$0
Average Rent
$1,525 average rent in Wilmington, NC, Q2 2026
0%
Occupancy Rate
91% occupancy rate Wilmington, NC, Q2 2026
0
T4Q Net Absorption
3,228 T4Q net absorption in Wilmington, NC, Q2 2026
0%
Annual Rent Change
2% annual rent change in Wilmington, NC, Q2 2026
0
BPS Annual Occupancy Change
-65 BPS annual occupancy change in Wilmington, NC, Q2 2026
0
T4Q Unit Completions
1,204 T4Q net absorption in Wilmington, NC, Q2 2026
KEY TAKEAWAYS
- Demand continues to outpace supply, with trailing four-quarter absorption of 3,228 units nearly tripling the 1,204 units delivered, providing a strong foundation for market recovery as Q2 2026 absorption reached 665 units.
- The under-construction pipeline stands at 2,250 units (5.9% of inventory), and trailing 12-month starts of 2,040 units signal a secondary supply wave likely arriving by late 2027, even as current completions have sharply declined.
- Rents grew 2.4% year-over-year to $1,525 per unit with accelerating quarterly momentum at 3.1%, while stabilized occupancy of 90.7% reflects a 65 basis point annual decline amid wide submarket divergence.
MARKET OUTLOOK
Wilmington’s multifamily market is positioned at a pivotal point in its supply cycle. The delivery wave that defined 2024 and early 2025 has largely subsided, with trailing 12-month completions…
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