The story of this market
The typical home in Wilmington, Delaware sells for about $245,000, or $169 per square foot.
Prices are up +11.4% from a year ago, so sellers still have some momentum. Homes take about 39 days to sell. HUD's fair market rent for a two-bedroom is $1,187 a month.
Monthly price momentum
Home values since 2015
+2%
DE · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Wilmington, Delaware
The Wilmington housing market is currently experiencing a seller's market characterized by rising prices and limited inventory. Strong demand, particularly in revitalized areas like the Riverfront, is driving a 11.4% year-over-year price increase. While affordability remains a challenge for some residents, the city's economic stability and ongoing development projects continue to support market liquidity.
No ARED county foreclosure postings attributed to Wilmington yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).
Deterministic aggregate of 10 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 0.3% year over year.
Homes spend a median of 48 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 1.75% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.5% · poverty 23.2% — a mixed stability profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A revitalized area featuring restaurants, shops, and the Chase Center on the Riverfront, serving as a major social hub.
A large urban park designed by Frederick Law Olmsted, offering trails and green space along the Brandywine River.
A prominent cultural institution known for its collection of American art and Pre-Raphaelite works.
Wilmington is well-suited for urban professionals, commuters working in the financial sector, and families seeking access to city amenities. The market also attracts investors interested in the city's ongoing revitalization projects and steady demand for affordable rental housing.
Public schools in Wilmington are primarily served by the Christina School District and other regional districts, with performance ratings varying significantly by campus. The city is a focal point for ongoing educational reform and investment in Delaware's public school system.
The city is a key stop on the Amtrak Northeast Corridor, providing high-speed rail access to Philadelphia, New York, and Washington D.C. Local transit is supported by DART First State bus services.
Wilmington offers a robust amenity base including the extensive Wilmington Riverfront, numerous city parks like Brandywine Park, and cultural institutions such as the Delaware Art Museum. The city's compact layout provides residents with walkable access to dining, shopping, and entertainment districts.
The rental market in Wilmington is characterized by high demand, with a significant portion of the population living in renter-occupied housing. Vacancy rates remain relatively tight, and the city sees consistent interest from investors looking for workforce housing opportunities.
Wilmington's economy is heavily driven by the financial services, legal, and chemical industries. The city serves as a corporate headquarters hub, providing a stable employment base that supports local housing demand.
Wilmington serves as a major corporate and financial hub, anchored by the banking and legal sectors. Recent development momentum is concentrated along the Riverfront, which has transformed from industrial use into a mixed-use destination for residential and commercial growth.
Development is currently focused on the continued expansion of the Riverfront and the revitalization of older residential neighborhoods. These projects aim to increase housing density and improve connectivity within the city core.
Parcels in Wilmington are subject to various special districts, including school districts and municipal utility authorities that manage water and sewer services.
Wilmington experiences crime rates that are higher than the national average, with localized areas of concern. The city continues to implement community-based policing and revitalization efforts to address public safety trends.
The city faces moderate risks related to urban flooding in low-lying areas near the Christina and Brandywine rivers. Property insurance markets remain stable, though coastal and riverine proximity necessitates standard flood insurance coverage for many residential parcels.
Property insurance in Wilmington is generally available, though owners in flood-prone zones near the city's rivers may face higher premiums and mandatory flood insurance requirements.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Delaware) — Agricultural Lands Preservation and Farmland Assessment Act Exemption: Qualifying land is valued based on its agricultural use productivity capability rather than fair market value, substantially reducing the taxable assessed baseline. State (Delaware) — Senior School Property Tax Credit and Elderly/Disability Exemption Framework: Provides a partial credit/exemption against property taxes. Under the Senior School Property Tax Credit (14 Del. C. § 1919), qualifying seniors receive a tax credit up to 50% of the school property tax up to a statutory dollar cap (e.g., $500 max). At the county level (e.g. State (Delaware) — County Assessment Ratio and Ad Valorem Property Taxation Structure: Delaware levies property taxes at county, municipal, and school district levels (the state itself levies no state-level property tax).
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from Census Reporter and U.S. Census Bureau QuickFacts.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.