Wilmington median real estate price is $193,478, which is less expensive than 70.0% of New York neighborhoods and 48.4% of all U.S. neighborhoods.
The average rental price in Wilmington is currently $856, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 84.8% of New York neighborhoods.
Wilmington is a rural neighborhood (based on population density) located in Saranac Lake, New York.
Wilmington real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Wilmington neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Wilmington. The current real estate vacancy rate here is 23.9%. This is higher than the rate of vacancies in 90.0% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (15.8%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.