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Foreclosures in Wilmington, DE 19803

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Living in Wilmington, DE

Wilmington, DE, is a charming city with a rich history and a vibrant cultural scene. The area offers excellent amenities, schools, and parks, making it ideal for families and young professionals. Its proximity to major cities and transportation options enhances its appeal as a real estate investment destination.

Current Market Conditions in Wilmington, DE

The real estate market in Wilmington is currently favorable for investors, with property values showing a steady increase over the past few years. With a diverse economy and a growing job market, the demand for housing continues to rise, making it an attractive location for residential investments.

Additionally, Wilmington has seen an influx of new businesses and developments, contributing to its economic growth. This trend signifies a strong potential for appreciation in property values, making it an appealing option for real estate investment.

Home Value Estimator For Wilmington, DE

There are currently 77,482 real estate properties in Wilmington, DE, with a median automated valuation model (AVM) price of $346,442.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wilmington, DE, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Wilmington, DE, is $403,188.00, with the most expensive house in Wilmington, DE, topping out at $81,106,616.00 and the cheapest home in Wilmington, DE, clocking in at $10,018.00. In other words, there’s something for every potential homebuyer or savvy investor in Wilmington, DE!

Rent Prices In Wilmington, DE

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wilmington, DE, is on a rollercoaster ride. The average rent price in Wilmington, DE, is $1,563.00. Indeed, when looking to rent in Wilmington, DE, you can expect to pay as little as $730.00 or as much as $4,480.00, with the average rent median estimated to be $1,450.00. The good news is that finding an affordable and desirable property to rent in Wilmington, DE -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Wilmington, DE 19803 Foreclosures

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