Wilmington, DE—19804
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 $276,000, 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 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $276,000 | 4.1% |
| Single Family | $276,000 | 3.4% |
| Condos | $294,000 | 7.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $236,000 | 2.6% |
3 Bed | $278,000 | 3.3% |
4 Bed | $312,000 | 3.0% |
| 5 Bed | $338,000 | 2.1% |
% of Housing Stock
Rental Trends — Wilmington, DE
As of July '25, Rentcast reports the average rent in Wilmington, DE is $1,640, with a year-over-year rent change of -17.6%. Per bedroom, the median rent as of July '25 in Wilmington, DE is 1-bedrooms: $1,150, 2-bedrooms: $1,490, 3-bedrooms: $2,270. The most common rental property sizes in Wilmington, DE are 2-bedroom and 1-bedroom, accounting for 41.6% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,640 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,150 |
| 2 Bed Rent | $1,450 | $1,490 |
| 3 Bed Rent | $2,100 | $2,270 |
| 4 Bed Rent | N/A | N/A |
% 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 20. This is a decrease of -47.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $317,000 | 1.0% |
Listing Count | 36 | 2.0% |
| Listings as % of Homes | 0.3% | 2.0% |
Days on Market | 20 | -47.0% |
Demographics — Wilmington, DE
As of the latest ACS Survey released in 2023, Wilmington, DE has a population of 18,200, which has increased by 4.5% over the past 5 years. Wilmington, DE is a moderately popular place for families, as children make up 19.3% of the population. The area has a poorly educated workforce, with 23.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,200 | 4.5% |
% Under 18 | 19.3% | 2.1% |
% Seniors | 16.7% | 14.4% |
% WFH | 10.1% | 215.6% |
% w/ College Degree | 23.3% | 29.4% |
As of the latest ACS Survey released in 2023, Wilmington, DE is a predominantly white area, with 62.5% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Wilmington, DE is hispanic, making up 18.0% of the population. Foreign-born residents account for 10.0% of the population in Wilmington, DE, and this percentage has decreased by 13.0% 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 | 62.5% | -8.0% |
% Black | 13.2% | 7.3% |
% Hispanic | 18.0% | -3.2% |
% Asian | 1.5% | 25.0% |
% Foreign Born | 10.0% | -13.0% |
Mortgage and Risk — Wilmington, DE
According to HUD data as of 2023, there were 331 mortgage originations in Wilmington, DE, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Wilmington, DE. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 331 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Wilmington, DE
Wilmington, DE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 148 |
Total Units Section 8 | 140 |
% Rentals under Section 8 | 6.9% |
% Occupied Section 8 | 77.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,100 | $1,380 |
| 2 Bedroom | $200 | $1,450 | $1,650 |
| 3 Bedroom | -$110 | $2,100 | $1,990 |
| 4 Bedroom | N/A | N/A | $2,260 |
Affordability — Wilmington, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $276,000 |
| Median Household Income | $76,200 |