Delaware State Housing Authority released preliminary findings from the 2023 Housing Needs Assessment report compiled by Root Policy Research. Key findings from the report include the following:
- Overall, 50 percent of Delaware renters are cost-burdened;
- Since 2010, the homeownership rate has dropped for all age cohorts except seniors, with the most significant decline among ages 35 to 44, where the rate dropped from 71 to 63 percent;
- The composition of the state’s housing stock has changed little over time; and
- To keep up with household growth through 2030, the state will need to add 24,400 new units or an average of 2,400 units per year.
This comprehensive report was completed using data collection and analysis of various housing sources, stakeholder interviews and focus groups with residents, community leaders and housing advocates, and a resident survey.
