Real Estate Investing in Millville, Delaware (19967)
Should you buy in 19967 (Millville, 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.
- High vacancy: 32.4% of homes vacant — above national norms.
What’s happening in Millville, DE (19967)?
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Market Analysis: 19967 Millville
Investors eyeing 19967 need to respect the fundamentals at play. Home values of $502K come alongside slower price movement and elevated management overhead.
In practical terms, the numbers look inviting — $502K purchase price, 0.0% nominal cap — the work to hit that pro forma in 19967 is substantial and deserves full respect.
Regionally, 19967 sits on the difficult end of the DE spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
A solid renter share of 7% in 19967 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 19967 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Millville:
Property Strategy for 19967
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $471,128 | $2,640 | 4.0% | +6.3% | $157,043 |
| 4BR | $535,647 | $3,260 | 4.4% | +6.0% | $133,912 |
Market Trends
Home Value History (with trend line)
📊 How Does 19967 Compare?
| Metric | 19967 | Millville | Salisbury, MD-DE | Delaware |
|---|---|---|---|---|
| Home Value | $501,766 | $501,766 | N/A | $397,840 |
| 5-Year CAGR | 3.1% | 3.1% | N/A | 6.7% |
| Avg Rent | $1,890 | $1,890 | N/A | - |
| 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 19967 (Millville, DE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $501,766 |
| Monthly Rent | $1,890 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | -2.2% ▼ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 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 (2.9%). 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 19967
Population: 2,093
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 19967
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Lord Baltimore 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
Does Millville, DE favor landlords or tenants?
DE ranks as a balanced state for landlord-tenant law. Millville generally follows the statewide framework, so landlords face reasonable operating rules.
Is it easy to find good tenants in Millville, DE?
Working renters make up the core of the Millville, DE tenant base. The pool is reasonable for investors targeting long-term holds.
Do rentals sit vacant long in Millville, DE?
Millville, DE sees elevated vacancy, which is reasonable relative to the broader DE rental market.
How do experienced investors play Millville, DE?
Most investors in Millville, 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.
How much does a house cost in Millville, DE?
Millville, DE median home values land near $502K. That is reasonable territory for investors looking at $1,890/mo-per-month rentals.
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