Real Estate Investing in Wilmington, Delaware (19808)
Should you buy in 19808 (Wilmington, DE)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 Wilmington, DE (19808)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 19808 Wilmington
The 19808 ZIP in Wilmington, DE is a local-operator market. Outside capital chasing a $376K entry has to pair deep knowledge with the discount.
For an experienced owner, 19808 can be a a credible choice for hunting ground — but the discount at $376K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Wilmington have seen price recovery that 19808 has not matched. New Castle County data supports the view that the spread is structural rather than temporary.
The demographic picture in 19808 includes headwinds that any investor should price in. Income distribution skews lower than Wilmington averages, and tenant stability requires active management.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Wilmington:
Property Strategy for 19808
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $194,793 | $1,440 | 5.3% | +10.0% | $194,793 |
| 2BR | $269,226 | $1,720 | 4.6% | +6.6% | $134,613 |
| 3BR | $344,130 | $2,060 | 4.3% | +6.7% | $114,710 |
| 4BR | $448,929 | $2,300 | 3.7% | +6.3% | $112,232 |
| 5BR | $543,372 | — | — | +7.1% | $108,674 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 19808 Compare?
| Metric | 19808 | Wilmington | Delaware |
|---|---|---|---|
| Home Value | $375,939 | $405,393 | $397,840 |
| 5-Year CAGR | 5.4% | 6.2% | 6.7% |
| Avg Rent | $2,153 | $1,881 | - |
| Cap Rate | 4.5% | 4.5% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 19808 (Wilmington, DE). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 19808 (Wilmington, DE)?
~25 seconds · no account needed · your report is anonymous
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 | $375,939 |
| Monthly Rent | $2,153 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (4.5%). 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 19808
Population: 38,334
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 19808
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Richardson Park Elementary School
Richey Elementary School
Stanton Middle School
Red Clay Early Years Program
Delcastle Technical High 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
Investor Insight: With 653 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Wilmington, DE?
Wilmington, DE median home values land near $376K. That is reasonable territory for investors looking at $2,153/mo-per-month rentals.
Should investors consider Wilmington, DE?
Yes - Wilmington, DE a 3.0/5 investability score. With $376K home prices against $2,153/mo monthly rent, the market delivers a reasonable entry point for new investors.
What does house hacking look like in Wilmington, DE?
House hacking works a challenging in Wilmington, DE. Rents of $2,153/mo against $376K acquisition make the strategy solid for owner-occupants.
How strict are landlord regulations in Wilmington, DE?
Wilmington, DE falls under DE landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
What kind of tenants rent in Wilmington, DE?
Tenant demand in Wilmington, DE is solid. The local workforce $2,153/mo rents across most rental classes.
See what 19808 really looks like for investors
You're reading the free snapshot. Unlock appreciation trends, cap rates, vacancy signals, Section 8 data, and full demographics for 19808.
AI Market Advisor
Ask questions about investing in 19808 (Wilmington)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 19808 (Wilmington, DE).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.