Real Estate Investing in Delmar, Delaware (19940)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 19940 (Delmar, DE)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.3% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 25.5 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Delmar, DE (19940)?
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Market Analysis: 19940 Delmar
Not every below-median market is a bargain. Delmar's 19940 ZIP reports signals that favor experienced operators who can absorb the risk $347K pricing implies.
Rent of $1,134/mo on a $347K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 19940 sits below the stated 0.0% once reality is priced in.
ZIP 19940's metrics run below Sussex County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 19940 includes headwinds that any investor should price in. Income distribution skews lower than Delmar averages, and tenant stability requires active management.
New investors are better served looking at Delmar's stable or hybrid ZIPs before stepping into 19940. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Delmar:
Property Strategy for 19940
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $337,633 | $1,590 | 3.4% | +6.9% | $112,544 |
| 4BR | $391,784 | $1,980 | 3.6% | +6.7% | $97,946 |
Market Trends
Home Value History (with trend line)
📊 How Does 19940 Compare?
| Metric | 19940 | Delmar | Salisbury, MD-DE | Delaware |
|---|---|---|---|---|
| Home Value | $346,609 | $346,609 | N/A | $397,840 |
| 5-Year CAGR | 3.2% | 3.2% | N/A | 6.7% |
| Avg Rent | $1,134 | $1,134 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 19940 (Delmar, DE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $346,609 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 25.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). 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 19940
Population: 7,108
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 19940
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Delmar Elementary
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 658 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Delmar, DE?
Homes in Delmar, DE typically sell near $347K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Do rentals sit vacant long in Delmar, DE?
Delmar, DE carries elevated vacancy risk. Expect reliable absorption at market rents of $1,134/mo.
Is Delmar in DE worth investing in?
Delmar, DE reports an investability rating of 3.0/5, with median home values near $347K and average rents around $1,134/mo. That combination puts it in the significant tier for investor interest.
Is Delmar, DE landlord-friendly?
Delmar, DE falls under DE landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
Are renters plentiful in Delmar, DE?
Tenant quality in Delmar, DE ranks as solid. Landlords generally report stable occupancy at market rents of $1,134/mo.
You know 19940 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 19940 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 19940 ranks in Salisbury, MD-DE
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