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Cost of Living & Affordability: Wilson, NC

Updated 2026 · Based on median market data for Wilson, NC

Cap Rate
5.55%
Median Price
$220K
Rent/Mo
$1,380
1% Rule
0.63%
Fails

Housing Affordability

Wilson's price-to-income ratio is 3.8x — homes cost 3.8 times the local median household income of $58,267. This is moderately affordable. A healthy portion of the workforce can still aspire to homeownership, but many find renting more practical — creating a solid tenant base of working professionals.

Rent vs Buy Analysis

A typical mortgage payment on a median-priced home in Wilson (20% down at 7%) is approximately $1,463/mo for principal and interest alone — add taxes and insurance and the all-in payment reaches roughly $1,679. The median rent of $1,380/mo is roughly comparable to buying costs — in this environment, renters choose flexibility while buyers choose equity building. When renting is cheaper than buying, the renter pool stays deep and vacancy stays low.

Income & Employment

The median household income in Wilson is $58,267, with a population of 50,000 growing at 1.5% per year. Wilson is a smaller market. Research the local employment base carefully — smaller cities can be significantly impacted by a single employer's decisions. Moderate population growth indicates a stable economic foundation.

What This Means for Investors

Wilson offers an attractive combination: affordable prices keep your entry cost low while strong rent-to-price ratios drive cash flow. The affordable price point also means more residents can eventually buy, providing a natural exit strategy if you ever sell to an owner-occupant.

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How Wilson Compares

Wilson vs North Carolina state average and national average across key investment metrics. Wilson outperforms both benchmarks on cap rate.

Metric
Wilson
North Carolina Avg
National Avg
Cap Rate
5.55%
4.45%
3.81%
Median Price
$220K
$307K
$333K
Median Rent
$1,380
$1,501
$1,524
Property Tax
0.78%
0.78%
1.08%
Vacancy
5.3%
5.3%
5.6%
Pop. Growth
1.5%/yr
1.5%/yr
0.9%/yr

Nearby South Markets

City
Cap Rate
Price
Rent
Tax
Wilson, NC
5.5%
$220K
$1,380
0.78%
Corpus Christi, TX
4.8%
$220K
$1,420
1.68%
Gulfport, MS
5.7%
$220K
$1,420
0.68%
Hammond, LA
5.3%
$220K
$1,310
0.54%
Thomasville, GA
7.1%
$220K
$1,720
0.93%

Frequently Asked Questions

Is Wilson affordable for renters?
Renters in Wilson spend approximately 28% of median household income on rent. This is within the standard 30% affordability threshold, suggesting renters have room in their budgets. The median household income is $58,267, below the level needed for comfortable renting.
What is the price-to-income ratio in Wilson?
Wilson's price-to-income ratio is 3.8x, meaning homes cost 3.8 times the local median income. This is very affordable — below the 4x threshold that typically signals a healthy buyer's market.
Is it cheaper to rent or buy in Wilson?
A mortgage payment (20% down, 7% rate) on the median $220K home is approximately $1,170/mo before taxes and insurance. Adding those costs brings it to roughly $1,387/mo. The median rent of $1,380/mo is less than the cost of buying — this parity means some renters could transition to buying.
How does Wilson's cost of living compare to the national average?
Home prices in Wilson ($220K) are 34% below the national average. Rents ($1,380/mo) are 9% below average. Property taxes (0.78%) are below the 1.08% national average.
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Explore Wilson & Related Markets

More Wilson Guides

Rental Property Investment GuideRent AnalysisProperty Tax GuideAppreciation & Growth ForecastNeighborhood Investment Guide

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