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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 $322,314, lower than the New York average of $610,895.
The average cost of rent is $1,063/mo in Wilmington, primarily driven by the current value of real estate in the Wilmington area. In Wilmington, 19.99% of households rent, and 38.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wilmington is $6,860 per month. Households that rent pay about 15.49% of their income on rent here. Wilmington’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Keene, NY: higher priced homes
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Cities with Similar Populations
- Dares Beach, MD: higher priced homes
- Elizabeth, MN: equally priced homes
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- Dodge, TX: less expensive homes
- Deason, TN: less expensive homes
- Wall Lake, IA: less expensive homes
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