THE BUSINESS OF REAL ESTATE

DE landlord resources

Millsboro rental market

Rental-market planning in Millsboro, Delaware, with state-law references and operating examples.

Dataset review pending. These supplied references have not been independently verified. Educational information only, not legal, tax or financial advice.

The local rental snapshot

Supplied Zillow Observed Rent Index, 2026-09-30. ZORI describes typical asking rent in its sample, not the rent or income of your property.

Typical monthly rent
$2,243
Metro
Salisbury, MD-DE
County in dataset
Sussex County

The comparison figure is $2,243. It is the median of the supplied city ZORI figures within Delaware, not a statewide household-rent statistic. This location is 0.0% above that comparison.

Operating examples at this rent

Annual gross, 12 paid months
$26,916
One vacant week, annualized
$518
Example 3× income threshold
$6,729

These are calculations, not forecasts or client results. Gross rent excludes vacancy, repairs, taxes, insurance, financing and management. The income threshold is an illustrative policy, not a legal requirement or recommendation. Review local screening restrictions and fair housing obligations before using it.

Deposit limits and notice periods below come from the Delaware dataset, not independent Millsboro ordinances. A rental in this market may be subject to additional municipal rules or exceptions. Confirm the exact address and applicable jurisdiction with the relevant office.

Calvin Cannon Jr. at his desk with a Philadelphia board behind him
Calvin Cannon Jr., The Business of Real Estate. Coaching photograph, not a property in Millsboro.

Delaware: Security deposits

25 Del. C. § 5514(a): for a term of 1 year or more, deposit may not exceed 1 month's rent (same cap applies to month-to-month continuing 1 year or more). Limits do not apply to furnished units; a pet deposit up to 1 month's rent is allowed on top.

§ 5514(b) requires an escrow account at a federally insured institution with a Delaware office, but does not require interest be paid to the tenant.

The uploaded dataset lists a deposit-return period of 20 days. Review the cited rule for the applicable conditions and timing.

Delaware: Notices and tenancy endings

25 Del. C. § 5502: nonpayment demand must allow not less than 7 days before the agreement terminates and a summary possession action may be filed.

25 Del. C. § 5106: minimum 60 days' written notice to terminate a fixed-term/year-to-year (§ 5106(c)) or month-to-month (§ 5106(d)) tenancy.

Court listed in the supplied dataset: Justice of the Peace Court.

Delaware: Rent regulation

No statewide rent control; express preemption of local rent control not confirmed.

Delaware: Licensing and registration

No statewide residential rental license confirmed; landlords generally need a state business license and some municipalities (Wilmington, Newark) require local rental licenses.

Delaware: Lease disclosures and receipts

Lead paint (federal)

Not separately verified from an authoritative source.

Sources supplied for Delaware

Dates below are verification dates claimed in the uploaded dataset, not a new review by Calvin's team.

Offices listed in the dataset

Landlord education in Delaware