Wilmington Metro Area, NC Housing

The housing market in the Wilmington, NC Metro Area is thriving, with a median value of $395,800 that is significantly higher than the US median of $338,100. Moreover, the 1 year house appreciation rate in Wilmington is 15.55%, which is more than double the US average of 8.27%. This rapid growth indicates that the area is becoming increasingly desirable and shows great potential for further development and strong investments in real estate.

The median home cost in Wilmington Metro Area is $395,800. Home appreciation the last 10 years has been 114.4%. Home Appreciation in Wilmington Metro Area is up 24.7%.

Average Age of Homes

- The median age of Wilmington Metro Area real estate is 27 years old

The Rental Market in Wilmington Metro Area

- Renters make up 32.0% of the Wilmington Metro Area population
- 2.3% of houses and apartments in Wilmington Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Wilmington, North Carolina	United States
	142,046.0	139,647,020.0
	29	42
	$395,800	$338,100
	24.7%	16.6%
	79.4%	57.0%
	114.4%	101.1%
	$6.78	$10.98
	$1,777	$2,690
	53.5%	57.4%
	15.2%	11.2%
	31.3%	31.4%
Vacant Housing
	2.3%	1.9%
	0.3%	0.4%
	0.6%	0.7%
	0.9%	0.4%
	7.4%	3.6%
	3.6%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	1.0%	2.4%
	1.5%	2.8%
	2.0%	3.9%
	2.5%	4.5%
	9.6%	11.3%
	14.4%	13.0%
	25.8%	20.1%
	18.0%	13.6%
	8.9%	8.3%
	8.3%	9.7%
	3.4%	3.9%
	1.1%	2.2%
	0.5%	0.8%
	0.7%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	20.4%	13.6%
	20.4%	13.6%
	20.9%	13.6%
	15.1%	13.2%
	12.0%	14.8%
	20.9%	13.6%
	4.6%	10.0%
	3.4%	4.7%
	5.3%	12.2%

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