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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 $189,773, lower than the Minnesota average of $345,793.
The average cost of rent is $1,572/mo in Wilmington, primarily driven by the current value of real estate in the Wilmington area. In Wilmington, 21.01% of households rent, and 52.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wilmington is $5,101 per month. Households that rent pay about 30.82% of their income on rent here. Wilmington’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Spring Grove, MN: equally priced homes
- Eitzen, MN: equally priced homes
- Caledonia, MN: equally priced homes
- Dorchester, IA: higher priced homes
- Newhouse, MN: equally priced homes
- Highlandville, IA: higher priced homes
- Sheldon, MN: higher priced homes
- Riceford, MN: higher priced homes
- Freeburg, MN: equally priced homes
- Mabel, MN: less expensive homes
Cities with Similar Populations
- Synarep, WA: higher priced homes
- Concord, TX: less expensive homes
- Cordova, NE: higher priced homes
- St. Anthony, MO: higher priced homes
- Coxs Mills, WV: less expensive homes
- Crane, IN: equally priced homes
- Creston, WV: less expensive homes
- Crider, MO: higher priced homes
- Stone, IN: less expensive homes
- Stratford, SD: higher priced homes
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