Real Estate Investing in Frederica, Delaware (19946)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 19946 (Frederica, DE)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.8% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Frederica, DE (19946)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 19946 Frederica
ZIP 19946 in Frederica, DE carries a durable set of headwinds. Home values near $374K and rents of $1,251/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 19946 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader DE picture, 19946 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 19946 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 19946 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Frederica:
Property Strategy for 19946
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $228,248 | $1,390 | 4.4% | +9.3% | $114,124 |
| 3BR | $344,603 | $1,930 | 4.0% | +8.6% | $114,868 |
| 4BR | $430,901 | $2,160 | 3.6% | +7.3% | $107,725 |
Market Trends
Home Value History (with trend line)
📊 How Does 19946 Compare?
| Metric | 19946 | Frederica | Dover, DE | Delaware |
|---|---|---|---|---|
| Home Value | $374,455 | $374,455 | N/A | $397,840 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 6.7% |
| Avg Rent | $1,251 | $1,251 | 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 19946 (Frederica, DE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $374,455 |
| Monthly Rent | $1,251 |
| Price-to-Rent | 24.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 19946
Population: 5,508
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 19946
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 4,203 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are eviction rules reasonable in Frederica, DE?
DE law balanced for landlords, and Frederica inherits those rules. Investors should still review local ordinances for rental licensing.
How deep is the rental pool in Frederica, DE?
The renter base in Frederica, DE is reasonable for the $1,251/mo price point. Screening well and pricing to market typically yields steady tenants.
What price range are homes in Frederica, DE?
Frederica, DE median home values land near $374K. That is reasonable territory for investors looking at $1,251/mo-per-month rentals.
Is house hacking profitable in Frederica, DE?
Frederica, DE offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,251/mo rent level.
Is Frederica, DE a good market for buy-and-hold investors?
Yes - Frederica, DE a 3.0/5 investability score. With $374K home prices against $1,251/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 19946 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 19946 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 19946 ranks in Dover, DE
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