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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Fenwick Island, DE Housing Affordability Index

Fenwick Island, Delaware has an MBR Housing Affordability Index score of 84.8 (Moderately Less Affordable) as of October 30, 2026, ranking 56th most affordable of 59 scored Delaware cities, compared with 103.6 statewide and 97.4 nationally. On a median-priced $1,394,700 home with 20% down, a jumbo loan at 7.62% means a monthly principal and interest payment of about $7,890, or 84% of the city’s $113,125 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Fenwick Island is updated every night from live Delaware mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Fenwick Island MBR-HAI 84.8 Moderately Less Affordable
Rank in Delaware 56 of 59 1 = most affordable
Delaware 103.6 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.37% Delaware lenders
Median home value $1,394,700 U.S. Census Bureau

Fenwick Island is 18.8 points below the Delaware score. Scores as of October 30, 2026. See the Delaware index

View Fenwick Island Mortgage Rates

What It Takes to Buy in Fenwick Island

$7,890/mo
Principal & Interest
Median home, 20% down, 7.62% jumbo
$338,100
Income Needed
To keep the payment at 28% of income
$113,125
Median Household Income
Delaware: $84,954
12.3x
Price-to-Income Ratio
Delaware: 4.1x
$1,153/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,457/yr
Median Property Tax
0.18% of median value
36.7%
Owner Cost Burden
Owners spending 30%+ of income on housing
18.2%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Fenwick Island, Delaware. The rate is the Delaware average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state. A 20% down loan on the median home here is above the $832,750 conforming limit, so the index adds 0.25% for jumbo pricing.

How Fenwick Island Ranks in Delaware

Least affordable in Delaware
#55Ardentown87.9
#56Fenwick Island84.8
#57Lewes83.0 #58Dewey Beach80.6 #59Arden75.7
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Cite the Fenwick Island Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Fenwick Island, Delaware score: 84.8 (Moderately Less Affordable), ranked 56 of 59 Delaware cities. monitorbankrates.com/housing-affordability-index/delaware/fenwick-island”