Wilmington, MA


Highest Appreciating Wilmington Neighborhoods Since 2000

Wilmington, MA Real Estate Data

Wilmington Housing Market Information

With 23,534 people, 7,585 houses or apartments, and a median cost of homes of $461,318, 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 84.74% of the town's housing units. Other types of housing that are prevalent in Wilmington include large apartment complexes or high rise apartments ( 8.39%), duplexes, homes converted to apartments or other small apartment buildings ( 3.59%), and a few row houses and other attached homes ( 3.12%).

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 85.11% of Wilmington's homes, and 73.88% have either three or four bedrooms, which is average sized relative to America.

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 37.81% of the town's housing hails from this era. Other housing ages represented in Wilmington include homes built between 1970-1999 ( 36.88%) and housing constructed between 2000 and later ( 12.92%). There's also some housing in Wilmington built before 1939 ( 12.39%).

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 7.92%, which ranks in the top 40% nationwide. This equates to an annual average Wilmington house appreciation rate of 0.76%.

Appreciation rates are so strong in Wilmington that despite a nationwide downturn in the housing market, Wilmington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wilmington appreciation rates continue to be some of the highest in America, at 6.46%, which is higher than appreciation rates in 79.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wilmington. Wilmington appreciation rates in the latest quarter were at 1.57%, which equates to an annual appreciation rate of 6.42%.

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

Average Home Values


Median Home Value:

Wilmington, MA HOME PRICES

Value Range
> $1,220,000 0.4
$915,001 - $1,220,000 1.4
$610,001 - $915,000 14.2
$488,001 - $610,000 23.4
$366,001 - $488,000 41.4
$244,001 - $366,000 14.8
$122,001 - $244,000 1.6
$61,001 - $122,000 0.3
$0 - $61,000 2.5

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
7.29636352989401 31.0897435897436

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$1,754 / per month

Homeownership Rate

Owners 85.11
Renters 14.89
Vacant 2.71

Housing Market Details


Age of Homes

AGE OF Wilmington HOMES
2000 or Newer 12.9
1970 - 1999 36.9
1940 - 1969 37.8
1939 or Older 12.4

Types of Homes

TYPE OF Wilmington HOMES
Single-Family 84.7
Townhomes 3.1
Small Apt. Buildings 3.6
Apt. Complexes 8.4
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Wilmington HOMES
No Bedroom 1.39
1 Bedroom 4.28
2 Bedrooms 17.00
3 Bedrooms 52.91
4 Bedrooms 20.97
5 or more bedrooms 3.45

Wilmington Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
57.03% 2.69% 7 7
* 10 is highest