Rental Markets in Delaware

DoorBase tracks rental market data across Delaware by ZIP code. This state page is a crawlable index for investors comparing rents, cap-rate estimates, vacancy, demographics, home values, renter share, household income, and employment conditions before drilling into individual ZIP pages.

Delaware Rental Market Overview

The current sample of indexable Delaware ZIP markets shows average median rent of $1,729, average median home value of $416,208, average cap-rate high of 4.1%, average vacancy of 12.9%, renter ratio near 24.2%, and median household income around $84,860. These statewide figures are directional and should be used to compare markets before reviewing a specific ZIP code.

Delaware is not one rental market. Large cities, inner suburbs, commuter towns, college markets, rural counties, resort areas, and industrial corridors can produce very different rent levels and ownership economics. DoorBase keeps the canonical content at the ZIP level so investors can move from a broad state view into the most precise local data available.

Featured Delaware ZIP Markets

ZIP	City	Rent	Cap Rate	Vacancy	Population
19720	New Castle	$1,709	3.6-5.2%	4.8%	60,593
19702	Newark	$1,988	3.3-4.9%	2.7%	56,049
19709	Middletown	$2,754	2.9-4.5%	1%	50,542
19711	Newark	$2,046	2.7-4.3%	7.9%	49,113
19701	Bear	$2,336	3.2-4.8%	3.3%	44,801
19805	Wilmington	$1,653	4.6-6.2%	7.7%	40,315
19901	Dover	$1,634	2.7-4.3%	7%	39,149
19808	Wilmington	$2,297	3.7-5.3%	2.8%	38,334
19904	Dover	$1,735	2.8-4.4%	7.9%	38,125
19966	Millsboro	$2,016	2.9-4.5%	22.9%	34,892
19713	Newark	$2,001	3.7-5.3%	5.2%	30,549
19958	Lewes	$2,368	2.1-3.7%	26%	29,599
19977	Smyrna	$1,366	1.7-3.3%	6.5%	27,164
19810	Wilmington	$2,039	2.3-3.9%	3.6%	25,859
19973	Seaford	$1,131	1.8-3.4%	7.4%	25,786
19802	Wilmington	$1,634	5-6.6%	9.4%	25,670
19963	Milford	$1,866	3.1-4.7%	9%	22,544
19803	Wilmington	$2,777	3.1-4.7%	2%	21,971
19947	Georgetown	$1,298	1.7-3.3%	8.8%	19,343
19804	Wilmington	$1,837	3.9-5.5%	5.5%	18,231
19707	Hockessin	$2,850	2.6-4.2%	4.7%	17,366
19956	Laurel	$923	1.3-2.9%	8.3%	16,274
19801	Wilmington	$1,793	6.4-8%	14.4%	16,170
19703	Claymont	$1,710	3-4.6%	4.2%	15,936
19971	Rehoboth Beach	$2,548	1.4-3%	53.3%	15,528
19809	Wilmington	$1,668	2.9-4.5%	4.5%	15,129
19968	Milton	$1,408	1.3-2.9%	17.4%	14,791
19734	Townsend	$1,342	1.2-2.8%	5%	14,151
19934	Camden	$2,017	3-4.6%	5%	13,579
19943	Felton	$2,350	3.5-5.1%	8.6%	13,167
19962	Magnolia	$1,205	1.2-2.8%	4.4%	12,618
19933	Bridgeville	$3,032	5.2-6.8%	6.8%	11,409
19952	Harrington	$1,183	1.7-3.3%	6.2%	10,730
19975	Selbyville	$1,098	0.7-2.3%	44.6%	10,356
19806	Wilmington	$1,971	3.1-4.7%	7.4%	9,934
19938	Clayton	$1,624	1.9-3.5%	2.6%	9,867
19945	Frankford	$2,000	2.2-3.8%	35%	8,917
19970	Ocean View	$2,448	2.5-4.1%	53.8%	8,265
19939	Dagsboro	$1,375	1.4-3%	24.4%	7,833
19950	Greenwood	$1,304	1.7-3.3%	7.2%	7,822
19807	Wilmington	$1,600	0.2-1.8%	7.2%	7,763
19940	Delmar	$938	1.2-2.8%	13.3%	7,108
19960	Lincoln	$1,306	1.8-3.4%	8.2%	7,083
19946	Frederica	$1,282	1.7-3.3%	9.8%	5,508
19953	Hartly	$1,063	1.2-2.8%	7.1%	4,614
19941	Ellendale	$1,054	1.3-2.9%	8.8%	3,120
19930	Bethany Beach	$1,542	0.3-1.9%	83.3%	2,873
19967	Millville	$1,730	1.7-3.3%	33.5%	2,093
19706	Delaware City	$1,420	2.6-4.2%	5.2%	2,059
19954	Houston	$1,205	1.7-3.3%	5.5%	1,728
19730	Odessa	$1,344	1.6-3.2%	8.8%	506
19979	Viola	$1,708	2.7-4.3%	not available	503
19936	Cheswold	$1,135	6.2-7.8%	12.5%	176

Notable ZIP Markets in This Sample

The highest estimated cap-rate band in this sample tops out at 8.0% in ZIP 19801 (Wilmington).

