent ratio: 18.2 — A ratio between 15-20 means the rent vs buy decision in Harrington depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Harrington is $245,000, 31% below the Delaware state median of $355,000. With a population of 3,793, Harrington is a smaller market where home prices tend to be more accessible than in many parts of Delaware.
Property taxes in Delaware average 0.56% annually. This low property tax rate is a significant advantage for Harrington buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Delaware runs approximately $1,300 per year. This is within the normal range nationally.
Average rent in Harrington is $1,120/month. The price-to-rent ratio in Harrington is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Harrington offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Delaware's DSHA Homeownership Loan program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Harrington.