Rent-to-Own Homes in Wilmington, NC: What You Need to Know
Wilmington, North Carolina is a fantastic city with a lot of heart. The cost of living is low, allowing a younger demographic to establish their lives here. The food scene is notoriously wonderful, with many delicious eateries. For families, or those interested in starting a family, the suburbs surrounding Wilmington are some of the best in the entire state.
Wilmington is a relatively inexpensive city to live in, with the overall cost being 4% less here when compared to the national average. Healthcare here, however, is 14% more expensive. Housing is 19% lower. The median home value is $281,000. The split between which households rent and which own is an even one. The average rent for a 959 square foot apartment is $1,209 per month. One-bedrooms cost around $1,138 per month, while two-bedrooms are roughly $1,205.
Weather and Climate
The residents of Wilmington enjoy a humid, subtropical climate meaning the summers are brutally hot, while winters are quick and cold. It is wet and cloudy all year. Wilmington sees 135 rainy days, totaling 58” of rain. There’s only about 2” of snow annually. January is the coldest month, with temperatures usually dropping to 36°F. July is the warmest month, with a peak of 90°F.
126,000 people call Wilmington home. The city’s population is growing at a rate of 1% per year. About 23% of all residents are under 18 years old, and 17% are over 65 years old. 77% of all people are White, 18% are African American, 6% are Hispanic, and 2% are Mixed Race. Out of all adults, 42% have their Bachelor’s degree, and 92% have their high school diplomas!
Wilmington is a foodie’s dream. The food scene is full of international and iconic Southern cuisine. The downtown area is packed with local and family-owned restaurants. Catch is an award-winning restaurant that serves up fresh catches and locally sourced ingredients. For a delicious Latin-American bite, try Savorez. The name of the restaurant, Savorez, is a twist of Sabores, or flavors. Savorez delivers on this promise, the food is packed with the iconic tastes of Latin American food. The menu offers lunch, dinner, and Sunday brunch.
Know Your Neighborhoods
Home to just under 8,000, Ogden is one of the best places to live in all of North Carolina. The residents enjoy a quiet, rural environment and top-rated public schools. The median home value is $299,000 and the majority of residents own their homes. The median rent is $1,163.
Wrightsville Beach is another North Carolina favorite. Home to nearly 3,000, the residents enjoy a densely populated, suburban environment as well as excellent public schools. The median home value is $779,000 and just over half the residents own their homes. The median rent is $1,499.
Myrtle Grove is also considered one of the best places to live in the state. 11,000 residents enjoy the rural vibe and top-ranked public schools. The median home value is $265,000 and the majority of residents own their homes. The median rent is $1,115.