Market Overview
Home Prices in Elsmere, DE
The median home value in Elsmere, DE is $244,639 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.8% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elsmere are priced40% below average. Elsmere is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.
Over the past five years, Elsmere home values have risen by approximately32.2%, reflecting strong long-term appreciation in this market.
Price History
Elsmere Home Price Trend
City Comparison
Elsmere vs. National Median
At $244,639, homes in Elsmere cost 40% below the national median of $410,000. This makes Elsmere a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elsmere?
20% Down Payment
$48,928
on $244,639
Monthly P&I
$1,276/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,621/mo
incl. taxes & insurance
Income Needed
$64,840
gross annual (30% rule)
10% Down Option
$24,464
+ PMI applies
Loan Amount (20% dn)
$195,711
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Elsmere, DE?
The median home value in Elsmere is $244,639 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.8% year-over-year.
How much have home prices changed in Elsmere?
Over the past year, home values in Elsmere have increased by 0.8%. Over five years, prices have risen approximately 32.2%.
How much do I need to earn to buy a home in Elsmere?
To comfortably afford the median home price of $244,639 with a 20% down payment ($48,928) at today's rates (6.8%), you'd need a gross annual income of approximately $64,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Elsmere compare to the national average home price?
The national median home value is approximately $410,000. At $244,639, homes in Elsmere are 40% below the national average.
What metro area is Elsmere part of?
Elsmere is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area. Home prices and market conditions can vary across the broader metro region.