Counties / Delaware / New Castle County

New Castle County, DE

FIPS 10003 · population 577,961 · part of Philadelphia, PA

$375k
Zillow home value · 2026-06
Direct county rent answer

What does rent cost in New Castle County, DE?

The latest county-level Zillow ZORI is $1,940 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.

County Zillow ZORI$1,9402026-06 · up 3.6% year over year
County ACS gross rent$1,448ACS 2024 5-year · occupied-renter survey
HUD two-bedroom FMR$1,810FY2026 · administrative standard
HUD Fair Market Rent by bedroom count in New Castle County
BedroomsHUD monthly FMRGeographyMeasurement boundary
Studio$1,397New Castle County, DEHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
1 bedroom$1,520New Castle County, DEHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
2 bedrooms$1,810New Castle County, DEHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
3 bedrooms$2,170New Castle County, DEHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
4 bedrooms$2,423New Castle County, DEHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.

Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26

The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$375k
▲ 2.1% year over year
Zillow ZHVI · direct
Median asking rent
$1,940
▲ 3.6% year over year
Zillow ZORI · direct
Gross yield
6.2%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,810
market rent is 1.07x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+49.7%not annualized · through 2025
0%ZILLOW ZHVI2026-06+2.1%FHFA HPI2025+2.8%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-08-02.
Owner-reported value$352k
Surveyed gross rent$1,448
Rent burden 30%+47.8%
Median year built1975
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
5.0%vacant
236,079estimated housing units
Occupied tenure31.0% renter
owner 69.0%renter 31.0%
Structure mix74.4% single-family
Single-family 74.4%20+ units 7.4%Mobile home 2.0%Other 16.2%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs305,857▲ 0.7% from the prior annual release
Covered establishments28,533annual average reporting locations
Average weekly wage$1,607▲ 4.0% from the prior annual release
Largest private supersectorEducation and health services22.1% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+0.7%WEEKLY WAGE+4.0%Education and health services22.1%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

Resident income

How local income has compounded

BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.

Per-capita personal income19692024
Per-capita personal income history for New Castle CountyA line chart of annual BEA per-capita personal income from 1969 through 2024.$0k$35k$70k196919972024$5k$70k
Nominal annual dollars; not adjusted for inflation. A rising line can reflect wage, business-income, transfer-income and investment-income changes together.
Renter affordability

Who carries the heaviest rent burden

HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.

Share of renter households in each income band2018-2022
Renter cost burden by HAMFI income band in New Castle CountyFive horizontal bars show moderate and severe housing cost burden shares among renter households in each HUD income band.0%25%50%75%100%At or below 30% HAMFI17,12576.5% burdened30–50% HAMFI12,42075.1% burdened50–80% HAMFI13,81040.1% burdened80–100% HAMFI8,2709.9% burdenedAbove 100% HAMFI18,5653.2% burdened
Moderate: >30% to 50%Severe: >50%
Each percentage uses HUD’s published subtotal for that income band. For disclosure, HUD keeps 0 as 0, publishes 1–7 households as 4 and rounds 8 or more to the nearest 5. Independently rounded categories can differ from their displayed sum and are not forced into a percentage.
Direct local rental evidence

Recent leases and rental-market liquidity in New Castle County, DE

These Apartment List observations match the exact county Census code 10003. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.

Direct recent-lease rent history

Monthly overall-rent index; missing observations are not filled from another geography.

$1,527$1,400$1,2722021-082026-07
Recent-lease rent$1,5272026-07 · +7.2% year over year
Rental vacancyn/an/a
Time on marketn/an/a
County brief

What the local evidence says

01Decision frame

New Castle County poses an income-versus-market-balance tension: its published 6.22% gross yield permits a preliminary rental screen, while Realtor.com’s active MLS listings increased 24.29% at its supplied observation, adding visible supply. It merits investigation by buyers prepared to test flood exposure and operating costs address by address; those relying on further price gains should be cautious. Zillow’s county observation for 2026-06 put median home value at $374,569 and median asking rent at $1,940 per month.

