Wilmington
Delaware · Ranked #305 of 373 metros
50Moderate
💡
Housing in Wilmington costs 4.82× the median income, above the national average of 4.5×. The median home price is $370K and median rent is $1,426/month. Wilmington ranks #305 of 373 metros for affordability.
Median Home Price
🏠$370K
Need $98K income
Median Rent
🔑$1,426
Need $52K income
Housing Shortage
📉10,000
units needed
Building Permits
🔨4,000
annual
Median Income
💰$77K
Pop: 580,000
Rent Burden
⚠️31.5%
of renters paying >30%
Price Change (YoY)
📈+4.5%
Homeownership
🏡72.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Wilmington | National |
|---|---|---|
| Price-to-Income Ratio | 4.82x | 6.1x |
| Rent Burden | 31.5% | 31.5% |
| Homeownership Rate | 72.0% | 65.5% |
| YoY Price Change | +4.5% | +3.5% |
| YoY Rent Change | +3.5% | +2.8% |
| Mortgage Denial Rate | 13.5% | 13.5% |
| Eviction Rate | 4.5% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +61.6%Since 2000: +176.1%
Zillow Market Data
Home Value (ZHVI)
$434K
1yr: -1.1%5yr: +42.7%
Rent (ZORI)
$1,690/mo
1yr: +1.4%5yr: +32.0%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$310K
Active Inventory
27
Days on Market
49
Sold Above List
0.0%
Price Drops
18.5%