Why Live in The Flats
The Flats neighborhood in Wilmington offers a peaceful lifestyle just outside Downtown Wilmington. The Bancroft Parkway, a long green space lined with tall oaks, charming streetlamps, and park benches, features a variety of homes, including rowhomes and duplexes, with both older and newer properties. Woodlawn Park, established in 1910 and revitalized in 2019, includes new playground equipment, a spray park, a baseball field for the Roberto Clemente Baseball League, and a colorful basketball court. The neighborhood is part of the Red Clay Consolidated School District, which includes the highly rated Charter School of Wilmington. The Flats supports numerous small businesses, such as DiBiaso’s Florist, Ivira Pharmacy, and various auto repair shops, fostering a strong sense of community. Dining options include Greenhill Deli-Pizza, a community staple since 1949, and numerous Italian restaurants and markets in nearby Little Italy. For more things to do, Downtown Wilmington is just 2 miles away, accessible by local bus or car, offering additional dining, shopping, and entertainment options. The Flats neighborhood combines the charm of a close-knit community with the convenience of nearby urban amenities, making it an appealing place to live.
Frequently Asked Questions
Is The Flats a good place to live?
The Flats is a good place to live. The Flats is considered fairly walkable and bikeable with some transit options. The Flats has 1 park for recreational activities. It has a median age of 39. The average household income is $65,868 which is below the national average. College graduates make up 28.5% of residents. A majority of residents in The Flats are renters, with 69.4% of residents renting and 30.6% of residents owning their home. A
local real estate agent serving The Flats can help you decide if this neighborhood is the right one for you. Learn more on our
The Flats neighborhood guide.
Is The Flats, DE a safe neighborhood?
The Flats, DE is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in The Flats?
The median home price in The Flats is $264,900. If you put a 20% down payment of $53,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,370 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $59K a year to afford the median home price in The Flats. The average household income in The Flats is $66K.
What are the best public schools in The Flats?
The best public schools that serve The Flats are:
What are the best private schools in The Flats?
The best private schools that serve The Flats are:
- Tower Hill School has an A+ Niche grade, a student teacher ratio of 8:1 and an average review score of 4.5.
- Ursuline Academy has an A Niche grade, a student teacher ratio of 10:1 and an average review score of 4.3.
- Padua Academy has an A Niche grade, a student teacher ratio of 8:1 and an average review score of 4.2.
What are the most popular zip codes in The Flats, Wilmington, DE?
What are the most popular neighborhoods near The Flats, Wilmington, DE?
Are home prices dropping in The Flats?
Yes, home prices in The Flats are down 8% in the last 12 months.
Home Trends in The Flats, DE
On average, homes in The Flats, Wilmington sell after 5 days on the market compared to the national average of 70 days. The median sale price for homes in The Flats, Wilmington over the last 12 months is $248,500, down 8% from the median home sale price over the previous 12 months.
Median Sale Price
$248,500
Median Single Family Sale Price
$204,900
Median 2 Bedroom Sale Price
$249,900
Average Price Per Sq Ft
$222
Number of Homes for Sale
2
Last 12 months Home Sales
2
Median List Price
$264,900
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-8%