Total monthly cost of ownership
Cost to Own a Home in North Star, Delaware
A $567,000 home here costs
$4,345per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $186,000 a year.
A standard mortgage calculator would have told you $3,091. The real number is $1,253 higher every month, 41% more than the payment most buyers budget for.
Compare New Castle County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
North Star against New Castle County and Delaware
| Measure | North Star | New Castle County |
|---|---|---|
| Median home value | $566,500 | $329,800 |
| Median property tax | $4,800 | $2,444 |
| Effective tax rate | 0.847% | 0.741% |
| Median gross rent | — | $1,379 |
| Population | 8,178 | 573,030 |
The weather behind that power bill
North Star sits in New Castle County, which averages a high of 86.8°F in its hottest month and a low of 25.6°F in its coldest, with 45.33" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,229 cooling and 4,647 heating degree days, which is what sets the $170 electricity line above.
See the full climate breakdown for New Castle County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in New Castle County
Full New Castle County cost breakdown · Every county in Delaware
Talk to someone who works this market
These are North Star averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works North Star every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in North Star I already own here and may sell
Common questions
How much does it cost to own a home in North Star?
A $567,000 home in North Star, Delaware costs approximately $4,345 per month with 20% down at 7.24%. That is $3,091 principal and interest, $400 property tax, $142 homeowners insurance, $238 utilities and $473 set aside for maintenance.
What is the property tax rate in North Star?
North Star has an effective property tax rate of 0.847%, based on a median home value of $566,500 and median real estate taxes of $4,800. That is higher than the New Castle County average of 0.741%.
What is the average home price in North Star?
The median owner-occupied home value in North Star, Delaware is $566,500, against $329,800 across New Castle County.
Is it cheaper to rent or buy in North Star?
Rent data is not published for North Star at this level of detail.
What salary do you need to buy a home in North Star?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in North Star, Delaware at today's rate takes a household income of roughly $186,000 a year. That covers the full $4,345 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for North Star, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Delaware.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.