Wilmington, DE—19801
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 $173,000, with a year-over-year change of 7.7%. 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 | $173,000 | 7.7% |
| Single Family | $171,000 | 7.5% |
| Condos | $220,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $154,000 | 6.2% |
3 Bed | $172,000 | 8.9% |
4 Bed | $194,000 | 9.6% |
| 5 Bed | $224,000 | 7.7% |
% of Housing Stock
Rental Trends — Wilmington, DE
As of July '25, Rentcast reports the average rent in Wilmington, DE is $1,600, with a year-over-year rent change of -22.3%. Per bedroom, the median rent as of July '25 in Wilmington, DE is studios: $1,410, 1-bedrooms: $1,480, 2-bedrooms: $1,730, 3-bedrooms: $1,820, 4-bedrooms: $2,120. The most common rental property sizes in Wilmington, DE are 1-bedroom and 2-bedroom, accounting for 33.7% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,600 |
| Studio Rent | $1,500 | $1,410 |
| 1 Bed Rent | $1,450 | $1,480 |
| 2 Bed Rent | $1,700 | $1,730 |
| 3 Bed Rent | $1,800 | $1,820 |
| 4 Bed Rent | $2,000 | $2,120 |
% 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 44. This is a increase of 11.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $210,000 | -7.0% |
Listing Count | 64 | 17.0% |
| Listings as % of Homes | 0.5% | 17.0% |
Days on Market | 44 | 11.0% |
Demographics — Wilmington, DE
As of the latest ACS Survey released in 2023, Wilmington, DE has a population of 16,200, which has remained stable by -0.8% over the past 5 years. Wilmington, DE is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 26.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,200 | -0.8% |
% Under 18 | 21.2% | -8.6% |
% Seniors | 9.9% | 0.0% |
% WFH | 12.8% | 245.9% |
% w/ College Degree | 26.0% | 52.9% |
As of the latest ACS Survey released in 2023, Wilmington, DE is a predominantly black area, with 67.8% of the population identifying as black. The black population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Wilmington, DE is white, making up 14.8% of the population. Foreign-born residents account for 8.9% of the population in Wilmington, DE, and this percentage has increased by 56.1% 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 | 14.8% | -14.0% |
% Black | 67.8% | -7.5% |
% Hispanic | 9.0% | 23.3% |
% Asian | 4.3% | 152.9% |
% Foreign Born | 8.9% | 56.1% |
Mortgage and Risk — Wilmington, DE
According to HUD data as of 2023, there were 135 mortgage originations in Wilmington, DE, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Wilmington, DE. Investor activity is low, as 7.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 135 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 7.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Wilmington, DE
As of 2024, the percent of homes in Wilmington, DE under the Section 8 program is 24.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-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 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,111 |
Total Units Section 8 | 1,417 |
% Rentals under Section 8 | 24.2% |
% Occupied Section 8 | 89.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,450 | $1,310 |
| 2 Bedroom | -$140 | $1,700 | $1,560 |
| 3 Bedroom | $80 | $1,800 | $1,880 |
| 4 Bedroom | $140 | $2,000 | $2,140 |
Affordability — Wilmington, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $173,000 |
| Median Household Income | $44,500 |