Homes of Forty Acres

Forty Acres in Wilmington, Delaware. Forty Acres was rural until the mid-1800s, developed from the farmland of Joshua T. Heald. One of the city's first suburbs, the neighborhood is centered around the St. Ann's Roman Catholic Church. The name Forty Acres is taken from the fertility of the farmland. One acre of the land was said to be worth 40 acres one might find someplace else. The neighborhood exists northeast of Delaware Avenue, southwest of Riddle Avenue, east of Union Street and west of DuPont Street. Bordering neighborhoods include Trolley Square, The Highlands, and Little Italy.

There is not high turnover in the area which is confirmed by only 2 homes currently for sale and only 1 home settled within the last year. This quaint community gives homeowners the ability to have suburban living benefits within the city limits. Surrounded by parks on one side and shopping and eateries on the other, walking to your destination is still an option. Additionally, the convenience to major highways makes it easy to travel throughout the Tri-State area.

Prices of homes currently available range from 250K - 290K and values have held up well. This price range is a target for buyers seeking the First Time Buyer Tax Credit as well as the expanded Tax Credit for current homeowners. Drive through Forty Acres and see why buyers in this area tend to stay long term in their homes.