Real Estate Investing in Newark, Delaware (19702)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 19702 (Newark, DE)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Newark, DE (19702)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 19702 Newark
Not every below-median market is a bargain. Newark's 19702 ZIP stands at signals that favor experienced operators who can absorb the risk $355K pricing implies.
The investment case in 19702 is significant only for operators who understand what they are buying. A $355K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 19702 among DE's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 19702 includes headwinds that any investor should price in. Income distribution skews lower than Newark averages, and tenant stability requires active management.
New investors are better served looking at Newark's stable or hybrid ZIPs before stepping into 19702. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Newark:
Property Strategy for 19702
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $243,516 | $1,930 | 5.7% | +8.0% | $121,758 |
| 3BR | $317,639 | $2,310 | 5.2% | +7.4% | $105,880 |
| 4BR | $467,874 | $2,580 | 4.0% | +7.0% | $116,969 |
| 5BR | $545,986 | — | — | +7.2% | $109,197 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 19702 Compare?
| Metric | 19702 | Newark | Delaware |
|---|---|---|---|
| Home Value | $354,666 | $220,203 | $397,840 |
| 5-Year CAGR | 4.8% | 5.0% | 6.7% |
| Avg Rent | $1,885 | $1,957 | - |
| Cap Rate | 4.2% | 4.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 19702 (Newark, DE). Anonymous, moderated, never written by AI.
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Property managers serving New Castle County
Manage rentals here? List your business →REDA One offers real estate management software, including CRM, leasing, property management, accounting, and digital experience modules. summary from their website
Swalm Property Management provides property management solutions. summary from their website
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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $354,666 |
| Monthly Rent | $1,885 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 19702
Population: 56,049
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 19702
Schools in This ZIP Code
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
Investor Insight: With 653 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What type of investing works in Newark, DE?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Newark, DE. The numbers - $355K homes against $1,885/mo rents - support that play.
Do landlords face vacancy issues in Newark, DE?
Vacancy risk in Newark, DE is elevated. That supports stable cash flow for typical rental holds.
How much does a house cost in Newark, DE?
Expect median prices around $355K in Newark, DE. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Is Newark, DE good for landlords?
DE law balanced for landlords, and Newark inherits those rules. Investors should still review local ordinances for rental licensing.
Are rents high in Newark, DE?
Expect rents around $1,885/mo per month in Newark, DE. With home values at $355K, the yield math works out to reasonable levels for rental investors.
You know 19702 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 19702 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 19702 ranks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
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