Market Overview
Home Prices in Fenwick Island, DE
The median home value in Fenwick Island, DE is $1,041,603 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.3% compared to a year ago and down 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fenwick Island are priced154% above average. Fenwick Island is part of the Salisbury, MD-DE metro area.
Over the past five years, Fenwick Island home values have risen by approximately30.2%, reflecting strong long-term appreciation in this market.
Price History
Fenwick Island Home Price Trend
City Comparison
Fenwick Island vs. National Median
At $1,041,603, homes in Fenwick Island cost 154% above the national median of $410,000. Buyers in Fenwick Island should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Fenwick Island?
20% Down Payment
$208,321
on $1,041,603
Monthly P&I
$5,432/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,899/mo
incl. taxes & insurance
Income Needed
$275,960
gross annual (30% rule)
10% Down Option
$104,160
+ PMI applies
Loan Amount (20% dn)
$833,282
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 Fenwick Island, DE?
The median home value in Fenwick Island is $1,041,603 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.3% year-over-year.
How much have home prices changed in Fenwick Island?
Over the past year, home values in Fenwick Island have increased by 4.3%. Over five years, prices have risen approximately 30.2%.
How much do I need to earn to buy a home in Fenwick Island?
To comfortably afford the median home price of $1,041,603 with a 20% down payment ($208,321) at today's rates (6.8%), you'd need a gross annual income of approximately $275,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Fenwick Island compare to the national average home price?
The national median home value is approximately $410,000. At $1,041,603, homes in Fenwick Island are 154% above the national average.
What metro area is Fenwick Island part of?
Fenwick Island is part of the Salisbury, MD-DE metropolitan area. Home prices and market conditions can vary across the broader metro region.