Wilmington, Massachusetts Housing Market Prices
Wilmington Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 89% below the Massachusetts median$55,000
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Median rent 36% above the Massachusetts median$2,393
Housing Market Overview
| Metric | Wilmington | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $55,000 | $494,523 | $248,835 |
| Price Trend (Annual %) | 15.2% | 6.6% | 7.5% |
| Median Gross Rent | $2,393 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wilmington is about 89% lower than in Massachusetts. Rent is about 36% higher than the Massachusetts average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Wilmington, up about 15.2% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Wilmington rose about 47.3% between 2015 and 2024, from $1,624 to $2,393. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Wilmington.
Buying the median-priced home in Wilmington costs roughly 1.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Wilmington. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Wilmington | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $55,000 | $494,523 | $248,835 |
| Median Household Income | $166,224 | $104,336 | $80,455 |
| Price-to-Income Ratio | 0.3 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wilmington fell about 64.9%, while median household income rose about 64.3% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Wilmington | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 86.4% | 57.5% | 58.5% |
| Rental Rate | 11.7% | 34.4% | 31.2% |
| Vacancy Rate | 1.9% | 8.1% | 10.2% |
| Median Tenure (years) | 21.0 | 16.0 | 15.0 |
| Median Year Moved In | 2005 | 2010 | 2011 |
Wilmington has a homeownership rate of 86.4%, higher than the Massachusetts average of 57.5%. Its housing vacancy rate is 1.9%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Wilmington | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.91 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1978 | 1963 | 1978 |
| Median Number of Rooms | 6.9 | 5.5 | 5.5 |
The typical housing unit in Wilmington was built around 1978. On average, 2.9 people live in a home with about 6.9 rooms, staying for about 21.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Wilmington, Massachusetts.
What is the median home price in Wilmington, Massachusetts?
The median home price in Wilmington, Massachusetts is $55,000, lower than the Massachusetts average of $494,523.
What is the average home price in Wilmington, Massachusetts?
The typical home price in Wilmington, Massachusetts, reported as the median sale price, is $55,000. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Wilmington, Massachusetts?
The median gross rent in Wilmington, Massachusetts is $2,393 per month, higher than the Massachusetts average of $1,761.
What was the median gross rent in Wilmington in 2020?
In 2020, the median gross rent in Wilmington, Massachusetts was $2,008 per month.
What is the price-to-rent ratio in Wilmington, Massachusetts?
The price-to-rent ratio in Wilmington, Massachusetts is about 1.9, meaning it would take roughly 1.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Wilmington.
Are home prices or rent rising faster in Wilmington, Massachusetts?
Both home prices and rent are rising in Wilmington, up about 15.2% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wilmington, Massachusetts?
86.4% of households in Wilmington, Massachusetts own their home, higher than the Massachusetts average of 57.5%.
What is the vacancy rate in Wilmington, Massachusetts?
The housing vacancy rate in Wilmington, Massachusetts is 1.9%, lower than the Massachusetts average of 8.1%.
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