02Housing economics

That yield represents annual market rent before expenses, not net cash flow. Zillow’s median value rose 2.05% year over year at that observation. Separately, FHFA’s repeat-transaction HPI rose 2.82% in 2025; it is an appreciation index rather than a home value. The Zillow and FHFA measures have different methods and observation labels and must not be averaged. The effective property-tax rate is 0.71%, requiring parcel-level validation against assessments and tax bills. HUD FMR is a payment standard, not an asking-rent estimate or yield input.

03Demand & competition

Listing-market evidence is not proof of closed-sale demand: active listings are visible supply, while days on market, price reductions and pending data are not sale prices. QCEW’s annual average reports county workplace covered employment grew 0.68%; Education and health services is the largest disclosed private supersector, not the entire economy or a resident-employment measure. Investor mortgages were 519 of 5,755 purchases, or 9.02%, indicating a defined competitor cohort rather than total buyer composition. Tax-return migration was positive by 234 households, but moving-in households’ average AGI was $1,615 lower than movers’ average; this does not establish income-led demand.

04Risk & next checks

Inland flood is the dominant hazard, and modeled expected annual climate loss equals 0.14% of building value; it is a modeled ratio rather than a property-specific loss or insurance quote. Missing flood-zone, elevation, insurance, condition, debt terms, vacancy, repair, and neighborhood closed-sale/rent-comp evidence prevent calculation of net yield, debt-service coverage, replacement-cost exposure, or exit value. Verify tax assessments, insurance and flood history, lease comps, buyer financing, and purchase-mortgage composition before treating county evidence as property underwriting.

County ZIP rental landscape

How asking rent and renter pressure vary inside New Castle County, DE

This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.

Selected ZIP range$1,546$2,749Zillow asking-rent index
Monthly spread$1,203highest minus lowest selected ZIP
Observed burden range26.5%57.6%ACS renter households paying 30%+
Renter households covered60,068across the selected ZCTAs
01 · ASKING RENT LADDERDirect ZIP ZORI
Horizontal bars compare Zillow asking-rent indexes across the selected direct-evidence ZIP set.19709$2,74919701$2,45319711$2,28319808$2,12219806$1,91819801$1,88019702$1,87619720$1,74719713$1,74119805$1,67019703$1,62819802$1,546
02 · PRESSURE MATRIXRent × observed burden
Each point is one selected ZIP and ZCTA match. Horizontal position is Zillow asking rent and vertical position is the ACS renter cost-burden share.60.1%51.1%42.1%33.0%24.0%197021972019711198051980119802197131980819701197031980619709Zillow asking-rent index →ACS burden share →
03 · BENCHMARK GAPZORI vs HUD 2BR
Bars show the percentage difference between the Zillow blended asking-rent index and the local HUD two-bedroom standard. Their housing universes differ.19709+136.8%19711+124.8%19808+123.4%19801+116.8%19701+110.5%19806+110.2%19805+107.7%19720+106.5%19713+103.6%19703+99.3%19702+97.2%19802+96.6%
WHAT THE LOCAL DISTRIBUTION SAYS

New Castle County’s current Zillow ZORI—a typical observed asking-rent index—was $1,940, after a 3.6% year-over-year increase. In the selected ZIP evidence, the index ranges from $1,546 in 19802 to $2,749 in 19709: a $1,203 spread around a $1,878 median. That breadth makes the county figure a market frame rather than a quoted unit price. It cannot tell a renter which units are available, what concessions apply, or which lease charges change the all-in payment. The central choice is whether a particular listing’s present ask, bedroom count, and lease structure fit a household budget while also being relevant to any administrative payment benchmark.

