Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$443,118+0.7% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 23% have cut their price
Income needed to buy, per year$96,059About 1.2× the local median income ($78,927): a stretch for a typical household
Days on market71 daysAbout the same pace as a year ago
Next 12 months+1.8%Zillow expects prices to rise slightly
The typical home in Wilmington, NC is worth $443,118, up 0.7% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $415,127, so the area is 6.7% overvalued. It is a balanced market, leaning toward buyers: homes take about 71 days to sell, listings are up 4% from a year ago, 23% of listings have had a price cut. Zillow expects prices to rise about 1.8% over the next year. A household needs about $96,059 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,927. Typical rent is $1,744 a month, or $2,165 for a house. In the latest IRS figures, 10,007 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$443,118
Change in 1 year
+0.7%
Overvalued %
+6.7%
Show 7 more
Fair home value
$415,127
Change in 5 years
+28.3%
Zillow forecast, next 12 months
+1.8%
Home value to income
5.6×
Monthly mortgage payment (20% down)
$2,401
Income needed to afford it
$96,059
Property tax rate
0.55%
Rent and investing
Typical rent
$1,744
Typical rent for houses
$2,165
Price-to-rent ratio
21.2×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,585
Gross rental yield
4.72%
Cap rate (estimate)
3.07%
Market activity
Listings vs a year ago
+3.7%
Days on market
71
Listings with a price cut
23.1%
Show 3 more
Homes for sale
4,057
Pending sales per 100 listings
40
Asking price per sq ft
$249
People and jobs
Median household income
$78,927
Population change (1 year)
+2.6%
Unemployment rate
4.6%
Show 4 more
Population
492,772
Income adjusted for cost of living
$81,874
Net moves in (IRS)
+10,007
Cost of living (US = 100)
96.4
Schools, risk and environment
School rating (1 to 10)
6.5
FEMA hazard risk score (0 to 100)
94.6
Unhealthy air days a year
2
Show 4 more
Flood risk score
88.5
Wildfire risk score
87.3
Walkability (1 to 20)
8.4
Road, rail and air noise
55 dB
Questions people ask
Is Wilmington, NC overvalued?
Home prices in Wilmington, NC are slightly above what local incomes have historically supported: fair value is about $415,127, so the area is 6.7% overvalued.
Is Wilmington, NC a buyer's or seller's market?
Wilmington, NC is a balanced market, leaning toward buyers: homes take about 71 days to sell, listings are up 4% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Wilmington, NC?
Home values in Wilmington, NC are up 0.7% over the last year. Zillow's forecast for the next 12 months is +1.8%.
How much do you need to earn to buy a home in Wilmington, NC?
A household needs about $96,059 a year to afford the typical home in Wilmington, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,927.