Wilmington, DE—19806
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 $342,000, with a year-over-year change of 2.9%. This indicates that home prices in Wilmington, DE are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $342,000 | 2.9% |
| Single Family | $416,000 | 3.5% |
| Condos | $210,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $161,000 | 0.6% |
2 Bed | $268,000 | 1.1% |
3 Bed | $409,000 | 3.0% |
4 Bed | $564,000 | 5.0% |
| 5 Bed | $706,000 | 8.0% |
% of Housing Stock
Rental Trends — Wilmington, DE
As of July '25, Rentcast reports the average rent in Wilmington, DE is $1,700, with a year-over-year rent change of -1.2%. Per bedroom, the median rent as of July '25 in Wilmington, DE is studios: $1,210, 1-bedrooms: $1,500, 2-bedrooms: $1,810, 3-bedrooms: $2,800, 4-bedrooms: $3,000. The most common rental property sizes in Wilmington, DE are 1-bedroom and 2-bedroom, accounting for 49.5% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,700 |
| Studio Rent | $1,160 | $1,210 |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | $1,850 | $1,810 |
| 3 Bed Rent | $2,500 | $2,800 |
| 4 Bed Rent | $3,000 | $3,000 |
% 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 -37.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $339,000 | -19.0% |
Listing Count | 47 | -18.0% |
| Listings as % of Homes | 0.5% | -18.0% |
Days on Market | 20 | -37.0% |
Demographics — Wilmington, DE
As of the latest ACS Survey released in 2023, Wilmington, DE has a population of 9,930, which has remained stable by 0.0% over the past 5 years. Wilmington, DE is a less popular place for families, as children make up 8.3% of the population. The area has a highly educated workforce, with 70.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,930 | 0.0% |
% Under 18 | 8.3% | -32.0% |
% Seniors | 26.9% | 9.3% |
% WFH | 23.6% | 293.3% |
% w/ College Degree | 70.8% | 8.3% |
As of the latest ACS Survey released in 2023, Wilmington, DE is a predominantly white area, with 77.0% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Wilmington, DE is black, making up 11.0% of the population. Foreign-born residents account for 4.7% of the population in Wilmington, DE, and this percentage has decreased by 11.3% 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 | 77.0% | -4.9% |
% Black | 11.0% | -14.1% |
% Hispanic | 4.3% | 22.9% |
% Asian | 1.3% | -38.1% |
% Foreign Born | 4.7% | -11.3% |
Mortgage and Risk — Wilmington, DE
According to HUD data as of 2023, there were 223 mortgage originations in Wilmington, DE, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Wilmington, DE. Investor activity is low, as 3.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 223 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Wilmington, DE
As of 2024, the percent of homes in Wilmington, DE under the Section 8 program is 20.3%. 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. In Wilmington, DE, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 645 |
Total Units Section 8 | 605 |
% Rentals under Section 8 | 20.3% |
% Occupied Section 8 | 91.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,500 | $1,450 |
| 2 Bedroom | -$120 | $1,850 | $1,730 |
| 3 Bedroom | -$420 | $2,500 | $2,080 |
| 4 Bedroom | -$630 | $3,000 | $2,370 |
Affordability — Wilmington, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $342,000 |
| Median Household Income | $86,200 |