Wilmington, NC—28411
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wilmington, NC
As of Oct '25, the median home price in Wilmington, NC is $458,000, with a year-over-year change of 0.6%. This indicates that home prices in Wilmington, NC are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $458,000 | 0.6% |
| Single Family | $459,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $308,000 | -1.6% |
3 Bed | $391,000 | -0.3% |
4 Bed | $622,000 | 2.6% |
| 5 Bed | $773,000 | 2.8% |
% of Housing Stock
Rental Trends — Wilmington, NC
As of July '25, Rentcast reports the average rent in Wilmington, NC is $2,120, with a year-over-year rent change of -8.2%. Per bedroom, the median rent as of July '25 in Wilmington, NC is 1-bedrooms: $1,360, 2-bedrooms: $2,050, 3-bedrooms: $2,140, 4-bedrooms: $2,750. The most common rental property sizes in Wilmington, NC are 3-bedroom and 2-bedroom, accounting for 40.5% and 35.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,120 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,390 | $1,360 |
| 2 Bed Rent | $1,880 | $2,050 |
| 3 Bed Rent | $2,100 | $2,140 |
| 4 Bed Rent | $2,800 | $2,750 |
% of Rental Stock
Property Listings — Wilmington, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Wilmington, NC is 63. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $626,000 | 10.0% |
Listing Count | 257 | 14.0% |
| Listings as % of Homes | 0.9% | 14.0% |
Days on Market | 63 | 12.0% |
Demographics — Wilmington, NC
As of the latest ACS Survey released in 2023, Wilmington, NC has a population of 37,300, which has decreased by -1.8% over the past 5 years. Wilmington, NC is a moderately popular place for families, as children make up 19.4% of the population. The area has a highly educated workforce, with 52.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,300 | -1.8% |
% Under 18 | 19.4% | -13.8% |
% Seniors | 19.6% | 15.3% |
% WFH | 18.3% | 150.7% |
% w/ College Degree | 52.8% | 23.4% |
As of the latest ACS Survey released in 2023, Wilmington, NC is a predominantly white area, with 80.7% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Wilmington, NC is black, making up 6.5% of the population. Foreign-born residents account for 8.1% of the population in Wilmington, NC, and this percentage has increased by 76.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.7% | -3.9% |
% Black | 6.5% | -27.8% |
% Hispanic | 5.1% | 27.5% |
% Asian | 2.9% | 93.3% |
% Foreign Born | 8.1% | 76.1% |
Mortgage and Risk — Wilmington, NC
According to HUD data as of 2023, there were 1080 mortgage originations in Wilmington, NC, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Wilmington, NC. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,080 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Wilmington, NC
As of 2024, the percent of homes in Wilmington, NC under the Section 8 program is 2.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Wilmington, NC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 127 |
Total Units Section 8 | 127 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 60.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $330 | $1,390 | $1,720 |
| 2 Bedroom | $30 | $1,880 | $1,910 |
| 3 Bedroom | $420 | $2,100 | $2,520 |
| 4 Bedroom | $210 | $2,800 | $3,010 |
Affordability — Wilmington, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $458,000 |
| Median Household Income | $94,200 |