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A middling-yield market. Neither rent nor appreciation makes the case on its own.
What would change this read: a price correction (median already −6.5% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +7.7% YoY, is the number to watch.
The median listing price is down 6.5% YoY while the median home got down 1.9% bigger, so value per square foot is down 4.2%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $206K purchase rents for $1,550/mo: 0.75% of price per month against the 1% rule's 1.00%.
Not shown: 6 BR (sale only, no matching rent).
Sales here take about 8 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 19802 itself, not its parent county.
Renters hold 51.5% of this ZIP's 10,478 occupied households, on a median household income of $54K.
| Measure | ZIP 19802 | New Castle County | Difference |
|---|---|---|---|
| Median Household Income | $54K | $91K | -$37K |
| Below Poverty Level | 22.0% | 10.1% | +11.9% |
| Median Age | 36.80 | 39.30 | -2.50 |
| Total Population | 26,051 | 577,961 | -- |
| Avg Household Size | 2.35 | 2.51 | -0.16 |
| Owner-Occupied | 48.5% | 69.0% | -20.5% |
| Worked From Home | 15.0% | 17.6% | -2.6% |
| Mean Commute | 22.20 | 25.30 | -3.10 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.9% to 577,961: residents under 18 are up 0.1% and those 65 and over are up 3.6%.
County median household income is $91K, 10.1% of residents are below the poverty level, 17.6% work from home.