Mortgage Calculator & Closing Costs: Middletown, DE
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Middletown, Delaware.
Median Home Price
$375K
Population
22K
Avg Monthly Rent
$1,550
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 Middletown.
Middletown vs Delaware Median
The median home price in Middletown is $375,000, which is 6% above the Delaware state median of $355,000.
Mortgage Calculator — Middletown, DE
Pre-filled with Middletown median home price and Delaware tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $375K home using Delaware's 0.56% tax rate and $1,300/yr insurance.
5% Down
$2,743/mo
Down: $18,750
Loan: $356K
P&I: $2,252
Tax: $175
Insurance: $108
PMI: $208
10% Down
$2,613/mo
Down: $37,500
Loan: $338K
P&I: $2,133
Tax: $175
Insurance: $108
PMI: $197
20% Down (No PMI)
$2,180/mo
Down: $75,000
Loan: $300K
P&I: $1,896
Tax: $175
Insurance: $108
Income needed (28% rule): $93K/year with 20% down, $112K/year with 10% down.
Rent vs Buy in Middletown
Rent
$1,550/mo
vs
Buy (10% down)
$2,613/mo
Price-to-rent ratio: 20.2 — At a ratio above 20, renting may be more economical in Middletown for shorter stays. Buying costs $1,063 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Middletown is $375,000, 6% above the Delaware state median of $355,000. With a population of 22,350, Middletown is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Delaware average 0.56% annually. This low property tax rate is a significant advantage for Middletown 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 Middletown is $1,550/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Middletown presents moderate affordability. The $375K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Middletown.