Flats, New Castle County, DE

Median Home Price Price

$223,078 $223.1K

Median Monthly Rent Rent

$1,536 $1.5K

12.0x

Market Snapshot

Flats, New Castle County, DE is a neighborhood market with a median home price of $223,078, a median monthly rent of $1,536, a GRM of 12.0x, and a price-to-rent ratio of 12.1.

Comparable Markets

Use related neighborhood markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.

More markets to explore

Explore the data
Region Show
Union Park Gardens
$213K $1.5K 12.0x
Marabou Meadows
$404K $1.5K 22.0x
Chestnut Hill Estates
$304K $1.6K 16.0x

Home prices

Monthly rent

GRM = home price / annual rent

No similar markets found for this scope.

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Boardman, Grand Traverse County, MI Explore deeper
$578K $1.6K 30.0x
Belair-Edison, Baltimore City, MD Explore deeper
$144K $1.6K 8.0x
Trumbull Village, Bernalillo County, NM Explore deeper
$201K $1.4K 12.0x

Home prices

Monthly rent

GRM = home price / annual rent

Flats

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Benchmark comparison

Compare Flats, DE to another market.

Compare to Union Park Gardens, DE
Flats, DE
Union Park Gardens, DE
Delta
Median rent
$1,536
N/A
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Median price
$223,078
N/A
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YoY change
+$75
N/A
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Price-to-rent
12.1x
Data unavailable
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Key takeaways

  • Flats, New Castle County, DE has a lower-grm screening profile: At 12.0x GRM, current rent may provide stronger support relative to price.
  • Low GRM can also reflect operating friction, softer appreciation expectations, or local risk that GRM does not capture.
  • Rent momentum is positive, with median rent up about $75 year over year.
  • Next discovery step: compare Union Park Gardens, New Castle County, DE from the Same county set.