Delaware Real Estate - Best Reasons to Buy
Delaware Beaches
- Owning Delaware real estate offers a carefree, coastal resort lifestyle. With miles of pristine shoreline and endless recreational and entertainment opportunities at your doorstep - including Bethany Beach, Fenwick Island and Rehoboth Beach.
- Delaware beaches are the nation's cleanest, beating out the other 29 coastal and Great Lakes states surveyed.1
Financial Freedom
- Delaware is 1 of only 5 states that has no sales tax.
- Delaware and Delaware Real Estate has the 3rd lowest tax burden in the United States. 2
- Delaware and Delaware Real Estate has no state-imposed estate tax. Delaware has low property taxes and no sales tax.
- Delaware and Delaware Real Estate is 1 of only 9 states that has little or no income tax on trusts.6
- Delaware Real Estate ranks 13th out of all 50 states in 1-year home appreciation percent change for the year ending March 31, 2006, With a 5-year appreciation rate of 72.2%, 26-year appreciation rate of 389.6%! 4
- In 2006, Kiplinger's Personal Finance Magazine named Delaware the Most Tax-Friendly State for Retirees. 3
High Wages — Location
- Delaware workers earn the 7th highest salary in the United States.5
- Delaware ranks as the 9th fastest-growing state in the union.7
- Delaware Real Estate is within a 2-hour drive of Washington, D.C., Philadelphia, and Baltimore.
Sources:
- Source: Natural Resources Defense Control, "Testing the Waters 2006-A Guide to Water Quality at Vacation Beaches." Segment of beach monitored.
- Source: Tax Foundation and Bureau of Economic Analysis. Each state's tax burden represents a combination of state & local tax burdens. Sequenced by the least burdensome (#50 - alaska) to most burdensome (#1 - Maine).
- Source: Kiplinger's Personal Finance Magazine, November 2006.
- Source: Office of Federal Housing Enterprise Oversight. House Price Index. Rankings based on annual percentage change. United States figures based on weighted division average.
- Source: Delaware News Journal 8-26-06, "Delaware Workers Earn 7th Highest Salary in the U.S."
- Source: JP Morgan Private Bank
- Source: U.S. Department of Commerce, U.S. Census Bureau, released: December 22, 2005.