Welcome to our 19711 real estate data hub, tailored for investors in Newark, DE. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 19711 in Newark, DE. Discover Section 8 housing opportunities and challenges to maximize your investment potential in NEW CASTLE COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Newark, DE real estate investing. Uncover the wealth of information available, and position yourself for success in the Newark property market.
-
Location Overview
- Zip Code: 19711
- City: Newark
- State: DE
- Metro Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- County Name: NEW CASTLE COUNTY
-
Real Estate Market Snapshot
- Average Home Price (All Types): $384,168
- Average Home Price (Single Family Homes): $387,228
- Average Monthly Rental Price (All Types): $1,978
- Price-to-Rent Ratio: 16
- Zillow Projected % appreciation from 4/2023-4/2024: 0.8%
-
Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,520
- Average 3 Bedroom Section 8 Rental Rates: $1,850
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 21.06
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 17.3
- Number of Units Offered in Section 8 in the County: 3810
- Number of Occupied Units in Section 8 in the County: 3616
- Percentage of Section 8 Units Occupied in the County: 94.90000153%
-
Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 142.87
- Total % Appreciation since 2000 (Government Data): 114.4
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.11%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.1%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 22.88%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 24.95%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 43.42%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 13.3%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 65.98%
-
Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.77%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 11.49%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 36.28%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 50.58%