Rent to own Homes in Wilmington, NC
Home to more than 100,000 residents, Wilmington, North Carolina, is the kind of place a person can get comfortable really quickly. Not only is it the hometown of the award-winning journalist Charles Kuralt and basketball phenom Michael Jordan, but it is also the resting place of USS North Carolina -- a World War II battleship and one of the city's local attractions. Many residents' recreational activities center around the Cape Fear River and the nearby beaches with surfing, kayaking, and fishing all being popular local pastimes. Whether you're in the mood for a peaceful walk through Airlie Gardens or you'd prefer to get lost in a performance at the Thalian Hall Center for the Performing Arts, Wilmington has the right combination of historic charm and variety to make it happen.
Wilmington, NC is a great place for affordable rent-to-own homes! With a median household income of over $51,137 and a median rent of $1,008, the Wilmington, NC rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Wilmington, NC. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Wilmington, NC Property Resources
Rent to own Homes in Cities Near Wilmington, NC
- Bald Head Island
- Bayshore
- Belville
- Blue Clay Farms
- Boiling Spring Lakes
- Bolivia
- Burgaw
- Carolina Beach
- Castle Hayne
- Caswell Beach
- Currie
- Delco
- Hampstead
- Hightsville
- Kings Grant
- Kure Beach
- Leland
- Long Creek
- Murraysville
- Myrtle Grove
- Navassa
- Northchase
- Northwest
- Oak Island
- Ogden
- Porters Neck
- Riegelwood
- Rocky Point
- Sandy Creek
- Sea Breeze
- Silver Lake
- Skippers Corner
- Southport
- St. Helena
- St. James
- Supply
- Topsail Beach
- Wilmington
- Winnabow
- Wrightsboro
- Wrightsville Beach
Neighborhoods in Wilmington, NC
Avenshire rent to own homes Carriage Hills rent to own homes Pine Valley West rent to own homes Echo Farms rent to own homes Glen Meade rent to own homes Highland Hills rent to own homes Holly Glen rent to own homes Long Leaf Hills rent to own homes Merestone rent to own homes South Oleander rent to own homesPopular Zip Codes in Wilmington, NC
28406 rent to own homes 28403 rent to own homes 28412 rent to own homesBuying a Home in Wilmington, NC
Wilmington, NC is seeing rapid growth and Wilmington, NC's' housing market remains not optimal with an average home price that is 22% above the 2024 national average. Wilmington, NC is part of New Hanover county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county New Hanover is 0.61% which is below the national average, which is 0.99%.
Median Home Price in Wilmington, NC
Median Rent in Wilmington, NC
Top Reasons to Live in Wilmington NC
Housing Statistics What are your chances of getting the house you've been dreaming of? What options are available to you if you're leaning towards renting a house? As a starting point, 67.8% of homes are owned in Wilmington. Meanwhile, 32.2% of the houses are rented and the overall vacancy rate is 14.5%. In addition, the number of home sales transactions seems to have been picking up steadily since 2011. From a numbers standpoint, this bodes fairly well for people who are looking to make the move.
Largest Employers and Industries From an economic standpoint, Wilmington and its metropolitan area have been experiencing incredible growth for well over a decade. Interestingly enough, this upward trend has shown no signs of slowing down. This has made Wilmington a fantastic place to work and do business in.
Transportation Those who travel for business or for personal reasons have access to Wilmington International Airport. For individuals who find flying inconvenient, interstate routes and highways are also accessible from Wilmington. Within the city, public transport is available through the Cape Fear Public Transportation Authority. The routes might take some getting used to, but there are buses and trolleys available for your day-to-day needs, while Greyhound buses are available whenever you're taking a trip outside of the city.
Neighborhood Guide Wilmington is a city that is on the rise, and it's growing every day. Here are some neighborhoods that you should know about: