Department of Numbers

This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Wilmington, North Carolina Home Affordability

The data below measures home affordability for the Wilmington, North Carolina metropolitan area using price-to-income and price-to-rent metrics.1 The maximum affordable loan amount for the median household income is also calculated. You can also compare Wilmington home affordability to other cities.

Wilmington, North Carolina Home Price-to-Income Ratios

The second chart shows a history of the ratio as an index calculated from the Federal Housing Finance Agency's Wilmington HPI series. Median household income data for Wilmington is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Wilmington, North Carolina Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 106.8
September 2013 107.8
June 2013 105.4
March 2013 104.5
December 2012 105.6
September 2012 105.3
June 2012 104.3
March 2012 105.8

Wilmington, North Carolina Home Price-to-Rent Ratios

The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Wilmington median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Wilmington, North Carolina Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 98.7
September 2013 99.5
June 2013 97.3
March 2013 96.5
December 2012 97.5
September 2012 97.3
June 2012 96.3
March 2012 97.7

Wilmington, North Carolina Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Wilmington, North Carolina and calculating the mortgage 30% of that income could afford. Traditionally, 30% of income is the maximum amount a homeowner could use towards a home loan. Inferred affordable loan values are calculated from ACS median household income and average monthly mortgage rates.

Inferred Affordable Mortgage

Wilmington, North Carolina Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $252,585
January 2014 $248,734
December 2013 $247,857
November 2013 $253,788
October 2013 $255,914
September 2013 $246,986
August 2013 $247,857
July 2013 $250,500
June 2013 $259,621
May 2013 $276,984
April 2013 $280,101
March 2013 $275,956
February 2013 $277,327

1. Specifically, home prices are from the non seasonally adjusted FHFA all-transactions quarterly series. Dollar ratios are calculated using NAR metro prices when available. Rent and income data are from the Census ACS and are carried forward into the following year prior to release of the new data.