Real Estate Investing in Wilmington, Delaware (19806)
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Should you buy in 19806 (Wilmington, DE)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Wilmington, DE (19806)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 19806 Wilmington
The 19806 ZIP covers a section of Wilmington that demands careful diligence. Prices near $363K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 19806 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Looking more closely, 19806 offers a low basis, the region around Wilmington has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Looking more closely, 9,934 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Wilmington:
Property Strategy for 19806
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $160,682 | $1,460 | 6.5% | +9.4% | $160,682 |
| 2BR | $267,740 | $1,740 | 4.7% | +8.1% | $133,870 |
| 3BR | $409,499 | $2,090 | 3.7% | +5.7% | $136,500 |
| 4BR | $564,302 | $2,330 | 3.0% | +6.1% | $141,075 |
| 5BR | $705,885 | — | — | +7.6% | $141,177 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 19806 Compare?
| Metric | 19806 | Wilmington | Delaware |
|---|---|---|---|
| Home Value | $363,263 | $404,416 | $397,840 |
| 5-Year CAGR | 5.4% | 5.4% | 6.7% |
| Avg Rent | $2,028 | $1,955 | - |
| Cap Rate | 4.4% | 4.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 19806 (Wilmington, 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 | $363,263 |
| Monthly Rent | $2,028 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 Rent Trends
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). 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 19806
Population: 9,934
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 19806
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Baltz (Austin D.) Elementary School
duPont (Pierre S.) Middle School
Harlan (David W. ) Elementary School
Shortlidge (Evan G.) Academy
The Bayard School
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
Frequently Asked Questions
Does Wilmington, DE make sense for an investment property?
The 3.0/5 investability rating in Wilmington, DE reflects its $363K prices and $2,028/mo rents. Investors generally consider it a solid option within DE.
What is the typical rental rate in Wilmington, DE?
Investors in Wilmington, DE typically see rents near $2,028/mo per month against $363K home values - a solid setup for rental cash flow.
What is the rental occupancy rate in Wilmington, DE?
Wilmington, DE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What type of investing works in Wilmington, DE?
Investors usually favor careful cash-flow rentals with hands-on management in Wilmington, DE. With home values at $363K and rents near $2,028/mo, other strategies can work but produce stable rather than outsized returns.
How strong is tenant demand in Wilmington, DE?
Wilmington, DE draws a consistent base of working renters. Demand at the $2,028/mo rent level is reasonable for standard single-family and small multi rentals.
You know 19806 now. You don’t know where it ranks.
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How 19806 ranks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
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