Wilmington, DE

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Wilmington short-term rental market based on reliable data.

Listings

214 / 599

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$24,317

Middle-Earners Revenue

Occupancy

66%

Middle-Earners Occupancy

Home Value

$333,751

Median Home Sale Price

Top Earners

$46,880

Top-Earners Revenue

Wilmington

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Wilmington.

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C

Challenging to Investors

Wilmington Regulations

Wilmington explicitly allows STRs and keeps fees low, but imposes a strict one‑owner‑permit, one‑STR cap and mandates an on‑site operator who lives at the property—effectively disallowing most non‑owner‑investor operations. The compliance burden is high (three permits, $1M insurance, detailed safety/noise/sanitation plans, routine inspections and renewals), increasing investor risk despite clear, permissive legality.

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About Wilmington

Wilmington is the largest city in the state of Delaware and serves as the county seat of New Castle County, with a population of roughly 70,000 residents. Set along the Christina and Delaware Rivers in the northern part of the state, it has long carried a dual identity as a former manufacturing powerhouse and a contemporary corporate hub, particularly for the financial services and chemical industries. The city is best known as the principal northern anchor of Delaware, sitting just a short drive from the Pennsylvania border and serving as a gateway to the Atlantic beaches of southern Delaware. Philadelphia lies about 30 miles to the northeast, and Wilmington is considered part of the broader Philadelphia metropolitan area, though it retains a distinct identity shaped by its riverside setting and its deep colonial roots.

Just southwest of the city, the Brandywine Valley unfolds as a rolling landscape of estates, gardens, and wooded countryside that draws visitors year-round. Within about a 20- to 30-minute drive, travelers can reach Winterthur Museum, Garden and Library, the former country estate of Henry Francis du Pont, which houses a renowned collection of American decorative arts set within naturalistic gardens. Not far away, Longwood Gardens lies just across the Pennsylvania line, offering more than 1,000 acres of meticulously designed outdoor gardens, glass conservatories, and seasonal fountain shows that consistently rank among the most visited horticultural attractions in the country.

Closer to the city center, the Hagley Museum and Library preserves the original gunpowder works of the du Pont family along the Brandywine Creek, where visitors can tour restored mills, workers' homes, and the family mansion. Downtown Wilmington also offers a compact cluster of historic and cultural sites, including the Delaware Art Museum and the preserved early colonial landmarks near the Christina River, such as Fort Christina and Old Swedes Church, which recall the area's seventeenth-century Swedish settlement. The Riverfront district, redeveloped in recent decades, lines the Christina with promenades, event spaces, and minor league ball fields that anchor a more contemporary side of the city.

To the south, the Delaware beaches of Rehoboth, Bethany, and Lewes begin roughly 80 to 100 miles down the coast, generally about a 90-minute to two-hour drive, making Wilmington a practical jumping-off point for travelers who want to combine city amenities with a day at the shore. Its blend of historic estates, riverfront culture, nearby botanical gardens, and easy access to both Philadelphia and the Atlantic coast gives Wilmington a versatile appeal, and short-term rentals in the city can serve a steady mix of leisure visitors, business travelers, and beach-bound tourists looking for a quieter, more affordable base than the resort towns themselves.

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