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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 $396,932, higher than the North Carolina average of $323,314.
The average cost of rent is $1,528/mo in Wilmington, primarily driven by the current value of real estate in the Wilmington area. In Wilmington, 43.96% of households rent, and 34.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wilmington is $6,944 per month. Households that rent pay about 22.01% of their income on rent here. Wilmington’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Kings Grant, NC: less expensive homes
- Wrightsville Beach, NC: higher priced homes
- Murraysville, NC: less expensive homes
- Myrtle Grove, NC: higher priced homes
- Belville, NC: equally priced homes
- Blue Clay Farms, NC: less expensive homes
- Castle Hayne, NC: less expensive homes
- Skippers Corner, NC: equally priced homes
- Navassa, NC: less expensive homes
- Winnabow, NC: equally priced homes
Cities with Similar Populations
- Talladega Springs, AL: less expensive homes
- Sunbeam, IL: less expensive homes
- Sunapee, NH: higher priced homes
- Surrey, ND: less expensive homes
- Tonieville, KY: less expensive homes
- Tallant, OK: less expensive homes
- Tallahassee, FL: less expensive homes
- Sutton, NE: less expensive homes
- Tatamy, PA: less expensive homes
- Sunfield, MI: less expensive homes
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