Elsmere, New Castle County, DE

Median Home Price Price

$234,660 $234.7K

Median Monthly Rent Rent

$1,928 $1.9K

10.0x

Market Snapshot

Elsmere, New Castle County, DE is a city market with a median home price of $234,660, a median monthly rent of $1,928, a GRM of 10.0x, and a price-to-rent ratio of 10.1.

Comparable Markets

Use related city markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.

More markets to explore

01 New Castle, New Castle County, DE
Top recommendation Nearby alternative Higher GRM Premium price Lower rent
High confidence
Price $272.8K
Rent $1.7K
GRM 14.0x
Explore the data
Region Show
New Castle
$273K $1.7K 14.0x
Delaware City Explore deeper
$284K $1.8K 13.0x
Wilmington
$315K $1.5K 18.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Dover, Kent County, DE
$327K $1.7K 16.0x
Viola, Kent County, DE
$332K $2.2K 13.0x
Magnolia, Kent County, DE
$404K $1.8K 19.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Plymouth, Litchfield County, CT
$310K $1.9K 14.0x
Warner Robins, Houston County, GA
$202K $1.6K 11.0x
Griswold, New London County, CT Explore deeper
$333K $1.9K 15.0x

Home prices

Monthly rent

GRM = home price / annual rent

Elsmere

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Benchmark comparison

Rent in Elsmere, DE is 15.1% higher than New Castle, DE.

Compare to New Castle, DE
Elsmere, DE
New Castle, DE
Delta
Median rent
$1,928
$1,675
-$253
Median price
$234,660
$272,811
+$38,151
YoY change
+$120
+$74
-$46
Price-to-rent
10.1x
13.6x
+3.5x

Key takeaways

  • Elsmere, New Castle County, DE has a lower-grm screening profile: At 10.0x GRM, current rent may provide stronger support relative to price.
  • Low GRM can also reflect operating friction, softer appreciation expectations, or local risk that GRM does not capture.
  • Rent momentum is positive, with median rent up about $120 year over year.
  • Rent in Elsmere, DE is 15.1% higher than New Castle, DE.