19733, Saint Georges, DE

Saint Georges, Delaware is located in the southeastern corner of the state and has a population of just over 10,000. The 19733 zip code covers just over 2 square miles and has a median household income of $60,000. Home prices in this zip code have increased by nearly 60% since 2007, making it one of the most rapidly growing areas in Delaware.

The primary drivers behind home equity growth in Saint Georges are strong job growth and low interest rates. The unemployment rate in this area is currently below 3%, which is much lower than the statewide average of 6%. Additionally, home prices here have been buoyed by strong demand from local buyers and investors.

Despite these positive trends, there are some risks to consider when purchasing a home in Saint Georges. First, there is a limited supply of homes available for sale due to rapid growth over the past few years. This could lead to higher prices and longer wait times for buyers looking to purchase a home. Second, Saint Georges is located in an area that has seen significant flooding throughout recent years. This could lead to increased damage costs associated with purchasing or selling a home during these periods.