Real Estate Investing in Frankford, Delaware (19945)
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Should you buy in 19945 (Frankford, 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.
- High vacancy: 33.7% of homes vacant — above national norms.
What’s happening in Frankford, DE (19945)?
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Market Analysis: 19945 Frankford
ZIP 19945 inside Sussex County looks affordable on the surface — median value of $490K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 19945 can be a a credible choice for hunting ground — but the discount at $490K reflects genuine risk that outside investors often underestimate.
Within DE, ZIP 19945 trails on several market indicators that neighboring Sussex County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Resident income in 19945 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 19945 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Frankford:
Property Strategy for 19945
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $325,071 | $1,470 | 3.3% | +7.9% | $162,536 |
| 3BR | $468,677 | $1,850 | 2.8% | +8.4% | $156,226 |
| 4BR | $602,386 | $2,280 | 2.7% | +6.6% | $150,596 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 19945 Compare?
| Metric | 19945 | Frankford | Salisbury, MD-DE | Delaware |
|---|---|---|---|---|
| Home Value | $490,063 | $490,063 | N/A | $397,840 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 6.7% |
| Avg Rent | $2,000 | $2,000 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 19945 (Frankford, DE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $490,063 |
| Monthly Rent | $2,000 |
| Price-to-Rent | 20.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (3.2%). 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 19945
Population: 8,917
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 19945
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
Frequently Asked Questions
How much should I expect to pay for a home in Frankford, DE?
Median home price in Frankford, DE is near $490K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
How qualified is the tenant pool in Frankford, DE?
Frankford, DE offers a predictable renter base at the $2,000/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Frankford, DE a friendly market for rental owners?
Landlord-friendliness in Frankford, DE is balanced. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Are there empty rentals in Frankford, DE?
Expect elevated vacancy in Frankford, DE. Rents at $2,000/mo are absorbed by the tenant base without meaningful lag.
Is house hacking profitable in Frankford, DE?
The house hack math a challenging in Frankford, DE. Owner-occupant buyers benefit from the $2,000/mo rents and $490K home values.
You know 19945 now. You don’t know where it ranks.
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How 19945 ranks in Salisbury, MD-DE
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