Raleigh vs Wilmington
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Wilmington has an edge
Wilmington currently favors renting, with better rent-to-price dynamics.
Median Home Price
$474,087.73
Median RentTIE
$1,667.86/mo
Price-to-Rent Ratio
23.7
Property Tax RateTIE
0.84%
Price Change (1Y)
-2.4%
Price Change (5Y)
-12.0%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$331,063
Median Home PriceBETTER
$435,002.11
Median RentTIE
$1,676.95/mo
Price-to-Rent RatioBETTER
21.6
Property Tax RateTIE
0.84%
Price Change (1Y)BETTER
-0.7%
Price Change (5Y)BETTER
-3.7%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$278,266
Key Differences
Home Prices
Raleigh's median home price of $474,087.73 is higher than Wilmington's $435,002.11 by 9%.
Monthly Rent
Renting in Raleigh costs $1,667.86/mo compared to $1,676.95/mo in Wilmington—a difference of $9.09/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.