Real Estate Investing in Odessa, Delaware (19730)
Should you buy in 19730 (Odessa, DE)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Odessa, DE (19730)?
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Market Analysis: 19730 Odessa
Not every below-median market is a bargain. Odessa's 19730 ZIP stands at signals that favor experienced operators who can absorb the risk $412K pricing implies.
Rent of $1,512/mo on a $412K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 19730 sits below the stated 0.0% once reality is priced in.
In the broader DE picture, 19730 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A solid renter share of 9% in 19730 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. notable returns are possible in 19730, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Odessa:
Market Trends
Home Value History (with trend line)
📊 How Does 19730 Compare?
| Metric | 19730 | Odessa | Delaware |
|---|---|---|---|
| Home Value | $411,747 | $411,747 | $397,840 |
| 5-Year CAGR | 6.4% | 6.4% | 6.7% |
| Avg Rent | $1,512 | $1,512 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 19730 (Odessa, DE). Anonymous, moderated, never written by AI.
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Property managers serving New Castle County
Manage rentals here? List your business →REDA One offers real estate management software, including CRM, leasing, property management, accounting, and digital experience modules. summary from their website
Swalm Property Management provides property management solutions. summary from their website
WOLFBOATS is a platform for online games with unlimited bonuses. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $411,747 |
| Monthly Rent | $1,512 |
| Price-to-Rent | 22.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +9.9% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 19730
Population: 506
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 19730
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Brick Mill Early Childhood Center
Brick Mill Elementary School
Bunker Hill Elementary School
Cedar Lane Elementary School
Lorewood Grove Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are rents high in Odessa, DE?
Investors in Odessa, DE typically see rents near $1,512/mo per month against $412K home values - a solid setup for rental cash flow.
Is Odessa, DE a good market for FHA house hackers?
For house hackers, Odessa, DE is a challenging. The $1,512/mo rent on a unit helps defray the mortgage on a $412K property.
Is Odessa, DE a good place for real estate investing?
Odessa, DE rates 3.0/5 for investability. With median values at $412K and rents near $1,512/mo, the market offers reasonable fundamentals for rental investors.
How much does a house cost in Odessa, DE?
Odessa, DE home values average about $412K. That price point suits investors targeting rentals with $1,512/mo in monthly income.
How do experienced investors play Odessa, DE?
Most investors in Odessa, DE run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
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