Wilmington, MA—01887
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wilmington, MA
As of Nov '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 | N/A | N/A |
2 Bed | $598,000 | 2.6% |
3 Bed | $716,000 | 2.0% |
4 Bed | $922,000 | 1.8% |
| 5 Bed | $939,022 | 2.1% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Wilmington, MA
As of Nov '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 | $678,000 | -1.0% |
Listing Count | 31 | 36.0% |
| Listings as % of Homes | 0.2% | 36.0% |
Days on Market | 23 | 16.0% |
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% |
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% |
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% |
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 |
Affordability — Wilmington, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $751,000 |
| Median Household Income | $161,000 |