Wilmington, NC
New Hanover County · Pop. 127,342
Ranked #176 of 243 cities
32Crisis
Median Home Price
🏠$380K
5.5% YoY
Median Rent
🔑$1,550
4.0% YoY
Median Income
💰$48K
Rent Burden
📊36.5%
% of income to rent
Income to Buy
🏦$109K
annual income needed
Income to Rent
📝$62K
annual income needed
Price-to-Income
⚖️7.9x
Homeownership
🏡44.0%
Rent vs. Buy
Buy
$2,023/mo
Est. mortgage (7%, 20% down)
Need $109K/yr income
Rent
$1,550/mo
Median rent
Need $62K/yr income
How Wilmington Compares
| Metric | Wilmington | North Carolina | National |
|---|---|---|---|
| Home Price | $380K | $309K | $410K |
| Rent | $1,550 | $1,245 | $1,500 |
| Income | $48K | $71K | $75K |
| Rent Burden | 36.5% | 31.5% | 30.0% |
Key Takeaways
- • Home prices in Wilmington are 7% lower than the national average.
- • Rent is 3% higher than the national average.
- • You need an income of $109K to comfortably buy a home here.
- • The homeownership rate is 44.0%, compared to 65.0% nationally.