Wilmington, DE — income, home value, property tax, and sales tax.
In ZIP code 19701, near Wilmington, homes carry a median value of $372,500 while the county-level effective property tax rate sits at 0.71%. That combination yields an annual property tax bill of roughly $2,645. With median household income at $111,198 and per-capita income at $49,248, that tax equals about 2.4% of household earnings — a share most owners can absorb without straining other expenses. A 0.00% combined sales tax rate further eases the overall cost of living. Together, these figures point to a housing market where prices are substantial but the tax load stays proportionate to what people earn.
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