Wilmington, DE—19803
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wilmington, DE
As of Oct '25, the median home price in Wilmington, DE is $495,000, with a year-over-year change of 4.1%. This indicates that home prices in Wilmington, DE are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $495,000 | 4.1% |
| Single Family | $492,000 | 4.5% |
| Condos | $557,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $404,000 | 1.5% |
3 Bed | $417,000 | 4.0% |
4 Bed | $580,000 | 5.6% |
| 5 Bed | $714,000 | 5.0% |
% of Housing Stock
Rental Trends — Wilmington, DE
As of July '25, Rentcast reports the average rent in Wilmington, DE is $2,720, with a year-over-year rent change of -7.5%. Per bedroom, the median rent as of July '25 in Wilmington, DE is 1-bedrooms: $1,540, 2-bedrooms: $1,810, 3-bedrooms: $2,730, 4-bedrooms: $3,210. The most common rental property sizes in Wilmington, DE are 1-bedroom and 2-bedroom, accounting for 38.3% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,720 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,540 | $1,540 |
| 2 Bed Rent | $1,890 | $1,810 |
| 3 Bed Rent | $2,500 | $2,730 |
| 4 Bed Rent | $3,200 | $3,210 |
% of Rental Stock
Property Listings — Wilmington, DE
As of Oct '25, Realtor.com reports that the median days on market for a home in Wilmington, DE is 52. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $590,000 | -12.0% |
Listing Count | 64 | 17.0% |
| Listings as % of Homes | 0.5% | 17.0% |
Days on Market | 52 | 10.0% |
Demographics — Wilmington, DE
As of the latest ACS Survey released in 2023, Wilmington, DE has a population of 22,000, which has decreased by -1.2% over the past 5 years. Wilmington, DE is a moderately popular place for families, as children make up 21.1% of the population. The area has a highly educated workforce, with 61.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,000 | -1.2% |
% Under 18 | 21.1% | -2.3% |
% Seniors | 24.0% | 0.8% |
% WFH | 20.7% | 132.6% |
% w/ College Degree | 61.2% | 4.4% |
As of the latest ACS Survey released in 2023, Wilmington, DE is a predominantly white area, with 84.2% of the population identifying as white. The white population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in Wilmington, DE is black, making up 5.3% of the population. Foreign-born residents account for 7.5% of the population in Wilmington, DE, and this percentage has decreased by 17.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.2% | 2.4% |
% Black | 5.3% | 12.8% |
% Hispanic | 4.9% | 19.5% |
% Asian | 3.6% | -47.1% |
% Foreign Born | 7.5% | -17.6% |
Mortgage and Risk — Wilmington, DE
According to HUD data as of 2023, there were 452 mortgage originations in Wilmington, DE, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Wilmington, DE. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 452 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Wilmington, DE
As of 2024, the percent of homes in Wilmington, DE under the Section 8 program is 0.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Wilmington, DE, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 22 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,540 | $1,810 |
| 2 Bedroom | $270 | $1,890 | $2,160 |
| 3 Bedroom | $100 | $2,500 | $2,600 |
| 4 Bedroom | -$240 | $3,200 | $2,960 |
Affordability — Wilmington, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $495,000 |
| Median Household Income | $134,000 |