Keep the three rent universes separate. ACS 2024 five-year ZCTA estimates put median gross rent between $1,192 and $1,827; they are survey-based resident rent measures rather than current observed asking rents. FY2026 HUD FMRs for two-bedroom units range from $1,550 to $2,220 and function as administrative standards, not listing prices. The ZIP ZORI index stands at 96.6% to 136.8% of the corresponding FMR. This arithmetic can flag where a current asking-rent index differs from the standard, but it does not make ZORI bedroom-specific or establish a unit’s program eligibility. It also should not be read as a timing-adjusted trend comparison because the measures have different construction and purpose.

Burden and vacancy add different, survey-based screens. The county’s ACS burden measure is 47.8% for renter households at or above the 30% threshold, alongside a 5.0% vacancy rate. Across the displayed ZIPs, burden ranges from 26.5% to 57.6%, and vacancy from 1.1% to 13.4%. ZIP 19802 pairs the top end of the burden range with a 9.3% vacancy rate, underscoring that the measures do not yield a simple ranking. Its required income at the standard budget share of the current index is $61,840 versus a $53,812 ACS median household income; that is a mechanical area comparison, not a finding about any individual household.

Coverage and geography limit how far this comparison travels. The display includes 12 of 15 eligible direct-ZORI ZIP/ZCTA matches, covering 60,068 renter households, so it is not a countywide inventory of listings or geographies. All selected ZIPs have a 100.0% largest HUD residential-address share assigned to New Castle County, yet ZIPs can cross county lines and Census ZCTAs are not USPS delivery ZIPs. Before acting on any ZIP-level signal, check the individual property’s current asking rent, bedroom and bath count, availability date, lease term, fees, utilities, concessions, and any applicable program’s precise rules.

Selected ZIP evidence

Keep each source universe visible

15 ZIP profiles passed the county gate; the 12 with the most renter households are shown.

ZIP / ZCTAZillow asking rentACS gross rentHUD 2BRBurden 30%+VacancyIncome screenHUD county share
19702$1,876$1,645$1,93039.7%3.3%$75k100.0%
19720$1,747$1,363$1,64055.2%4.5%$70k100.0%
19711$2,283$1,636$1,83049.5%8.3%$91k100.0%
19805$1,670$1,215$1,55050.6%7.5%$67k100.0%
19801$1,880$1,192$1,61044.6%13.4%$75k100.0%
19802$1,546$1,227$1,60057.6%9.3%$62k100.0%
19713$1,741$1,325$1,68043.5%4.6%$70k100.0%
19808$2,122$1,436$1,72035.9%2.0%$85k100.0%
19701$2,453$1,827$2,22047.5%2.8%$98k100.0%
19703$1,628$1,392$1,64040.7%3.8%$65k100.0%
19806$1,918$1,396$1,74046.1%9.6%$77k100.0%
19709$2,749$1,599$2,01026.5%1.1%$110k100.0%
READ BEFORE USING

The ACS figures are 2024 five-year estimates for ZCTAs, which are statistical areas rather than USPS delivery ZIPs. They may not match current listings, renter populations, or property boundaries, and their survey period differs from Zillow’s current asking-rent index.

The direct-ZORI selection is not an exhaustive county listing inventory. ZIPs may cross county lines, and assignment follows the largest HUD residential-address share; the provided Zillow index is not presented as bedroom-specific while HUD FMR is a bedroom-specific administrative benchmark, so their ratio is neither a unit quote nor an eligibility decision.

SOURCE LEDGERCensus ACS 5-year — county housing value, tenure and stockACS 2024 5-year · pulled 2026-07-30Census ACS five-year — ZCTA housing and incomeACS 2024 5-year ZCTA · pulled 2026-08-08HUD Fair Market Rents — Section 8 standardFY2026 FMR · pulled 2026-07-26HUD-USPS ZIP-to-county residential-address crosswalkHUD-USPS 2026Q1 · pulled 2026-08-09Zillow ZHVI and ZORI — county values and rentscounty ZHVI/ZORI 2026-06 · pulled 2026-07-26Zillow ZORI — ZIP market rentsZORI ZIP 2026-06 · pulled 2026-08-08
Cities & communities

