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These days, finding an affordable place to live in the Wilmington area can be challenging. Home prices in Wilmington are now at a median cost of $352,853, lower than the Delaware average of $361,617.
The average cost of rent is $1,498/mo in Wilmington, primarily driven by the current value of real estate in the Wilmington area. In Wilmington, 33.77% of households rent, and 35.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wilmington is $7,891 per month. Households that rent pay about 18.98% of their income on rent here. Wilmington’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Elsmere, DE: less expensive homes
- Rockland, DE: higher priced homes
- Edgemoor, DE: less expensive homes
- Winterthur, DE: higher priced homes
- Newport, DE: less expensive homes
- Bellefonte, DE: less expensive homes
- Wilmington Manor, DE: less expensive homes
- Arden, DE: higher priced homes
- Ardentown, DE: higher priced homes
- Penns Grove, NJ: less expensive homes
Cities with Similar Populations
- Summerville, PA: less expensive homes
- Table Rock, OR: higher priced homes
- Tacoma, WA: higher priced homes
- Tanner, WV: less expensive homes
- Sugar Land, TX: higher priced homes
- Sumter, SC: less expensive homes
- Sumterville, FL: less expensive homes
- The Sea Ranch, CA: higher priced homes
- Sunrise Manor, NV: less expensive homes
- Taft Southwest, TX: less expensive homes
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