Wilmington: Housing & Real Estate
Housing in Wilmington centers on a median value of $223,800, with median rent $888 (1.5× below Will County median $1,342; 1.3× below Illinois median $1,193). Homeownership rate: 64.4%. That's 1.3× below the Will County median ($283,600); 1.1× below the Illinois median ($250,113). A municipal building code is in effect.
- 3.4× annual income — home value vs. household income (vs Illinois 2.9×).
- 21.0 years to break even renting at the median (vs Illinois 17y).
Home Values & Rent
Median home value $223,800 — 0.9× the Illinois median ($250,113). Median rent $888/month. homeownership rate 64.4% — near the U.S. share of ~65%.
| Median Home Value | $223,800 (vs Illinois $250,113) |
|---|---|
| Median Rent | $888 (vs Illinois $1,193) |
Other
| Homeownership Rate | 64.4% |
|---|---|
| Median Year Built | 1972 |