The housing in Wilmington, MN is quite expensive with a median value of $392,100, which is significantly higher than the US median house value of $338,100. Despite this difference in price, the rate of appreciation over the last year has been slightly lower in Wilmington than for the entire US at 6.78% compared to 8.27%. This could be due to many factors such as location and local economic conditions. However, it seems to indicate that the housing market in Wilmington is stable and may be an attractive option for those looking to settle down in the area.
The median home cost in Wilmington is $392,100. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Wilmington is up 11.4%.
Average Age of Homes
- The median age of Wilmington real estate is 78 years old
The Rental Market in Wilmington
- Renters make up 26.0% of the Wilmington population
- 0.0% of houses and apartments in Wilmington, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.