Wilmington, IL


Highest Appreciating Wilmington Neighborhoods Since 2000

Wilmington, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Wilmington Housing Market Information

With 5,694 people, 2,189 houses or apartments, and a median cost of homes of $179,283, Wilmington real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Wilmington, accounting for 65.99% of the city's housing units. Other types of housing that are prevalent in Wilmington include duplexes, homes converted to apartments or other small apartment buildings ( 15.52%), row houses and other attached homes ( 9.50%), and a few large apartment complexes or high rise apartments ( 8.02%).

The most prevalent building size and type in Wilmington are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.53% owning and 36.47% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Wilmington's housing was primarily built during this period, from the '40s through the '60s. A full 37.15% of the city's housing hails from this era. Other housing ages represented in Wilmington include homes built between 1970-1999 ( 30.79%) and housing constructed before 1939 ( 17.18%). There's also some housing in Wilmington built between 2000 and later ( 14.89%).

Wilmington Home Appreciation Rates

Wilmington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wilmington during the period has been just -1.40%, which is lower than 80% of US communities.

Over the last year, Wilmington appreciation rates have trailed the rest of the nation. In the last twelve months, Wilmington's appreciation rate has been 1.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wilmington were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Wilmington's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Wilmington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wilmington - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Wilmington real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Wilmington, IL HOME PRICES

Value Range
> $1,083,000 1.5
$812,001 - $1,083,000 0.6
$542,001 - $812,000 1.4
$433,001 - $542,000 1.4
$325,001 - $433,000 8.7
$217,001 - $325,000 19.1
$108,001 - $217,000 52.4
$54,001 - $108,000 8.7
$0 - $54,000 6.2

High for IL
High for Nation

Value Relative to Nation Value Relative to State
38.4067737020977 30.253164556962

Number Of Homes And Apartments:

Wilmington Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
25.21% 1.31% 6 3
* 10 is highest

Rent & Ownership


Average Market Rent:
$829 / per month

Homeownership Rate

Owners 63.53
Renters 36.47
Vacant 7.17

Housing Market Details


Age of Homes

AGE OF Wilmington HOMES
2000 or Newer 14.9
1970 - 1999 30.8
1940 - 1969 37.2
1939 or Older 17.2

Types of Homes

TYPE OF Wilmington HOMES
Single-Family 66.0
Townhomes 9.5
Small Apt. Buildings 15.5
Apt. Complexes 8.0
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Wilmington HOMES
No Bedroom 0.00
1 Bedroom 11.70
2 Bedrooms 32.10
3 Bedrooms 47.16
4 Bedrooms 6.79
5 or more bedrooms 2.25