According to the study, Wilmington is listed as one of the top ten small metro areas in the country for home ownership due to its affordability, population growth, diversity of business opportunities and overall quality of life.
Wilmington Offers Affordable Living
Buying a new home in Wilmington is particularly attractive to those buyers looking to maximize their savings. In the report released by NerdWallet, it was discovered that one in four households spend more than 50% of their income on rent. In Wilmington, however, homeowners spend an average of just 36% of their income on the cost of owning their homes. Plus, the cost of living in Wilmington is 0.7% below the national average.
Wilmington Enjoys a Higher than Average Population Growth
When a city enjoys a steady growth in its population it is a good indicator that the city is successful and that its residents are stable and happy. In Wilmington, the city enjoys a 1.6% growth in population and homeownership rates. That's nearly one point higher than the national average!
Wilmington Has a Strong Economy
Wilmington is home to a diversity of business opportunities and that allows the city to enjoy a steady and strong economy. As part of North Carolina's "research coast," Wilmington is one of the nation's largest and most successful research centers with exceptional opportunities in the fields of healthcare, educational services, construction, accommodation and food services, professional, scientific and professional services and social assistance. The city is also home to EUE Screen Gems Studios, one of the largest TV and movie production facilities outside of Hollywood as well as an industrial base that includes the medical, electrical, clothing, electronic and telecommunications equipment, paper products and food processing industries.
Wilmington's Quality of Life
Wilmington's residents enjoy a fantastic quality of life that so many other American cities just can't compete with. From its gorgeous beaches and robust arts and culture scene to its innovative restaurants and shopping centers, not to mention its annual events and festivals, Wilmington offers something for everyone. Along with its local attractions and amenities, the city also provides its residents with excellent medical care and emergency services, generous community services, and an excellent educational system. In short, Wilmington, NC has everything the family needs to enjoy the highest quality of life possible.
Start Looking for Wilmington Real Estate Now
Now is the perfect time to start searching for the perfect piece of property. Wilmington Real Estate 4U can make that search so much easier. Just use the handy property search tool and it will send a list of available properties that meets the homeowner’s unique needs. Plus, with reliable email updates, homeowners can stay on top of local real estate changes, track favorite properties, get notified of pricing changes and so much more.