Wilmington, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wilmington Neighborhoods Since 2000




Wilmington, OH 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 12,449 people, 5,214 houses or apartments, and a median cost of homes of $117,844, house prices in Wilmington are solidly below the national average.

Single-family detached homes are the single most common housing type in Wilmington, accounting for 60.48% of the city's housing units. Other types of housing that are prevalent in Wilmington include large apartment complexes or high rise apartments ( 17.64%), duplexes, homes converted to apartments or other small apartment buildings ( 16.53%), and a few row houses and other attached homes ( 3.52%).

People in Wilmington primarily live in small (one, two or no bedroom) single-family detached homes. Wilmington has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Wilmington built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Wilmington built between 1940-1969 ( 32.09%). A lesser amount of the housing stock also hails from before 1939 ( 16.58%). There's also some housing in Wilmington built between 2000 and later ( 13.55%).

Vacant housing appears to be an issue in Wilmington. Fully 12.13% of the housing stock is classified as vacant. Left unchecked, vacant Wilmington homes and apartments can be a drag on the real estate market, holding Wilmington real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 -1.08%, which is lower than 70% 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 2.50%, 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 -0.60%, which equates to an annual appreciation rate of -2.39%.

Notably, Wilmington's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that Wilmington's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$117,844

Wilmington, OH HOME PRICES

Value Range
> $1,104,000 0.0
$828,001 - $1,104,000 0.0
$552,001 - $828,000 0.4
$442,001 - $552,000 1.8
$331,001 - $442,000 1.7
$221,001 - $331,000 10.4
$110,001 - $221,000 43.4
$55,001 - $110,000 33.1
$0 - $55,000 9.3

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
66.7555373256768 65.8792650918635

Number Of Homes And Apartments:
5,214

Wilmington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
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
-0.91% -0.05% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$880 / per month

Homeownership Rate

Homeownership
Owners 39.88
Renters 60.12
Vacant 12.13

Housing Market Details

 

Age of Homes

AGE OF Wilmington HOMES
2000 or Newer 13.5
1970 - 1999 37.8
1940 - 1969 32.1
1939 or Older 16.6

Types of Homes

TYPE OF Wilmington HOMES
Single-Family 60.5
Townhomes 3.5
Small Apt. Buildings 16.5
Apt. Complexes 17.6
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Wilmington HOMES
No Bedroom 2.58
1 Bedroom 11.38
2 Bedrooms 37.33
3 Bedrooms 40.12
4 Bedrooms 7.50
5 or more bedrooms 1.10