Wilmington, DE
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Wilmington short-term rental market based on reliable data.
Listings
174 / 592
Reliable / Active
Cap Rate
7%
Middle-Earners Gross Yield
Revenue
$23,646
Middle-Earners Revenue
Occupancy
63%
Middle-Earners Occupancy
Home Value
$317,710
Median Home Sale Price
Top Earners
$46,536
Top-Earners Revenue
Wilmington
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Wilmington.
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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.
Local STR Agent
STR specialist · Wilmington, DE
About Wilmington
Wilmington (Lenape: Paxahakink / Pakehakink) is the largest city in the U.S. state of Delaware. The city was built on the site of Fort Christina, the first Swedish settlement in North America. It lies at the confluence of the Christina River and Brandywine Creek, near where the Christina flows into the Delaware River. It is the county seat of New Castle County and one of the major cities in the Delaware Valley metropolitan area (synonymous with the Philadelphia metropolitan area). Wilmington was named by Proprietor Thomas Penn after his friend Spencer Compton, Earl of Wilmington, who was prime minister during the reign of George II of Great Britain. As of the 2020 census, the city's population was 70,898. Wilmington is part of the Delaware Valley metropolitan statistical area (which also includes Philadelphia, Reading, Camden, and other urban areas), which had a 2020 core metropolitan statistical area population of 6,228,601, representing the seventh largest metropolitan region in the nation, and a combined statistical area population of 7.366 million.