Español

Este sitio también está en español. Leer en español

City · 7,129 residents · New Castle County, Delaware

Pike Creek , Delaware

In Pike Creek, a typical home is worth $422,500 and typical rent is $2,262 a month. Compared with all of New Castle County, typical rent is 56% higher, typical household income is 53% higher, and the share of households that own their home is 18 points higher.

WhatsApp

  • Typical home value

    $422,500

    20% above the county

    20% above Delaware

    • Pike Creek
    • New Castle
    • Delaware

  • Typical rent

    $2,262a month

    56% above the county

    61% above Delaware

    • Pike Creek
    • New Castle
    • Delaware

  • Typical household income

    $139,635a year

    53% above the county

    64% above Delaware

    • Pike Creek
    • New Castle
    • Delaware

  • Households that own their home

    87%

    18 points above the county

    15 points above Delaware

    • Pike Creek
    • New Castle
    • Delaware

Source: U.S. Census Bureau, Average 2020–2024

Pike Creek is in New Castle County. The FHA loan limit ($630,200 for a one-unit home), the fair market rents and the help on this page are those of all of New Castle County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Pike Creek apart

What this place has that others do not, from public data, most unusual first.

  1. The typical rent in Pike Creek is $2,262 a month, 56% more than in New Castle County as a whole ($1,448).

  2. The typical household income in Pike Creek is $139,635, 53% more than in New Castle County as a whole ($91,166).

  3. Nearby, in Elsmere, the typical home value is $225,800: 47% less than in Pike Creek ($422,500).

  4. Nearby, in Elsmere, the typical rent is $1,339: 41% less than in Pike Creek ($2,262).

  5. 87% of households in Pike Creek own their home, against 69% in New Castle County.

  6. Pike Creek has the 2nd smallest share of rent-burdened renters of the 19 cities in Delaware with more than 5,000 people (29%).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Pike Creek

What homes there are in Pike Creek, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

No kind of home is the majority in Pike Creek; the largest group, detached houses, adds up to 49%, less than in New Castle County (53%).

Year built

Homes in Pike Creek are newer: the typical year built is 1988; in New Castle County, 1975.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,244 a month

New Castle County: $1,882 a month

Without a mortgage

$617 a month

New Castle County: $616 a month

Owners with a mortgage

55%

New Castle County: 67%

Owning costs more in Pike Creek: with a mortgage, the typical cost is $2,244 a month; in New Castle County, $1,882. Without one, $617.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Pike Creek gained value more slowly than in New Castle County: 23% since 2015–2019, against 35%.

The typical rent in Pike Creek rose 26% since 2015–2019, about the same as in New Castle County (25%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasurePike CreekNew Castle CountyDelawareUnited States
Rental vacancy Unreliable estimate5.0%5.0%5.5%
Homeowner vacancy Unreliable estimate0.7%0.8%0.9%
More than one person per room Unreliable estimate2.0%2.1%3.4%
People per household 2.622.512.482.53
Drive alone 67%69%72%69%
Carpool Unreliable estimate7%8%9%
Public transit Unreliable estimate3%2%3%
Walk or bike Unreliable estimate3%2%3%
Work from home 18%18%15%15%
Other means Unreliable estimate2%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

By size, households in Pike Creek look like those in New Castle County: 2.62 people on average.

To get to work, 67% of workers in Pike Creek drive alone; in New Castle County, 69%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Pike Creek?

A typical home is tight for the typical income

We start with a typical home in Pike Creek, worth $422,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 30% of the typical household income in Pike Creek, which is $139,635 a year. For that payment to be 28% of income, a household would need to earn about $147,765 a year.

The calculator's FHA and conventional loan limits are those of all of New Castle County.

