Similar to the surrounding areas, it is a lot more expensive compared to the rest of the country. Compared to the city of Boston however, it is a little less expensive.
Home prices
Wilmington's median home cost is $473,800. This is roughly $20,100 (4%) lower in comparison to other places in this area.It is roughly $256,300 (117%) higher in comparison to the United States as a whole, and is approximately $58,900 (11%) lower compared to the city of Boston.
Rents
Wilmington's median rent is $1,981 per month. In comparison to nearby areas this is roughly $373 (23%) higher.It is about $919 (86%) higher in comparison to the United States as a whole, and in comparison to the city of Boston is roughly $361 (22%) higher.
Nearby places
Reading
Reading is Wilmington's neighbor to the southeast. Real estate prices there are a little more expensive. The value of the median home in Reading is $562,800, which comes out to $89,000 (15%) higher than Wilmington. Rents there are a lot less expensive. Reading's median rent is $1,354 a month, which works out to $627 (46%) lower than Wilmington.
Burlington
Burlington is Wilmington's neighbor to the southwest. Real estate prices there are a bit more expensive. The median home in Burlington costs $533,800, which comes out to $60,000 (11%) higher than Wilmington. Its rents are similar. The median monthly rent in Burlington is $1,960, which is $21 (1%) lower than Wilmington.
Woburn
Woburn is Wilmington's neighbor to the south. Its housing prices are pretty similar. The cost of the median home in Woburn is $453,900, which comes out to $19,900 (4%) lower than Wilmington. Rent there is a little less expensive. Woburn's median monthly rent is $1,632, which comes out to $349 (21%) lower than Wilmington.
Pinehurst
Pinehurst is approximately 3 miles southwest of Wilmington. The housing prices there are a bit less expensive. The median home in Pinehurst costs $413,200, which works out to $60,600 (14%) lower than Wilmington. Its rents are a bit less expensive. In Pinehurst the median monthly rent is $1,728, which comes out to $253 (14%) lower than Wilmington.
Wakefield
Wakefield is about 5 miles southeast of Wilmington. Its real estate prices are a bit more expensive. Wakefield's median home cost is $505,800, which comes out to $32,000 (6%) higher than Wilmington. Rents there are a lot less expensive. Wakefield's median monthly rent is $1,364, which works out to $617 (45%) lower than Wilmington.
