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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Wilmington, MA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Wilmington, MA Housing Market Trends

With a population of 22,904, 7,925 total housing units (homes and apartments), and a median house value of $773,115, real estate costs in Wilmington are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Wilmington, accounting for 84.78% of the town's housing units. Other types of housing that are prevalent in Wilmington include large apartment complexes or high rise apartments ( 9.09%), row houses and other attached homes ( 3.42%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.72%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wilmington. Owner-occupied housing accounts for 84.87% of Wilmington's homes, and 76.19% have either three or four bedrooms, which is average sized relative to America.

Wilmington Home Appreciation Rates

Appreciation rates for homes in Wilmington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 85.78%, which ranks in the top 50% nationwide. This equates to an annual average Wilmington house appreciation rate of 6.39%.

NeighborhoodScout's data show that during the latest twelve months, Wilmington's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Wilmington's appreciation rate has been 1.11%, which annualizes to a rate of 4.52%.

Relative to Massachusetts, our data show that Wilmington's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts.

Average Home Values

Median Home Value

$773,115

Wilmington, MA Home Prices
> $1,284,000
$963,001 - $1,284,000
$642,001 - $963,000
$514,001 - $642,000
$385,001 - $514,000
$257,001 - $385,000
$128,001 - $257,000
$64,001 - $128,000
$0 - $64,000
5.0%
5.0%
17.7%
17.7%
50.2%
50.2%
17.2%
17.2%
5.8%
5.8%
3.0%
3.0%
0.0%
0.0%
0.8%
0.8%
0.3%
0.3%
0% 100.0%
% of Homes
High

for Massachusetts

Very High

for nation

Number of Homes And Apartments:

7,925

Wilmington Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,781 / per month

Homeownership Rate

Owners
Renters
84.9%
84.9%
15.1%
15.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.6%
2.6%
97.4%
97.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.0%
17.0%
37.3%
37.3%
37.3%
37.3%
8.4%
8.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
84.8%
84.8%
3.4%
3.4%
2.7%
2.7%
9.1%
9.1%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.9%
0.9%
6.5%
6.5%
11.2%
11.2%
51.0%
51.0%
25.2%
25.2%
5.2%
5.2%
0% 100.0%
% of Homes