Your numbers

Local data
$

Starts at the typical home value in Pike Creek. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $14,788 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,448

at 7.18% · 30 years

Loan amount
$414,847
Total interest
$596,867
Paid off in
November 2056

Includes $7,135 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,258 a month

  • Tight

    $3,258 to $4,189 a month

    Your payment · 30%

  • Hard

    more than $4,189 a month

Compared with the typical household income in Pike Creek ($139,635 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,448
Principal & interest$2,810
Property tax$275
Home insurance$176
FHA mortgage insurance (MIP)$187

You need at least $14,788 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Pike Creek and New Castle County

Pike Creek is in New Castle County, Delaware. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Pike Creek's own numbers

Typical home value
$422,500
Typical monthly rent
$2,262
Typical yearly household income
$139,635
Households that own their home
87%
Effective property tax rate
0.78%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of New Castle County

FHA limit, one-unit home
$630,200
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,860
Price change over 5 years (FHFA)
+50%
Homes in a high flood-risk zone
1.1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of New Castle County.

Everything about New Castle County

Buying

Buying a home in Pike Creek

A typical home in Pike Creek is worth $422,500: 20% above the county and 20% above Delaware. With the typical household income in Pike Creek ($139,635 a year), a typical home costs 3.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Pike Creek 3.0 years
  • New Castle 3.9 years
  • Delaware 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in New Castle County

According to FHFA’s house price index, home prices in New Castle County rose 72% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of New Castle County.

Period County Delaware U.S.
Last year (2025) +2.8% +3.2% +2.9%
5 years (2020–2025) +50% +51% +47%
10 years (2015–2025) +72% +74% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Pike Creek next to New Castle County, Delaware and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Pike Creek $422,500
  • New Castle $352,200
  • Delaware $352,000
  • United States $332,700
Typical monthly rent
  • Pike Creek $2,262
  • New Castle $1,448
  • Delaware $1,401
  • United States $1,413
Typical yearly household income
  • Pike Creek $139,635
  • New Castle $91,166
  • Delaware $84,954
  • United States $80,734
See the full table
Pike Creek next to New Castle County and Delaware
Measure Pike Creek New Castle County Delaware U.S.
Typical home value $422,500 $352,200 $352,000 $332,700
Typical monthly rent $2,262 $1,448 $1,401 $1,413
Typical yearly household income $139,635 $91,166 $84,954 $80,734
Households that own their home 87% 69% 73% 65%
Typical yearly property tax $3,278 $2,499 $1,768 $3,119
Effective property tax rate 0.78% 0.71% 0.5% 0.94%
Renters with high rent for their income 29% 48% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below New Castle County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Pike Creek

For a typical $422,500 home in Pike Creek, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Pike Creek's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,448a month

    Least cash to close
    Down payment
    $14,788
    Cash to close
    $27,463
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $187

  • Conventional, 5% down $3,370a month

    Down payment
    $21,125
    Cash to close
    $33,800
    Rate
    7.18%
    Mortgage insurance
    PMI · $201

  • Conventional, 20% down, no PMI $2,740a month

    Down payment
    $84,500
    Cash to close
    $97,175
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,131a month

    Down payment
    $63,375
    Cash to close
    $76,050
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Pike Creek and for New Castle County.

Property tax

Effective rate in Pike Creek

0.78%of the home’s value each year

$3,278 a year for the typical owner in Pike Creek.

  • Pike Creek 0.78%
  • New Castle 0.71%
  • Delaware 0.5%

What Delaware publishes School property tax credit for owners 65 and older (Delaware Department of Finance)

Exemptions and deadlines in Delaware

Flood risk in New Castle County

FEMA does not publish these numbers by city: they are for all of New Castle County.

Homes in the high-risk zone
1.1%
2,006
Of those, with NFIP insurance
45%
County Delaware U.S.
Homes in the high-risk zone 1.1% 5.7% 3.5%
Of those, with NFIP insurance 45% 58% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Pike Creek

Typical rent in Pike Creek is $2,262 a month: 56% above the county. In Pike Creek, 29% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of New Castle County, by unit size. To pay the 2-bedroom one ($1,860 a month) without spending more than 30% of your income, you would need to earn $35.77 an hour working full time.

