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Wilmington, NC mortgage & affordability calculator

The typical home in Wilmington, NC is worth about $420,000. With 20% down that's a loan near $336,000 — the calculator is pre-filled with that figure. Wilmington's Atlantic coastline and film-production industry have made it one of North Carolina's priciest coastal markets, and hurricane exposure keeps homeowners insurance well above the state's inland average. Growth at UNC Wilmington has added steady rental demand alongside the second-home market.

$2,181.52 / month

Total interest
$449,351
Total paid
$785,351
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$84k$168k$252k$336k0612182430Year

How much you need to earn

Wilmington, NC's median household income is about $65,000 a year. Under standard 28/36 lending rules that supports a home price around $246,620 with 20% down — below the $420,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$246,609 max home price

Max loan amount
$162,609
Housing payment budget
$1,517
P&I budget
$1,056
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Wilmington, NC is about $1,700 a month, so owning the median home costs roughly $942 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Wilmington, NC?
On the metro's roughly $420,000 typical home with 20% down, the loan is about $336,000. Principal and interest run near $2,182 a month at today's rate, and Wilmington, NC's property tax plus insurance add about $461, for a full payment near $2,642.
Can I afford a home in Wilmington, NC on the median income?
The median household income is about $65,000 a year. Under standard 28/36 lending rules that supports a home price around $246,620 with 20% down — below the $420,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Wilmington, NC?
Typical asking rent is about $1,700 a month. The full owner payment on a median home is near $2,642, so owning costs roughly $942 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Wilmington, NC?
The effective property tax rate in the core county is about 0.65% of market value — roughly $2,730 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Wilmington, NC rising or falling?
Home values are roughly flat over the past year. Wilmington's Atlantic coastline and film-production industry have made it one of North Carolina's priciest coastal markets, and hurricane exposure keeps homeowners insurance well above the state's inland average. Growth at UNC Wilmington has added steady rental demand alongside the second-home market.

Nearby metros

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