Wilmington, DE—19809
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 $312,000, with a year-over-year change of 4.0%. This indicates that home prices in Wilmington, DE are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $312,000 | 4.0% |
| Single Family | $324,000 | 3.2% |
| Condos | $136,000 | -2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $224,000 | 1.4% |
3 Bed | $308,000 | 3.4% |
4 Bed | $408,000 | 4.6% |
| 5 Bed | $491,000 | 4.7% |
% of Housing Stock
Rental Trends — Wilmington, DE
As of July '25, Rentcast reports the average rent in Wilmington, DE is $1,800, with a year-over-year rent change of 10.4%. Per bedroom, the median rent as of July '25 in Wilmington, DE is studios: $1,370, 1-bedrooms: $1,350, 2-bedrooms: $1,760, 3-bedrooms: $1,840, 4-bedrooms: $2,950. The most common rental property sizes in Wilmington, DE are 2-bedroom and 1-bedroom, accounting for 48.1% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,670 | $1,800 |
| Studio Rent | $1,370 | $1,370 |
| 1 Bed Rent | $1,250 | $1,350 |
| 2 Bed Rent | $1,800 | $1,760 |
| 3 Bed Rent | $1,500 | $1,840 |
| 4 Bed Rent | $2,700 | $2,950 |
% 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 27. This is a increase of 34.0% 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 5.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $306,000 | -6.0% |
Listing Count | 38 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 27 | 34.0% |
Demographics — Wilmington, DE
As of the latest ACS Survey released in 2023, Wilmington, DE has a population of 15,100, which has remained stable by 0.4% over the past 5 years. Wilmington, DE is a popular place for families, as children make up 26.0% of the population. The area has a moderately educated workforce, with 44.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,100 | 0.4% |
% Under 18 | 26.0% | 5.3% |
% Seniors | 14.3% | 18.2% |
% WFH | 18.3% | 603.8% |
% w/ College Degree | 44.9% | 18.2% |
As of the latest ACS Survey released in 2023, Wilmington, DE is a predominantly white area, with 64.1% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Wilmington, DE is black, making up 24.2% of the population. Foreign-born residents account for 5.9% of the population in Wilmington, DE, and this percentage has decreased by 36.6% 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 | 64.1% | 0.5% |
% Black | 24.2% | 25.4% |
% Hispanic | 4.0% | -36.5% |
% Asian | 4.4% | -32.3% |
% Foreign Born | 5.9% | -36.6% |
Mortgage and Risk — Wilmington, DE
According to HUD data as of 2023, there were 221 mortgage originations in Wilmington, DE, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 34.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 221 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Wilmington, DE
As of 2024, the percent of homes in Wilmington, DE under the Section 8 program is 13.3%. 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 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 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 272 |
Total Units Section 8 | 270 |
% Rentals under Section 8 | 13.3% |
% Occupied Section 8 | 74.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $1,250 | $1,500 |
| 2 Bedroom | -$10 | $1,800 | $1,790 |
| 3 Bedroom | $660 | $1,500 | $2,160 |
| 4 Bedroom | -$250 | $2,700 | $2,450 |
Affordability — Wilmington, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $312,000 |
| Median Household Income | $86,000 |