Market Overview
Home Prices in Millsboro, DE
The median home value in Millsboro, DE is $404,063 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.5% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Millsboro are priced1% below average. Millsboro is part of the Salisbury, MD-DE metro area.
Over the past five years, Millsboro home values have risen by approximately9.1%, reflecting steady appreciation in this market.
Price History
Millsboro Home Price Trend
City Comparison
Millsboro vs. National Median
At $404,063, homes in Millsboro cost 1% below the national median of $410,000. This makes Millsboro a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Millsboro?
20% Down Payment
$80,813
on $404,063
Monthly P&I
$2,107/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,676/mo
incl. taxes & insurance
Income Needed
$107,040
gross annual (30% rule)
10% Down Option
$40,406
+ PMI applies
Loan Amount (20% dn)
$323,250
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 Millsboro, DE?
The median home value in Millsboro is $404,063 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.5% year-over-year.
How much have home prices changed in Millsboro?
Over the past year, home values in Millsboro have decreased by 1.5%. Over five years, prices have risen approximately 9.1%.
How much do I need to earn to buy a home in Millsboro?
To comfortably afford the median home price of $404,063 with a 20% down payment ($80,813) at today's rates (6.8%), you'd need a gross annual income of approximately $107,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Millsboro compare to the national average home price?
The national median home value is approximately $410,000. At $404,063, homes in Millsboro are 1% below the national average.
What metro area is Millsboro part of?
Millsboro is part of the Salisbury, MD-DE metropolitan area. Home prices and market conditions can vary across the broader metro region.