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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 $256,018, lower than the Virginia average of $443,089.
The average cost of rent is $1,138/mo in Wilmington, primarily driven by the current value of real estate in the Wilmington area. In Wilmington, 18.46% of households rent, and 39.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wilmington is $4,216 per month. Households that rent pay about 26.99% of their income on rent here. Wilmington’s most expensive areas are in the northern 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
- Wildwood, VA: higher priced homes
- Palmyra, VA: higher priced homes
- Cunningham, VA: higher priced homes
- Stage Junction, VA: equally priced homes
- Dixie, VA: less expensive homes
- Fork Union, VA: less expensive homes
- Kents Store, VA: higher priced homes
- Lake Monticello, VA: higher priced homes
- Columbia, VA: higher priced homes
- Bremo Bluff, VA: equally priced homes
Cities with Similar Populations
- Clifford, PA: equally priced homes
- Terhune, IN: higher priced homes
- Sycamore, KS: less expensive homes
- Stanford, AR: less expensive homes
- St. Paul, AR: less expensive homes
- South Trenton, NY: equally priced homes
- Cranks, KY: less expensive homes
- Coxville, TN: less expensive homes
- Cottonwood, TX: equally priced homes
- Coss Corners, NY: less expensive homes
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