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Wilmington

Learn about the people, housing, costs and businesses in Wilmington

Median Home$372,638
Median Rent$1,460/month
Population453,347
Leading IndustriesEducation · Wholesale Trade · Healthcare3% education
Home Value Growth⬆⬆+20.3% over 2 years
Retirees24% of residentswell above average
Homeowners72% of occupied units
NotableHighly Educated25% hold a bachelor's degree · top 15% nationally
NotableAmenity Score65/100 · highly walkable area
Wilmington

Frequently Asked Questions

What are today's mortgage rates in Wilmington?

Mortgage rates for Wilmington are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Wilmington
What is the median home price in Wilmington?

The median home value in Wilmington is $373k. The median monthly rent is $1,460. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wilmington?

Home values in Wilmington have increased 20.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Wilmington?

Based on a typical all-in ownership cost of $1,365/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wilmington is $82k/year.

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What industries drive the economy in Wilmington?

The largest employment sectors in Wilmington are public administration (22%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.