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  4. /Wilmington, NC - 28403

Wilmington, NC—28403

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$400,000
0.1% YoY Growth
Household Income
$51,000
36.9% YoY Growth
Days on Market
50
11.0% Shorter YoY
Home Price Forecast
2.3%
Median Rent
$1,720
1.6% YoY Growth
1-Bed Rent
$1,200
3.3% YoY Growth
2-Bed Rent
$1,500
0.6% YoY Growth
3-Bed Rent
$2,000
1.9% YoY Growth

Other Zip Codes in Wilmington, NC

2840528409284012841128412
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Wilmington, NC

As of May '26, the median home price in Wilmington, NC is $400,000, with a year-over-year change of 0.1%. This indicates that home prices in Wilmington, NC are flat. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$400,0000.1%
Single Family $436,0000.9%
Condos $199,000-4.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $156,000
    -4.3%
    2 Bed
    		$269,0000.0%
    3 Bed
    		$405,0000.0%
    4 Bed
    		$727,0002.7%
    5 Bed $1,043,4443.9%
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    % of Housing Stock

    Studio
    4.3%
    1 Bedroom
    13.3%
    2 Bedrooms
    38.9%
    3 Bedrooms
    33.7%
    4 Bedrooms
    7.8%
    5+ Bedrooms
    2.0%

    Rental Trends — Wilmington, NC

    As of July '25, Rentcast reports the average rent in Wilmington, NC is $1,870, with a year-over-year rent change of 1.6%. Per bedroom, the median rent as of July '25 in Wilmington, NC is studios: $1,570, 1-bedrooms: $1,190, 2-bedrooms: $1,570, 3-bedrooms: $2,090, 4-bedrooms: $2,930. The most common rental property sizes in Wilmington, NC are 2-bedroom and 3-bedroom, accounting for 46.1% and 23.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,720$1,870
    Studio Rent $1,370$1,570
    1 Bed Rent $1,200$1,190
    2 Bed Rent $1,500$1,570
    3 Bed Rent $2,000$2,090
    4 Bed Rent $3,000$2,930
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    % of Rental Stock

    Studio
    6.3%
    1 Bedroom
    21.2%
    2 Bedrooms
    46.1%
    3 Bedrooms
    23.3%
    4 Bedrooms
    2.7%
    5+ Bedrooms
    0.4%

    Property Listings — Wilmington, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Wilmington, NC is 50. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$391,000-13.0%
    Listing Count
    		1947.0%
    Listings as % of Homes0.3%7.0%
    Days on Market
    		50-11.0%
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    Demographics — Wilmington, NC

    As of the latest ACS Survey released in 2023, Wilmington, NC has a population of 40,300, which has decreased by -1.5% over the past 5 years. Wilmington, NC is a less popular place for families, as children make up 12.0% of the population. The area has a highly educated workforce, with 47.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		40,300-1.5%
    % Under 18
    		12.0%-4.0%
    % Seniors
    		12.4%6.0%
    % WFH
    		13.9%178.0%
    % w/ College Degree
    		47.6%20.5%
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    As of the latest ACS Survey released in 2023, Wilmington, NC is a predominantly white area, with 73.8% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Wilmington, NC is black, making up 12.3% of the population. Foreign-born residents account for 4.9% of the population in Wilmington, NC, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		73.8%-5.9%
    % Black
    		12.3%-10.2%
    % Hispanic
    		7.6%68.9%
    % Asian
    		1.9%11.8%
    % Foreign Born
    		4.9%0.0%
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    Mortgage and Risk — Wilmington, NC

    According to HUD data as of 2023, there were 480 mortgage originations in Wilmington, NC, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Wilmington, NC. Investor activity is low, as 7.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		480
    % Conventional Loans
    		92.0%
    % Government Loans
    		8.0%
    % Investor Loans
    		7.0%
    % Second Loans
    		5.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Wilmington, NC

    As of 2024, the percent of homes in Wilmington, NC under the Section 8 program is 5.6%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Wilmington, NC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		790
    Total Units Section 8
    		701
    % Rentals under Section 8
    		5.6%
    % Occupied Section 8
    		80.1%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$150$1,200$1,350
    2 Bedroom$0$1,500$1,500
    3 Bedroom-$20$2,000$1,980
    4 Bedroom-$640$3,000$2,360

    Affordability — Wilmington, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio7.2
    Median Home Price$400,000
    Median Household Income$51,000

    Wilmington, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions