Real Estate Investing in Harbeson, Delaware (19951)
Should you buy in 19951 (Harbeson, DE)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.2% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 32.0 — hard to cash-flow at these prices.
What’s happening in Harbeson, DE (19951)?
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Market Analysis: 19951 Harbeson
Not every below-median market is a bargain. Harbeson's 19951 ZIP stands at signals that favor experienced operators who can absorb the risk $528K pricing implies.
For an experienced owner, 19951 can be a a viable market for hunting ground — but the discount at $528K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 19951 among DE's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 19951 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. robust returns are possible in 19951, 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 Harbeson:
Property Strategy for 19951
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $498,629 | $1,920 | 2.8% | +7.7% | $166,210 |
| 4BR | $613,886 | $2,380 | 2.8% | +5.9% | $153,471 |
Market Trends
Home Value History (with trend line)
📊 How Does 19951 Compare?
| Metric | 19951 | Harbeson | Salisbury, MD-DE | Delaware |
|---|---|---|---|---|
| Home Value | $528,090 | $528,090 | N/A | $397,840 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 6.7% |
| Avg Rent | $1,377 | $1,377 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
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 19951 (Harbeson, DE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $528,090 |
| Monthly Rent | $1,377 |
| Price-to-Rent | 32.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (2.0%). 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 19951
Population: 1,957
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How do home values compare in Harbeson, DE?
Harbeson, DE home values average about $528K. That price point suits investors targeting rentals with $1,377/mo in monthly income.
How quickly do rentals get leased in Harbeson, DE?
Occupancy in Harbeson, DE runs stable with elevated vacancy. Well-priced units at $1,377/mo lease on reasonable timelines.
Is Harbeson, DE good for landlords?
The landlord environment in Harbeson, DE is balanced. Statewide rules shape most day-to-day operations for rental owners.
Can I house hack in Harbeson, DE?
For house hackers, Harbeson, DE is a challenging. The $1,377/mo rent on a unit helps defray the mortgage on a $528K property.
What strategy should investors use in Harbeson, DE?
Harbeson, DE investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($528K prices, $1,377/mo rents) make it a reasonable choice.
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