There are currently 70,596 real estate properties in Wilmington, DE, with a median automated valuation model (AVM) price of $279,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wilmington, DE, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Wilmington, DE, is $305,571.00, with the most expensive house in Wilmington, DE, topping out at $8,772,700.00 and the cheapest home in Wilmington, DE, clocking in at $20,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Wilmington, DE!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wilmington, DE, is on a rollercoaster ride. The average rent price in Wilmington, DE, is $1,564.00. Indeed, when looking to rent in Wilmington, DE, you can expect to pay as little as $730.00 or as much as $4,480.00, with the average rent median estimated to be $1,460.00. The good news is that finding an affordable and desirable property to rent in Wilmington, DE -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Wilmington, DE area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Wilmington, DE and much more. Save thousands at closing with home foreclosure listings in Wilmington, DE — up to 75% off market value!
Wilmington is located in New Castle, Delaware, with an estimated municipal population of 70,166 residents. All of the best foreclosed homes for sale in Wilmington are located in the following zip code areas on Foreclosure.com: 19809 19802 19801 19806 19805 19850 19880 19884 19885 19886 19890 19893 19894 19895 19896 19898 19899. The estimated population per square kilometer (.62 miles) in Wilmington is 2,484.
So, about how much do homes cost in Wilmington? The most recent median value of resident-owned homes in Wilmington is 164,977. An estimated 43.4 percent of households in Wilmington own their homes, with an average family size of 3.37. The median household income in Wilmington is 45,032, with19.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Wilmington, the median commute time of resident workers (in minutes) is 22.9. And last, but certainly not least, are you looking for homes to rent in Wilmington? If so, the average rent price paid by renters in Wilmington is 1,001, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Wilmington, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Wilmington is 35.6, split between 47.4 percent male versus 52.6 female. The percentage of residents who report being married in Wilmington is 24, with an average family size of 3.37.
The percentage of residents who report their race in Wilmington is as follows:
|Black / African American||58.3%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Wilmington? Or maybe you are searching for 55+ active adult communities in and/or near Wilmington?
The percentage of residents who report their age in Wilmington is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Wilmington with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Wilmington.
How do you know that living in -- or moving to -- Wilmington is right where you need to be? Perhaps you grew up in Wilmington or already live nearby; therefore, the decision to buy a home in Wilmington is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Wilmington for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Wilmington:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Wilmington.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Wilmington can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Wilmington, meanwhile, can field multiple offers from more qualified buyers.