HUD fair market rent for all of New Castle County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,438 $27.65 $57,520
1 bedroom $1,558 $29.96 $62,320
2 bedrooms $1,860 $35.77 $74,400
3 bedrooms $2,216 $42.62 $88,640
4 bedrooms $2,445 $47.02 $97,800

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Pike Creek

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Pike Creek has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,760 in 19808 to $1,940 in 19707.

1 of the 2 is above the fair market rent for New Castle County ($1,860).

  • 19707 $1,940$2,310
  • 19808 $1,760$2,100

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Pike Creek when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Pike Creek

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 6 HUD-approved agencies with an office in New Castle County; 2 say they serve in Spanish.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Pike Creek

No down payment, repair or rent-help program on our list is for Pike Creek or New Castle County. The ones below are statewide in Delaware: they work in Pike Creek the same as in the rest of the state.

Which programs do I qualify for? All programs in Delaware

  • Home Sweet Home

    Statewide in Delaware

    Delaware state authority second loan of $12,000 at 0%, forgiven 10% for each year you live in the home (all of it after 10 years), for homes up to $285,000; the agency announced it as a temporary program. Offered by Delaware State Housing Authority (DSHA).

    Forgivable

    See the program Official page

  • Keys4You Home Loan

    Statewide in Delaware

    Delaware state authority 0% second mortgage equal to 4% of your mortgage, for the down payment and closing costs, with no monthly payments until you sell, refinance or stop living in the home; with the Welcome Home (first-time buyers) or Open Door (any buyer) mortgages. Offered by Delaware State Housing Authority (DSHA).

    Deferred

    See the program Official page

  • Take5 Home Loan

    Statewide in Delaware

    Delaware state authority 0% second mortgage equal to 5% of your mortgage, for the down payment and closing costs, with no monthly payments until you sell, refinance or stop living in the home; only with the Welcome Home mortgage for first-time buyers. Offered by Delaware State Housing Authority (DSHA).

    Deferred

    See the program Official page

Housing counselors near Pike Creek

The HUD-approved agencies closest to the center of Pike Creek, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Neighborgood Partners - Newark Branch

    501 Ogletown Road, Room 306, Newark · 5 miles away · Spanish

    Also serves in Creole.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (302) 678-9400

  • CCCS of Delaware Valley, DBA Clarifi

    710 North Lincoln Street, Wilmington · 7 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (800) 989-2227

  • Interfaith Community Housing of Delaware

    613 N Washington St, Wilmington · 7 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (302) 652-3991

Every agency in New Castle County All counseling agencies in Delaware

Help in Spanish near Pike Creek

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Pike Creek

HUD’s record names them for Pike Creek or New Castle County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • New Castle County Housing Authority Section 8 vouchers (302) 395-5672

2 other authorities have an office in New Castle County: see the list Source: HUD

Cities

Other cities in New Castle County

These cities are also in New Castle County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about New Castle County Housing in Delaware
See 2 more cities in New Castle County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Pike Creek, with the typical home value.

Neighboring counties

If New Castle County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Pike Creek.

All guides
A mother holds hands with her two daughters on the beach at sunset.

Questions

Housing questions about Pike Creek

Short answers with the numbers for Pike Creek and all of New Castle County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Pike Creek?

The typical home value in Pike Creek is $422,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in New Castle County it is $352,200.

How much does it cost to rent in Pike Creek?

Typical rent in Pike Creek is $2,262 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in New Castle County is $1,860.

What is the FHA loan limit in Pike Creek?

Pike Creek uses the FHA limit for all of New Castle County (2026): $630,200 for a one-unit home and $1,211,950 for a four-unit home.

How much property tax do owners pay in Pike Creek?

The typical homeowner in Pike Creek pays $3,278 a year, according to the U.S. Census Bureau. That is 0.78% of the home’s value; in New Castle County, the rate is 0.71%.

Where can I find free help to buy or rent in Pike Creek?

There are 6 HUD-approved counseling agencies with an office in New Castle County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).