Wilmington, DE—19810
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 $455,000, with a year-over-year change of 4.9%. 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 | $455,000 | 4.9% |
| Single Family | $461,000 | 4.8% |
| Condos | $195,000 | 0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $245,000 | 1.2% |
3 Bed | $410,000 | 4.9% |
4 Bed | $499,000 | 5.1% |
| 5 Bed | $576,000 | 4.5% |
% of Housing Stock
Rental Trends — Wilmington, DE
As of July '25, Rentcast reports the average rent in Wilmington, DE is $2,150, with a year-over-year rent change of 13.2%. Per bedroom, the median rent as of July '25 in Wilmington, DE is studios: $1,200, 1-bedrooms: $1,450, 2-bedrooms: $1,730, 3-bedrooms: $2,530, 4-bedrooms: $3,220. The most common rental property sizes in Wilmington, DE are 2-bedroom and 1-bedroom, accounting for 45.8% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,150 |
| Studio Rent | $1,200 | $1,200 |
| 1 Bed Rent | $1,450 | $1,450 |
| 2 Bed Rent | $1,650 | $1,730 |
| 3 Bed Rent | $2,300 | $2,530 |
| 4 Bed Rent | $3,000 | $3,220 |
% 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 17. This is a increase of 19.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $515,000 | -5.0% |
Listing Count | 55 | 2.0% |
| Listings as % of Homes | 0.2% | 2.0% |
Days on Market | 17 | 19.0% |
Demographics — Wilmington, DE
As of the latest ACS Survey released in 2023, Wilmington, DE has a population of 25,900, which has remained stable by 0.6% over the past 5 years. Wilmington, DE is a moderately popular place for families, as children make up 21.0% of the population. The area has a highly educated workforce, with 53.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,900 | 0.6% |
% Under 18 | 21.0% | -0.5% |
% Seniors | 25.7% | 19.0% |
% WFH | 20.7% | 276.4% |
% w/ College Degree | 53.2% | 3.1% |
As of the latest ACS Survey released in 2023, Wilmington, DE is a predominantly white area, with 75.3% of the population identifying as white. The white population has shrunk by 7.0% in the last 5 years. The second most common race or ethnicity in Wilmington, DE is black, making up 10.2% of the population. Foreign-born residents account for 9.2% of the population in Wilmington, DE, and this percentage has decreased by 6.1% 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 | 75.3% | -7.0% |
% Black | 10.2% | 9.7% |
% Hispanic | 2.9% | 81.2% |
% Asian | 6.1% | -14.1% |
% Foreign Born | 9.2% | -6.1% |
Mortgage and Risk — Wilmington, DE
According to HUD data as of 2023, there were 418 mortgage originations in Wilmington, DE, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Wilmington, DE. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 418 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Wilmington, DE
As of 2024, the percent of homes in Wilmington, DE under the Section 8 program is 0.0%. 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 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 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 18 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,450 | $1,480 |
| 2 Bedroom | $110 | $1,650 | $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 | 3.7 |
| Median Home Price | $455,000 |
| Median Household Income | $110,000 |