The story of this market
The typical home in ZIP 19962 sells for about $445,000, or $215 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,467 a month.
ZIP 19962 — Magnolia
The housing market in 19962 remains stable with steady price appreciation driven by limited inventory and consistent demand from families. While sales volume is moderate, the area continues to attract buyers looking for suburban value within commuting distance of major employment hubs. Market conditions are expected to remain balanced in the near term.
This ZIP is ideal for family buyers and commuters seeking a suburban lifestyle with access to quality schools and relatively affordable housing compared to northern Delaware. It is less suited for those requiring high-density urban amenities or extensive public transit.
Median prices moved up 4.2% year over year.
Homes spend a median of 32 days on market with 3.1 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.9% · poverty 5.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 19962, Kent County DE
Magnolia generally experiences lower crime rates compared to larger urban centers in Delaware, with property crime being the primary concern. Local law enforcement maintains a stable presence, and the area is considered relatively safe for families.
Schools serving the 19962 ZIP code are part of the Caesar Rodney School District, which is generally regarded as a high-performing district in the state. Students have access to well-rated elementary and secondary institutions.
The area is subject to standard regional risks, including potential for localized flooding in low-lying areas and occasional severe wind events. Property owners are encouraged to maintain appropriate flood and hazard insurance coverage.
Economic momentum is driven by proximity to Dover's employment hubs and the expansion of residential developments in the Magnolia area. Infrastructure improvements are ongoing to support the steady influx of new residents.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Delaware) — Agricultural Lands Preservation and Farmland Assessment Act Exemption: Qualifying land is valued based on its agricultural use productivity capability rather than fair market value, substantially reducing the taxable assessed baseline. State (Delaware) — Senior School Property Tax Credit and Elderly/Disability Exemption Framework: Provides a partial credit/exemption against property taxes. Under the Senior School Property Tax Credit (14 Del. C. § 1919), qualifying seniors receive a tax credit up to 50% of the school property tax up to a statutory dollar cap (e.g., $500 max). At the county level (e.g. State (Delaware) — County Assessment Ratio and Ad Valorem Property Taxation Structure: Delaware levies property taxes at county, municipal, and school district levels (the state itself levies no state-level property tax).
Residents primarily commute by car toward Dover or Wilmington via US-13 and DE-1. Public transit options are limited, making personal vehicle ownership essential for most employment-related travel.
The area offers access to local parks and green spaces, with proximity to the St. Jones River and various outdoor recreational facilities. Shopping and dining options are concentrated along the US-13 corridor.
The rental market is characterized by moderate demand and limited vacancy, with rents trending upward due to the area's popularity with commuters. Investor interest is present, though the market is primarily dominated by long-term residential leases.
The local economy is supported by government, healthcare, and education sectors, with significant employment anchors in nearby Dover. The area benefits from a stable industry mix and proximity to regional logistics hubs.
Transportation is heavily reliant on the highway network, specifically US-13 and DE-1, which serve as the primary arteries for regional connectivity. Infrastructure planning focuses on maintaining road capacity for growing suburban traffic.
Development pipeline includes several approved residential subdivisions and minor commercial expansions along the main highway corridors.
Kent County utilizes a periodic assessment system to determine property values for tax purposes, with adjustments made to reflect market conditions.
Parcels are subject to Caesar Rodney School District taxes and various county-level service districts for utilities and emergency services.
Property insurance premiums are influenced by regional hazard profiles, including flood risk in specific zones and wind exposure, necessitating standard coverage.
Data retrieved from US Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Killens Pond State Park4.65.6 mi
- Killens Pond Water Park4.35.6 mi
- Chuck E. Cheese49.4 mi
- Xbos4.117.8 mi
- Bally's Dover Casino Resort4.29.2 mi
- Dover Motor Speedway4.59.2 mi
- Harrington Raceway & Casino4.211.1 mi
- Delaware State Fair4.311.4 mi
- Harvest Ridge Winery4.713.4 mi
- Dover Motor Speedway4.59.2 mi
- DE Turf Sports Complex4.45 mi
- Harrington Raceway & Casino4.211.1 mi
- Milford Movies 94.69.3 mi
- Spence's Bazaar4.56.6 mi
- Legislative Hall-Delaware's State Capitol4.46.9 mi
- Air Mobility Command Museum4.94.5 mi
- Biggs Museum of American Art4.66.9 mi
- John Dickinson Plantation4.53.8 mi
- The Old State House4.56.9 mi
- Killens Pond State Park4.65.6 mi
- Brecknock County Park4.74.9 mi
- Killens Pond State Park Campground Entrance4.56.3 mi
- Silver Lake Park4.47.6 mi
- Browns Branch County Park4.68 mi
- Dover Mall3.99.6 mi
- Fifer's Farm Store & Kitchen4.76 mi
- Byler's Store in Dover4.78.8 mi
- Spence's Bazaar4.56.6 mi
- Kohl's4.27.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features walking trails, picnic areas, and historical sites.
Provides opportunities for fishing and kayaking.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.