Wilmington, MA


Highest Appreciating Wilmington Neighborhoods Since 2000

Wilmington, MA 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 a population of 23,534, 7,652 total housing units (homes and apartments), and a median house value of $448,110, 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 85.56% of the town's housing units. Other types of housing that are prevalent in Wilmington include large apartment complexes or high rise apartments ( 8.40%), row houses and other attached homes ( 3.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.35%).

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 85.05% of Wilmington's homes, and 74.60% 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 37.43% of the town's housing hails from this era. Other housing ages represented in Wilmington include homes built between 1970-1999 ( 36.30%) and housing constructed before 1939 ( 13.22%). There's also some housing in Wilmington built between 2000 and later ( 13.05%).

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 9.43%, which ranks in the top 30% nationwide. This equates to an annual average Wilmington house appreciation rate of 0.91%.

NeighborhoodScout's data show that during the latest twelve months, Wilmington's appreciation rate, at 5.13%, has been at or slightly above the national average. In the latest quarter, Wilmington's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

Relative to Massachusetts, our data show that Wilmington's latest annual appreciation rate is higher than 60% of the other cities and towns in Massachusetts.

Average Home Values


Median Home Value:

Wilmington, MA HOME PRICES

Value Range
> $1,181,000 0.6
$885,001 - $1,181,000 1.6
$590,001 - $885,000 15.4
$472,001 - $590,000 23.8
$354,001 - $472,000 39.9
$236,001 - $354,000 14.6
$118,001 - $236,000 1.4
$59,001 - $118,000 0.3
$0 - $59,000 2.3

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
7.48857377241298 31.0897435897436

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
57.38% 2.66% 7 7
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,303 / per month

Homeownership Rate

Owners 85.05
Renters 14.95
Vacant 2.19

Housing Market Details


Age of Homes

AGE OF Wilmington HOMES
2000 or Newer 13.1
1970 - 1999 36.3
1940 - 1969 37.4
1939 or Older 13.2

Types of Homes

TYPE OF Wilmington HOMES
Single-Family 85.6
Townhomes 3.5
Small Apt. Buildings 2.4
Apt. Complexes 8.4
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Wilmington HOMES
No Bedroom 1.06
1 Bedroom 3.81
2 Bedrooms 16.85
3 Bedrooms 53.10
4 Bedrooms 21.50
5 or more bedrooms 3.68