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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 $696,686, higher than the Massachusetts average of $625,090.
The average cost of rent is $2,637/mo in Wilmington, primarily driven by the current value of real estate in the Wilmington area. In Wilmington, 11.56% of households rent, and 29.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wilmington is $14,136 per month. Households that rent pay about 18.66% of their income on rent here. Wilmington’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pinehurst, MA: less expensive homes
- Burlington, MA: higher priced homes
- Reading, MA: higher priced homes
- Tewksbury, MA: less expensive homes
- Billerica, MA: less expensive homes
- North Reading, MA: equally priced homes
- Woburn, MA: equally priced homes
- North Billerica, MA: less expensive homes
- Andover, MA: higher priced homes
- Stoneham, MA: equally priced homes
Cities with Similar Populations
- Avon Lake, OH: less expensive homes
- Abingdon, VA: less expensive homes
- Willoughby, OH: less expensive homes
- Waverly, MI: less expensive homes
- Watauga, TX: less expensive homes
- Bardstown, KY: less expensive homes
- Bainbridge Island, WA: higher priced homes
- Avon Park, FL: less expensive homes
- Avon, OH: less expensive homes
- Augusta, ME: less expensive homes
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