Real Estate Investing in Bethany Beach, Delaware (19930)
Should you buy in 19930 (Bethany Beach, DE)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 83.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 56.0 — hard to cash-flow at these prices.
What’s happening in Bethany Beach, DE (19930)?
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Market Analysis: 19930 Bethany Beach
Looking more closely, ZIP 19930 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $985K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $985K asset, 19930 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader DE picture, 19930 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A notable renter share of 3% in 19930 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 19930 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Bethany Beach:
Property Strategy for 19930
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $578,323 | $1,630 | 2.0% | +8.7% | $289,162 |
| 3BR | $774,315 | $2,050 | 1.9% | +7.9% | $258,105 |
| 4BR | $1,100,564 | $2,530 | 1.7% | +9.0% | $275,141 |
| 5BR | $2,018,819 | — | — | +9.0% | $403,764 |
Market Trends
Home Value History (with trend line)
📊 How Does 19930 Compare?
| Metric | 19930 | Bethany Beach | Salisbury, MD-DE | Delaware |
|---|---|---|---|---|
| Home Value | $985,283 | $985,283 | N/A | $397,840 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 6.7% |
| Avg Rent | $1,467 | $1,467 | N/A | - |
| Cap Rate | 1.2% | 1.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 19930 (Bethany Beach, DE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $985,283 |
| Monthly Rent | $1,467 |
| Price-to-Rent | 56.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.8% |
| Cap Rate | 1.2% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (1.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 19930
Population: 2,873
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 19930
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Lord Baltimore Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How do home values compare in Bethany Beach, DE?
The median home value in Bethany Beach, DE is roughly $985K. That puts it reasonable relative to the DE statewide average.
What kind of tenants rent in Bethany Beach, DE?
Tenant demand in Bethany Beach, DE is solid. The local workforce $1,467/mo rents across most rental classes.
Are rents high in Bethany Beach, DE?
Rental rates in Bethany Beach, DE average $1,467/mo. Tenant demand and $985K home values make the yield look reasonable by investor standards.
Do rentals sit vacant long in Bethany Beach, DE?
Bethany Beach, DE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What approach is best for Bethany Beach, DE real estate?
For Bethany Beach, DE, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
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