Mortgage payment estimates, closing cost breakdowns, and homebuying data for Wilmington, North Carolina.
Median Home Price
$365K
Population
115K
Avg Monthly Rent
$1,450
Property Tax Rate
0.78% *
* Property tax shown is the North Carolina state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Wilmington.
Wilmington vs North Carolina Median
The median home price in Wilmington is $365,000, which is 7% above the North Carolina state median of $340,000.
Mortgage Calculator — Wilmington, NC
Pre-filled with Wilmington median home price and North Carolina tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $365K home using North Carolina's 0.78% tax rate and $2,300/yr insurance.
5% Down
$2,823/mo
Down: $18,250
Loan: $347K
P&I: $2,192
Tax: $237
Insurance: $192
PMI: $202
10% Down
$2,697/mo
Down: $36,500
Loan: $329K
P&I: $2,076
Tax: $237
Insurance: $192
PMI: $192
20% Down (No PMI)
$2,275/mo
Down: $73,000
Loan: $292K
P&I: $1,846
Tax: $237
Insurance: $192
Income needed (28% rule): $98K/year with 20% down, $116K/year with 10% down.
Rent vs Buy in Wilmington
Rent
$1,450/mo
vs
Buy (10% down)
$2,697/mo
Price-to-rent ratio: 21.0 — At a ratio above 20, renting may be more economical in Wilmington for shorter stays. Buying costs $1,247 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Wilmington is $365,000, 7% above the North Carolina state median of $340,000. With a population of 115,451, Wilmington is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in North Carolina average 0.78% annually. This moderate property tax rate means a $365,000 home in Wilmington would carry roughly $237/month in property taxes. Homeowners insurance in North Carolina runs approximately $2,300 per year. This is within the normal range nationally.
Average rent in Wilmington is $1,450/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Wilmington presents moderate affordability. The $365K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Wilmington.