The lowest vacancy in this sample is 1.0% in ZIP 19709 (Middletown).

The highest median rent in this sample is $3,032 in ZIP 19933 (Bridgeville).

The highest median household income in this sample is $172,161 in ZIP 19707 (Hockessin).

Rental Markets by City

Wilmington

Wilmington has 10 ZIP codes in this sample. Median rents range from $1,600 to $2,777. Estimated cap-rate bands reach up to 8.0% at the high end. Vacancy averages 6.5%. See ZIP 19805 for the full market profile.

Newark

Newark has 3 ZIP codes in this sample. Median rents range from $1,988 to $2,046. Estimated cap-rate bands reach up to 5.3% at the high end. Vacancy averages 5.3%. See ZIP 19702 for the full market profile.

Dover

Dover has 2 ZIP codes in this sample. Median rents range from $1,634 to $1,735. Estimated cap-rate bands reach up to 4.4% at the high end. Vacancy averages 7.5%. See ZIP 19901 for the full market profile.

New Castle

New Castle has 1 ZIP code in this sample. Sample median rent is $1,709. Estimated cap-rate bands reach up to 5.2% at the high end. Vacancy averages 4.8%. See ZIP 19720 for the full market profile.

Middletown

Middletown has 1 ZIP code in this sample. Sample median rent is $2,754. Estimated cap-rate bands reach up to 4.5% at the high end. Vacancy averages 1.0%. See ZIP 19709 for the full market profile.

Bear

Bear has 1 ZIP code in this sample. Sample median rent is $2,336. Estimated cap-rate bands reach up to 4.8% at the high end. Vacancy averages 3.3%. See ZIP 19701 for the full market profile.

Millsboro

Millsboro has 1 ZIP code in this sample. Sample median rent is $2,016. Estimated cap-rate bands reach up to 4.5% at the high end. Vacancy averages 22.9%. See ZIP 19966 for the full market profile.

Lewes

Lewes has 1 ZIP code in this sample. Sample median rent is $2,368. Estimated cap-rate bands reach up to 3.7% at the high end. Vacancy averages 26.0%. See ZIP 19958 for the full market profile.

Smyrna

Smyrna has 1 ZIP code in this sample. Sample median rent is $1,366. Estimated cap-rate bands reach up to 3.3% at the high end. Vacancy averages 6.5%. See ZIP 19977 for the full market profile.

Seaford

Seaford has 1 ZIP code in this sample. Sample median rent is $1,131. Estimated cap-rate bands reach up to 3.4% at the high end. Vacancy averages 7.4%. See ZIP 19973 for the full market profile.

Milford

Milford has 1 ZIP code in this sample. Sample median rent is $1,866. Estimated cap-rate bands reach up to 4.7% at the high end. Vacancy averages 9.0%. See ZIP 19963 for the full market profile.

Georgetown

Georgetown has 1 ZIP code in this sample. Sample median rent is $1,298. Estimated cap-rate bands reach up to 3.3% at the high end. Vacancy averages 8.8%. See ZIP 19947 for the full market profile.

How to Use the Delaware Directory

Start with the state page to understand the range of rental markets, then open individual ZIP pages for the numbers that matter most to underwriting. A state average can hide important local differences. One ZIP may have stronger rent growth and lower vacancy while a nearby ZIP has better purchase prices but weaker renter demand.

The most useful investor workflow is to compare rent, cap rate, vacancy, home value, renter ratio, household income, population growth, unemployment, and job growth together. No single number is enough. A high cap-rate estimate can be offset by weak income, high vacancy, or limited tenant demand. A lower cap-rate estimate can still make sense if the market has strong income, job growth, and durable renter demand.

State Coverage and Internal Links

This page links into the canonical ZIP URL structure, such as /rentals/de/30318, without bringing back city parent pages. That structure keeps DoorBase clean for search engines: state pages organize the directory, ZIP pages hold the canonical data, and future market guides can exist separately as heavier editorial SEO hubs.

DoorBase currently tracks 53 sampled ZIP markets across 41 Delaware cities in this crawlable state summary. The live React page may show a broader interactive directory after JavaScript loads, while this fallback body ensures crawlers receive meaningful text and links immediately.