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Pike Creek Valley Real Estate Market Facts

  • $244,500Median home price
    5% higher than Delaware
  • $1,118Median rent asked
    8% higher than Delaware
  • 62.0%Home owners
    13% lower than Delaware
  • 2.0People per home
    21% lower than Delaware
Above is a snapshot look at the real estate market in Pike Creek Valley, DE. In Pike Creek Valley, DE, the median house price is $244,500, making the price 5% higher than that the average for Delaware. Therefore, the affordability of Pike Creek Valley, DE area real estate is less affordable than the real estate in other areas of Delaware. In addition, Pike Creek Valley, DE has a median rent price of $1,118; this price is 8% higher than that the average rental price for Delaware. 62.0% of residents in Pike Creek Valley, DE are homeowners, and the average amount of people who reside in each home is 2.0. Pike Creek Valley, DE has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Pike Creek Valley, DE real estate for sale.

Pike Creek Valley Home Affordability

  • $244,500Median home price
    5% higher than Delaware
  • $72,188Median home income
    18% higher than Delaware
  • 3.4xHome price to income ratio
    11% lower than Delaware
When looking for real estate in Pike Creek Valley, DE, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Pike Creek Valley, DE, the median price of a home is $244,500 and $72,188 is the median household income. This means that the home price to income ratio is 3.4x, a ratio that is 11% lower than the average in Delaware. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Pike Creek Valley, DE will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Pike Creek Valley, DE.

Pike Creek Valley Affordability Calculator

Include PMI
You can afford a home up to:
Debt-to-income ratio
Monthly income breakdown
  • Monthly income
  • Monthly payment
  • Debt payment
  • Income taxes
  • Remainder
Before beginning your real estate search in Pike Creek Valley, DE, you can target your search for the perfect home with the help of the home affordability calculator. Using the home affordability calculator you can figure out exactly how much you can spend on your new home in Pike Creek Valley, DE. The home affordability calculator takes into account your gross income, debts, and the amount of the down payment that you have available to put towards your new home. The calculator even allows you to calculate financial details like length of mortgage term, mortgage rate, property taxes, and HOA dues to determine your budget. With such a detailed and customized estimate of what homes you can afford in Pike Creek Valley, DE, this can prevent you from making an emotional investment in a home that is out of your price range. The home affordability calculator gives you the opportunity to accurately plan your total budget for housing, living expenses, and how much money you will have left to put aside for savings.

Pike Creek Valley Mortgage Calculator

Your monthly payment will be:
Monthly payment breakdown
  • Monthly payment
  • Mortgage
  • PMI fees
  • Property tax
  • Home insurance
  • HOA dues
If I buy real estate in Pike Creek Valley, DE, how much will I have to pay per month? A number of factors can affect the size of monthly payments involved in a home purchase. Naturally, the cost of the home is the main factor. Beyond the price, however, you will also have to look at the loan term, down payment, interest rate, home insurance and property taxes as well as HOA dues and PMI, or private mortgage insurance. Of course, for homeowners who can put at least 20 percent on a down payment, PMI payments would not exist. Details like these are presets in the mortgage calculator, and adjustments can be made to ensure the accuracy of monthly payment estimates. Just remember that the DTI, or debt-to-income ratio, should generally be kept at or below 36 percent. In other words, you are paying 36 percent or less of your monthly income towards all of your debts.

Pike Creek Valley Demographics

  • 10,077Population
  • 3,901People / sq mile
  • 40.6Median age
  • 1.0:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Cheyney University, PA663$0100%
Lincoln University, PA1,819$0100%
Marcus Hook, PA2,420$78,80057%
Linwood, PA3,461$95,10049%
Salem, NJ4,931$96,60048%
Pike Creek Valley, DE10,077$244,50032%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Mayfield, KY10,078$85,00054%
Naranja, FL10,068$128,60030%
Fairmount, NY10,087$122,70034%
Coral Hills, MD10,087$185,7001%
Atmore, AL10,067$96,10048%
Pike Creek Valley, DE10,077$244,50032%
Source: The Pike Creek Valley, DE housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).