Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the The Flats area can be challenging. Home prices in The Flats are now at a median cost of $192,395, lower than the Wilmington average of $295,036.
The average cost of rent is $1,037/mo in The Flats, primarily driven by the current value of real estate in the The Flats area. While nearly 26.97% of residents own their homes outright in The Flats, 59.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in The Flats is $3,284 per month. Households that rent pay about 31.58% of their income on rent here. The Flats's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Nearby Neighborhoods
- Hilltop, Wilmington, DE: less expensive homes
- Hedgeville, Wilmington, DE: less expensive homes
- Cool Springs, Wilmington, DE: higher priced homes
- Highlands, Wilmington, DE: higher priced homes
- Browntown, Wilmington, DE: less expensive homes
- Downtown, Wilmington, DE: less expensive homes
- Brandywine Village, Wilmington, DE: equally priced homes
- Baynard Village, Wilmington, DE: higher priced homes
- 9th Ward, Wilmington, DE: less expensive homes
- Northwest Wilmington, Wilmington, DE: higher priced homes
Neighborhoods with Similar Populations
- Colonial Heights, Mobile, AL: less expensive homes
- Downtown Juneau, Juneau, AK: higher priced homes
- Cypress Run, Coral Springs, FL: higher priced homes
- Crown Meadows, San Antonio, TX: equally priced homes
- Croissant Park, Fort Lauderdale, FL: higher priced homes
- Crescent Area Historic District, Plainfield, NJ: higher priced homes
- Corky Row, Fall River, MA: higher priced homes
- Columbine Knolls South, Columbine, CO: higher priced homes
- Colonial Manor, Sacramento, CA: higher priced homes
- Colonial Heights, Sacramento, CA: higher priced homes
All Local Stats
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