Where people live within New Castle County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Wilmington city71.7KNewark city30.3KMiddletown town24.7KBear CDP22.4KGlasgow CDP15.5KBrookside CDP15.1KHockessin CDP13.4KSmyrna town*13.2K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

28 Census places

Population
  1. 01
    Wilmington cityIncorporated place
    71,727
  2. 02
    Newark cityIncorporated place
    30,330
  3. 03
    Middletown townIncorporated place
    24,661
  4. 04
    Bear CDPCensus-designated place
    22,370
  5. 05
    Glasgow CDPCensus-designated place
    15,546
  6. 06
    Brookside CDPCensus-designated place
    15,115
  7. 07
    Hockessin CDPCensus-designated place
    13,439
  8. 08
    Smyrna townIncorporated place · spans 2 counties
    13,165
  9. 09
    Pike Creek Valley CDPCensus-designated place
    12,431
  10. 10
    Claymont CDPCensus-designated place
    8,786
  11. 11
    Wilmington Manor CDPCensus-designated place
    8,214
  12. 12
    North Star CDPCensus-designated place
    7,834
Show 16 more places
  1. 13
    Pike Creek CDPCensus-designated place
    7,129
  2. 14
    Edgemoor CDPCensus-designated place
    6,349
  3. 15
    Elsmere townIncorporated place
    6,203
  4. 16
    New Castle cityIncorporated place
    5,579
  5. 17
    Clayton townIncorporated place · spans 2 counties
    4,222
  6. 18
    Greenville CDPCensus-designated place
    3,713
  7. 19
    Townsend townIncorporated place
    2,832
  8. 20
    Delaware City cityIncorporated place
    1,950
  9. 21
    St. Georges CDPCensus-designated place
    1,530
  10. 22
    Bellefonte townIncorporated place
    1,388
  11. 23
    Newport townIncorporated place
    900
  12. 24
    Arden villageIncorporated place
    627
  13. 25
    Port Penn CDPCensus-designated place
    592
  14. 26
    Odessa townIncorporated place
    409
  15. 27
    Ardentown villageIncorporated place
    233
  16. 28
    Ardencroft villageIncorporated place
    213

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.135% of building value expected lost per year

Effective property tax0.71%

$2,499 median annual bill

02
DemandIRS SOI household flows
Net migration+234

11,993 in · 11,759 out

Arriving vs leaving income−$1,615

$77,413 arriving · $79,028 leaving

03
CompetitionHMDA financed purchases
Purchases by investors9.0%

519 of 5,755 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings924▲ 24.3% year over year
Median days on market36▲ 0.0% year over year
Listings price-reduced15.4%seller-concession signal
Median listing pricen/a▲ 5.9% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Philadelphia, PA

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
New Castle County577,961$375k$1,9406.2%inland flooding
Philadelphia County1,579,706$237k$1,8149.2%inland flooding
Montgomery County867,573$504k$2,0815.0%inland flooding
Bucks County647,461$534k$2,2125.0%inland flooding
Delaware County579,222$374k$1,8285.9%inland flooding
Chester County547,840$588k$2,2144.5%inland flooding
Camden County527,257$360k$1,9866.6%inland flooding
Burlington County467,805$429k$2,2626.3%inland flooding
Gloucester County306,954$390k$2,1736.7%inland flooding
Bear case

What can break the county thesis

  1. Flood insurance, mitigation requirements, or property-specific loss exposure may exceed underwriting assumptions.
  2. Visible listing supply and concessions may limit achievable rent or resale liquidity for a specific asset.
  3. County averages may not transfer to a neighborhood, property condition, or financing structure.
Underwriting questions

Before pricing a property

Does HUD FMR estimate the county's market asking rent?

No. HUD FMR is a payment standard, while the record separately publishes median monthly asking rent.

What employment series is available?

QCEW annual covered employment at workplaces in the county, not resident employment or an unemployment measure.

Can the record establish property-level net cash flow?

No. It publishes gross yield before costs but lacks insurance, vacancy, repair, debt-term, and property-specific evidence.