Wilmington
Delaware · Ranked #49 of 102 metros
50Moderate
Median Home Price
🏠$340K
Need $98K income
Median Rent
🔑$1K
Need $52K income
Housing Shortage
📉10,000
units needed
Building Permits
🔨4,000
annual
Median Income
💰$69K
Pop: 580,000
Rent Burden
⚠️31.5%
of renters paying >30%
Price Change (YoY)
📈+4.5%
Homeownership
🏡68.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Wilmington | National |
|---|---|---|
| Price-to-Income Ratio | 5x | 6.1x |
| Rent Burden | 31.5% | 31.5% |
| Homeownership Rate | 68.0% | 65.5% |
| YoY Price Change | +4.5% | +3.5% |
| YoY Rent Change | +3.5% | +2.8% |
| Mortgage Denial Rate | 13.5% | 13.5% |
| Eviction Rate | 4.5% | 3.6% |