Wilmington, DE—19807
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 $1,049,000, with a year-over-year change of 1.5%. This indicates that home prices in Wilmington, DE are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,049,000 | 1.5% |
| Single Family | $1,052,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $805,000 | 3.7% |
4 Bed | $1,012,000 | 3.4% |
| 5 Bed | $1,466,000 | 3.4% |
% of Housing Stock
Rental Trends — Wilmington, DE
As of July '25, Rentcast reports the average rent in Wilmington, DE is $3,920, with a year-over-year rent change of 5.4%. Per bedroom, the median rent as of July '25 in Wilmington, DE is 3-bedrooms: $4,200, 4-bedrooms: $3,600. The most common rental property sizes in Wilmington, DE are 2-bedroom and 1-bedroom, accounting for 49.4% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,950 | $3,920 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $4,200 | $4,200 |
| 4 Bed Rent | $3,600 | $3,600 |
% 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 23. This is a decrease of -24.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,250,000 | -3.0% |
Listing Count | 36 | 1.0% |
| Listings as % of Homes | 0.7% | 1.0% |
Days on Market | 23 | -24.0% |
Demographics — Wilmington, DE
As of the latest ACS Survey released in 2023, Wilmington, DE has a population of 7,760, which has increased by 9.7% over the past 5 years. Wilmington, DE is a moderately popular place for families, as children make up 15.4% of the population. The area has a highly educated workforce, with 76.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,760 | 9.7% |
% Under 18 | 15.4% | -21.8% |
% Seniors | 32.0% | 18.5% |
% WFH | 17.3% | 54.5% |
% w/ College Degree | 76.2% | -1.4% |
As of the latest ACS Survey released in 2023, Wilmington, DE is a predominantly white area, with 80.5% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Wilmington, DE is asian, making up 10.4% of the population. Foreign-born residents account for 12.4% of the population in Wilmington, DE, and this percentage has decreased by 24.4% 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 | 80.5% | -5.2% |
% Black | 2.0% | 122.2% |
% Hispanic | 2.4% | 9.1% |
% Asian | 10.4% | 4.0% |
% Foreign Born | 12.4% | -24.4% |
Mortgage and Risk — Wilmington, DE
According to HUD data as of 2023, there were 122 mortgage originations in Wilmington, DE, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Wilmington, DE. Investor activity is low, as 0.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 122 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 2.0% |
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 | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,850 |
| 2 Bedroom | N/A | N/A | $2,200 |
| 3 Bedroom | -$1,550 | $4,200 | $2,650 |
| 4 Bedroom | -$590 | $3,600 | $3,010 |
Affordability — Wilmington, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $1,049,000 |
| Median Household Income | $157,000 |