Delaware’s Allure for Retirees

Delaware may be one of the smallest states, yet it offers numerous advantages for retirees. With a stunning Atlantic Ocean coastline, favorable tax policies, and excellent wellness amenities, it’s no wonder that the First State has become a popular choice for those looking to enjoy their golden years. According to Census data, nearly 21 percent of the state’s population (approximately one million in 2022) consists of individuals aged 65 and over. Furthermore, Bankrate ranked Delaware as the second-best state for retirement, following Iowa. This ranking highlights the state’s combination of high-quality healthcare and a low tax burden. Additionally, Delaware boasts a rich historical heritage, charming small towns, abundant natural beauty, and proximity to urban centers like Philadelphia, Washington DC, and New York City.

Top Coastal Destinations: Lewes and Rehoboth Beach

Delaware’s picturesque 25-mile coastline is especially appealing to retirees. According to Bill Cullin, a broker at Long & Foster Real Estate/Luxury Portfolio International, “Lewes and Rehoboth are the topmost popular places at the beach in Delaware. West of these towns, several planned communities offer extensive amenities, all within a few miles of the beach.”

Lewes, known as “the first town in the first state,” is positioned where the Delaware Bay meets the Atlantic Ocean. It features stunning golden-sand beaches and a vibrant array of local businesses along its charming waterfront. Notably, the median age in Lewes is 66 years, with 54 percent of the population aged 65 and over.

Just eight miles south lies Rehoboth Beach, which attracts thousands of visitors from nearby Washington DC during the summer season. The town is popular for its cosmopolitan atmosphere, outstanding dining options, diverse shopping, and vibrant boardwalk. Consequently, Rehoboth Beach is renowned for its appeal among retirees, boasting a median age of 64 years and an active social scene.

While Lewes and Rehoboth Beach each house a few thousand residents, Cullin notes that many people live there year-round. However, the cost can be quite high; the median home values are $573,676 in Lewes and $757,586 in Rehoboth Beach, with beachfront properties often surpassing millions.

Affordable Housing Options

If affordable housing is a priority for retirement, Cullin recommends considering Millsboro, where the average home price is approximately $371,000. This town is located about a half-hour drive from the Delaware coastline and sits along the banks of the Indian River. Additionally, Selbyville and Milton are increasingly popular among retirees.

New Communities and Amenities

Many communities within 35 minutes of the beaches offer modern, new constructions. These homes come with several amenities, including lawn care, clubhouses, swimming pools, and tennis/pickleball courts, along with organized social activities, which retirees find attractive. As the real estate market continues to develop, Cullin suggests looking at both newly-built communities and newer resale homes. The latter may feature added amenities from the original owners, such as window treatments, patios, and screened porches.