{"id":2586,"date":"2024-04-30T14:00:08","date_gmt":"2024-04-30T19:00:08","guid":{"rendered":"https:\/\/tomo.com\/blog\/?p=2586"},"modified":"2024-10-08T19:27:49","modified_gmt":"2024-10-09T00:27:49","slug":"best-neighborhoods-for-flipping-houses-in-wilmington-de","status":"publish","type":"post","link":"https:\/\/tomo.com\/blog\/best-neighborhoods-for-flipping-houses-in-wilmington-de\/","title":{"rendered":"Best Neighborhoods for Flipping Houses in Wilmington, DE"},"content":{"rendered":"\n

Curious to know which neighborhoods in Wilmington<\/a> were best for flipping houses? We were. After looking at thousands of homes that have been bought and sold within 90-365 days (the same property exchanging hands twice between 90-365 days), we narrowed it down to these top neighborhoods based on return on investment. After perusing this list, successful home flipping depends on finding cheap homes for sale,\u00a0here\u2019s where to find them in Wilmington.<\/a> <\/p>\n\n\n\n

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Here is Tomo Mortgage’s list of best neighborhoods in Wilmington for flipping houses.<\/strong><\/p>\n\n\n\n

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Rank<\/th>Neighborhood<\/th>Avg. Initial Purchase Price<\/th>Avg. Resale Price<\/th>Avg. % Change<\/th><\/tr><\/thead>
1<\/td>Baynard Village<\/td>$112K<\/td>$235K<\/td>129%<\/td><\/tr>
2<\/td>Trinity Vicinity<\/td>$101K<\/td>$201K<\/td>128%<\/td><\/tr>
3<\/td>Hedgeville<\/a><\/td>$115K<\/td>$233K<\/td>126%<\/td><\/tr>
4<\/td>Little Italy<\/a><\/td>$254K<\/td>$404K<\/td>88%<\/td><\/tr>
5<\/td>Ashley<\/td>$186K<\/td>$320K<\/td>80%<\/td><\/tr>
6<\/td>New Castle<\/a><\/td>$175K<\/td>$292K<\/td>78%<\/td><\/tr>
7<\/td>Bear<\/a><\/td>$223K<\/td>$365K<\/td>66%<\/td><\/tr>
8<\/td>Fairfax<\/td>$317K<\/td>$494K<\/td>60%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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See today’s rates<\/a><\/div>\n<\/div>\n\n\n\n

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Want to know more about flipping homes?<\/h3>\n\n\n\n

Interested in expanding beyond Wilmington, check out our listings of cheap homes for sale in the greater Delaware area<\/a>, or if just focused on Wilmington, you can find cheap home listings here<\/a>. If you are looking for tips, look no further than House Flipping Flops<\/a> for what NOT to do, or our House Flipping 101 Guide.<\/a><\/p>\n\n\n\n

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Joelle Andersen<\/p><\/div><\/div>\n\n

Joelle has worn many hats in her professional career, which included stints at companies such as Time Inc., CNN and Zillow. She loves real estate and is always looking for that perfect investment property. A self-proclaimed interior designer, she lives in a suburb of NY with her architect husband, 4 children and 2 cats.<\/div>\n\n\n
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Flipping houses in these top Wilmington neighborhoods deliver returns on investment between 60% – 129%. <\/p>\n","protected":false},"author":24,"featured_media":2589,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[58],"tags":[],"class_list":["post-2586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/tomo.com\/blog\/wp-content\/uploads\/2024\/04\/wilmington-best-home-flips-tomo-jpg.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/comments?post=2586"}],"version-history":[{"count":8,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2586\/revisions"}],"predecessor-version":[{"id":3999,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2586\/revisions\/3999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/media\/2589"}],"wp:attachment":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/media?parent=2586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/categories?post=2586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/tags?post=2586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}