Wilmington, MA 01887 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wilmington, MA—01887

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$751,000

1.4% YoY Growth

Household Income

$161,000

31.5% YoY Growth

Days on Market

7.0% Shorter YoY

Home Price Forecast

1.7%

Median Rent

$3,190

0.9% YoY Growth

1-Bed Rent

$2,660

6.3% YoY Growth

2-Bed Rent

$3,260

0.0% YoY Growth

3-Bed Rent

$3,900

3.9% YoY Growth

Home Price Trends — Wilmington, MA

As of Dec '25, the median home price in Wilmington, MA is $751,000, with a year-over-year change of 1.4%. This indicates that home prices in Wilmington, MA are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$751,000	1.4%
Single Family	$755,000	1.8%
Condos	$620,000	4.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Wilmington, MA

As of July '25, Rentcast reports the average rent in Wilmington, MA is $3,210, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Wilmington, MA is 1-bedrooms: $2,700, 2-bedrooms: $3,270, 3-bedrooms: $4,180. The most common rental property sizes in Wilmington, MA are 2-bedroom and 1-bedroom, accounting for 40.9% and 32.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,190	$3,210
Studio Rent	N/A	N/A
1 Bed Rent	$2,660	$2,700
2 Bed Rent	$3,260	$3,270
3 Bed Rent	$3,900	$4,180
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

5.0%

1 Bedroom

32.3%

2 Bedrooms

40.9%

3 Bedrooms

17.5%

4 Bedrooms

2.7%

5+ Bedrooms

1.7%

Property Listings — Wilmington, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Wilmington, MA is 23. This is a increase of 16.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$645,000	-1.0%
Listing Count	17	36.0%
Listings as % of Homes	0.2%	36.0%
Days on Market	28	-7.0%

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Demographics — Wilmington, MA

As of the latest ACS Survey released in 2023, Wilmington, MA has a population of 23,200, which has decreased by -2.0% over the past 5 years. Wilmington, MA is a moderately popular place for families, as children make up 22.9% of the population. The area has a highly educated workforce, with 49.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	23,200	-2.0%
% Under 18	22.9%	6.5%
% Seniors	14.7%	-4.5%
% WFH	17.9%	411.4%
% w/ College Degree	49.2%	14.4%

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As of the latest ACS Survey released in 2023, Wilmington, MA is a predominantly white area, with 86.1% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Wilmington, MA is asian, making up 4.4% of the population. Foreign-born residents account for 7.1% of the population in Wilmington, MA, and this percentage has decreased by 29.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	86.1%	-3.0%
% Black	1.3%	-60.6%
% Hispanic	2.5%	56.2%
% Asian	4.4%	-10.2%
% Foreign Born	7.1%	-29.0%

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Mortgage and Risk — Wilmington, MA

According to HUD data as of 2023, there were 440 mortgage originations in Wilmington, MA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Wilmington, MA. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	440
% Conventional Loans	95.0%
% Government Loans	5.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Wilmington, MA

Wilmington, MA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	90
Total Units Section 8	86
% Rentals under Section 8	6.5%
% Occupied Section 8	95.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$180	$2,660	$2,840
2 Bedroom	$110	$3,260	$3,370
3 Bedroom	$160	$3,900	$4,060
4 Bedroom	N/A	N/A	$4,470

Wilmington, MA—01887

Key Metrics at a Glance

Home Price Trends — Wilmington, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wilmington, MA

% of Rental Stock

Property Listings — Wilmington, MA

Demographics — Wilmington, MA

Race and Ethnicity

Mortgage and Risk — Wilmington, MA

Mortgages

Rentals and Section 8 — Wilmington, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Wilmington, MA

Home Price to Income Ratio

Wilmington, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Reading, MA

Burlington, MA

Woburn, MA

Tewksbury, MA

North Reading, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$751,000
Median Household Income	$161,000

Wilmington, MA—01887

Key Metrics at a Glance

Home Price Trends — Wilmington, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wilmington, MA

% of Rental Stock

Property Listings — Wilmington, MA

Demographics — Wilmington, MA

Race and Ethnicity

Mortgage and Risk — Wilmington, MA

Mortgages

Rentals and Section 8 — Wilmington, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Wilmington, MA

Home Price to Income Ratio

Wilmington, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Reading, MA

Burlington, MA

Woburn, MA

Tewksbury, MA

North Reading, MA

Frequently Asked Questions

What is the average home price in Wilmington, MA 01887?

How have home prices in Wilmington, MA 01887 changed over the past year?

What is the home price projection for Wilmington, MA 01887?

What are the demographics of Wilmington, MA 01887?

How long does it take homes to sell in Wilmington, MA 01887?

What is the average rent price in Wilmington, MA 01887?