Rent to own Homes in Wilmington, DE
Wilmington is a city in New Castle Country, in the State of Delaware. It is situated around 24 miles from Philadelphia and there are 72,664 living within the limits of the settlement. It is officially a part of the Wilmington- Newark MSA. The town was colonized by the Swedish in 1638. The Dutch then occupied the area, and named the town Altena. Following British colonization in 1664, the Brits renamed the town Wilmington, and it has been recognized as such to this day.
Wilmington, DE is a great place for affordable rent-to-own homes! With a median household income of over $45,139 and a median rent of $1,030, the Wilmington, DE rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Wilmington, DE. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Wilmington, DE Property Resources
Rent to own Homes in Cities Near Wilmington, DE
- Aldan
- Arden
- Ardmore
- Bear
- Berwyn
- Boothwyn
- Brookhaven
- Caln
- Chesterbrook
- Claymont
- Clifton Heights
- Collingdale
- Colwyn
- Darby
- Delaware City
- Downingtown
- Drexel Hill
- Eagleview
- Eddystone
- Essington
- Folsom
- Glasgow
- Hamorton
- Holmes
- Kennett Square
- Lansdowne
- Lima
- Lincoln University
- Lionville
- Marcus Hook
- Middletown
- Newport
- Newtown Square
- Norwood
- Pike Creek
- Pike Creek Valley
- Prospect Park
- Rose Valley
- Rutledge
- Sharon Hill
- South Coatesville
- Swarthmore
- Thorndale
- Thornton
- Upland
- Village Green-Green Ridge
- West Chester
- Wilmington
- Woodlyn
- Yeadon
Neighborhoods in Wilmington, DE
Westmoreland rent to own homes Old Swedes Historic District rent to own homes South Wilmington rent to own homes North Brandywine rent to own homes Cool Spring rent to own homes Wawaset Park rent to own homes Trinity Vicinity rent to own homes Bancroft Parkway rent to own homes Baynard Village rent to own homes Brandywine Hills rent to own homesPopular Zip Codes in Wilmington, DE
19801 rent to own homes 19884 rent to own homes 19806 rent to own homes 19890 rent to own homes 19895 rent to own homes 19802 rent to own homesBuying a Home in Wilmington, DE
Wilmington, DE is seeing rapid growth and Wilmington, DE's' housing market remains optimal with an average home price that is -20% below the 2024 national average. Wilmington, DE is part of New Castle county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county New Castle is 0.55% which is below the national average, which is 0.99%.
Median Home Price in Wilmington, DE
Median Rent in Wilmington, DE
Top Reasons to Live in Wilmington DE
Housing Statistics Per square foot, the average pricing of housing in Wilmington is approximately $155. When comparing this figure to last year's, a 9.2% rise is visible. The median sales price in the area for houses was last recorded as $215,000, judging from 531 different sales. This figure is accurate for May 13 to July 13. This statistic shows a total increase of 4.4% which is translated as $9,000. In the last year, home sales have dropped a total of 16.2%. 1097 houses are available either for resale, as new homes, or pre-foreclosure, at the auction-stage or owned by the bank. Homes are available to rent or own. The average listing price in the area currently sits at $253,012. Compared to the week prior, this shows a 1.5% drop. Some popular neighborhoods in the area are Highlands and Hilltop. It remains a popular place to find rent to own homes.
Nightlife Wilmington is renowned for having a wide selection of lively bars and a generally thriving nightlife. The Blue Parrot Bar & Grille, located on 1934 W 6th St is styled with New Orleans in mind, serving a range of trademark drinks and delicious Cajun cooking. Visitors should check out the Martini menu.
School Systems The New Castle School District has divided itself into four distinct districts. These districts are as follows: Brandywine, Red Clay Consolidated, Colonial and Christina, which is the biggest of all four. The four districts touch Wilmington, and function for different purposes. For instance, the Christina School District encompasses programs for gifted kids and children with special needs. There is a strong public school system, in addition with seven private high schools and 10 private primary and middle schools. The Brandywine district holds 10,102 pupils in a total of 18 buildings. The Christina district holds 19,000 pupils and the Red Clay Consolidated district holds 16,000 pupils. Quite recently 5 post-high school institutions have been established in Wilmington, alongside Delaware State University, Drexel University, University of Delaware, West Chester University of Pennsylvania and other higher-education institutes. Many young parents with kids relocate to Wilmington in search of rental houses in popular school districts.
Transportation and Commutes There are many ways to access and exit the city. Close-proximity with the Philadelphia Airport means that Wilmington is more than a little easy to access by plane, as it is just a 25-minute-drive away. Due to the fact that is located in the heart of the popular northeast corridor, it also lends itself to those traveling by car. It is close to Interstate 95 and U.S routes 13,40,41 and 202. The Amtrak Station in Wilmington offers an efficient passenger service which connects with a plethora of main destinations. Any visitor coming in from major cities like New York, Philadelphia or Washington D.C can hop onto the Acela Express and find themselves within five minutes of a number of hotels and downtown stores.
Local Sports For sports fans, spectating opportunities are plentiful. The Wilmington Blue Rocks is a minor league team which plays regularly for the local crowd of thousands at the Daniels S. Frawley Stadium, located on Madison Street. The Delaware Park Race provides plenty of entertainment for racing fans. Here, visitors will find daytime races at the Delaware Park from April to September. The du Pont Country Club of Wilmington also welcomes the world's best female golfers to compete in the LPGA McDonald's Championship. At the nearby Dover International Speedway, NASCAR fans can watch the adrenaline-pumping event twice a year.