Wilmington, DE—19808
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 $364,000, with a year-over-year change of 4.2%. This indicates that home prices in Wilmington, DE are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $364,000 | 4.2% |
| Single Family | $373,000 | 3.9% |
| Condos | $224,000 | 3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $195,000 | -1.5% |
2 Bed | $269,000 | 1.5% |
3 Bed | $344,000 | 4.6% |
4 Bed | $449,000 | 4.7% |
| 5 Bed | $543,000 | 4.6% |
% of Housing Stock
Rental Trends — Wilmington, DE
As of July '25, Rentcast reports the average rent in Wilmington, DE is $2,070, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in Wilmington, DE is studios: $1,130, 1-bedrooms: $1,450, 2-bedrooms: $1,710, 3-bedrooms: $2,360, 4-bedrooms: $3,390. The most common rental property sizes in Wilmington, DE are 2-bedroom and 1-bedroom, accounting for 39.4% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,070 |
| Studio Rent | $1,050 | $1,130 |
| 1 Bed Rent | $1,500 | $1,450 |
| 2 Bed Rent | $1,740 | $1,710 |
| 3 Bed Rent | $2,300 | $2,360 |
| 4 Bed Rent | $3,000 | $3,390 |
% 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 19. This is a decrease of -6.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | -10.0% |
Listing Count | 89 | -2.0% |
| Listings as % of Homes | 0.3% | -2.0% |
Days on Market | 19 | -6.0% |
Demographics — Wilmington, DE
As of the latest ACS Survey released in 2023, Wilmington, DE has a population of 38,300, which has decreased by -5.2% over the past 5 years. Wilmington, DE is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 41.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,300 | -5.2% |
% Under 18 | 19.0% | -10.4% |
% Seniors | 19.8% | 4.2% |
% WFH | 13.1% | 219.5% |
% w/ College Degree | 41.1% | 7.3% |
As of the latest ACS Survey released in 2023, Wilmington, DE is a predominantly white area, with 66.1% of the population identifying as white. The white population has shrunk by 10.1% in the last 5 years. The second most common race or ethnicity in Wilmington, DE is hispanic, making up 14.4% of the population. Foreign-born residents account for 14.2% of the population in Wilmington, DE, and this percentage has increased by 11.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.1% | -10.1% |
% Black | 8.1% | 32.8% |
% Hispanic | 14.4% | 20.0% |
% Asian | 8.0% | 9.6% |
% Foreign Born | 14.2% | 11.8% |
Mortgage and Risk — Wilmington, DE
According to HUD data as of 2023, there were 599 mortgage originations in Wilmington, DE, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 27.0% above 90% LTV (very high). This implies large 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 | 599 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% 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 7.4%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Wilmington, DE, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 283 |
Total Units Section 8 | 265 |
% Rentals under Section 8 | 7.4% |
% Occupied Section 8 | 78.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,500 | $1,480 |
| 2 Bedroom | $20 | $1,740 | $1,760 |
| 3 Bedroom | -$180 | $2,300 | $2,120 |
| 4 Bedroom | -$590 | $3,000 | $2,410 |
Affordability — Wilmington, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $364,000 |
| Median Household Income | $92,900 |