Investment metrics, interactive calculators, and data-driven analysis for Wilmington rental properties.
Pre-filled with Wilmington medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Wilmington.
Wilmington, NC has a population of 125,948 and has been growing at 1.8% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $340,000 paired with median rents of $1,520/mo produces an estimated cap rate of 3.54%.
Property taxes at 0.76% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 5% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 6.4x, homes cost about 6.4 times the local median income of $52,800. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 3.7% annually. Above-average appreciation adds an equity component to total returns, though deals should still pencil on cash flow alone.
Bottom line: At current median prices, Wilmington is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.