Wilmington, OH—45177
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wilmington, OH
As of Oct '25, the median home price in Wilmington, OH is $259,000, with a year-over-year change of 3.9%. This indicates that home prices in Wilmington, OH are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $259,000 | 3.9% |
| Single Family | $261,000 | 4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $170,000 | 4.9% |
3 Bed | $262,000 | 4.4% |
4 Bed | $351,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wilmington, OH
As of July '25, Rentcast reports the average rent in Wilmington, OH is $1,040, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Wilmington, OH is 1-bedrooms: $625, 2-bedrooms: $970, 3-bedrooms: $1,180. The most common rental property sizes in Wilmington, OH are 2-bedroom and 3-bedroom, accounting for 35.8% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $625 | $625 |
| 2 Bed Rent | $890 | $970 |
| 3 Bed Rent | $1,180 | $1,180 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wilmington, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Wilmington, OH is 41. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $316,000 | 6.0% |
Listing Count | 67 | -20.0% |
| Listings as % of Homes | 0.5% | -20.0% |
Days on Market | 41 | -12.0% |
Demographics — Wilmington, OH
As of the latest ACS Survey released in 2023, Wilmington, OH has a population of 22,400, which has remained stable by 0.3% over the past 5 years. Wilmington, OH is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 26.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,400 | 0.3% |
% Under 18 | 21.9% | -0.5% |
% Seniors | 18.6% | 8.1% |
% WFH | 7.4% | 236.4% |
% w/ College Degree | 26.3% | 7.8% |
As of the latest ACS Survey released in 2023, Wilmington, OH is a predominantly white area, with 90.6% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Wilmington, OH is black, making up 3.2% of the population. Foreign-born residents account for 2.8% of the population in Wilmington, OH, and this percentage has increased by 64.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.6% | -0.8% |
% Black | 3.2% | -13.5% |
% Hispanic | 1.6% | -5.9% |
% Asian | 1.3% | 116.7% |
% Foreign Born | 2.8% | 64.7% |
Mortgage and Risk — Wilmington, OH
According to HUD data as of 2023, there were 403 mortgage originations in Wilmington, OH, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Wilmington, OH. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 403 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Wilmington, OH
Wilmington, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 641 |
Total Units Section 8 | 638 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 84.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $155 | $625 | $780 |
| 2 Bedroom | $60 | $890 | $950 |
| 3 Bedroom | $40 | $1,180 | $1,220 |
| 4 Bedroom | N/A | N/A | $1,530 |
Affordability — Wilmington, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $259,000 |
| Median Household Income | $70,500 |