Cost of Living,
Northwest's Real Estate Market
Wilmington Metro Area
Profile: Mid-sized port city Location: Southern North Carolina coast Elevation: 30 Time zone: Eastern Standard Time
|Historic downtown ||Isolation|
|Nearby beaches ||Cost of living|
|Mild winters ||Crime rates|
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Wilmington is an old Colonial port city known for shipping, agricultural processing, and flowers. The historic town center and waterfront along the Cape Fear River is interesting and attractive. Due to its historic interest and its location on a peninsula formed by the Cape Fear River on the west and the Atlantic Intracoastal Waterway on the east, housing costs and cost of living tend to be higher than other small North Carolina cities.
Employment growth is also very strong as more find the area. The area has a healthy mix of old and new economy employers, from International Paper and Louisiana Pacific to GE Nuclear Systems and Corning optical fiber, with a few pharmaceutical and biotech equipment firms in addition. There is a large regional hospital and medical complex. Wilmington is somewhat far from many big-city amenities and services, but the climate is pleasant and residential sections are attractive.
Wilmington is located along the southern Atlantic Coast of North Carolina. Because of the curvature of the coastline, the ocean lies about 5 miles east and about 20 miles south. The surrounding terrain is typical of coastal Carolina, with low-lying, gently rolling land with rivers, creeks, and lakes with considerable swamp and marshland adjoining them. Large wooded areas alternate with cultivated fields.
The maritime location makes the climate unusually mild for its latitude, with daily temperature variations less than many nearby areas. Summers are warm and humid, usually with cool afternoon breezes but without excessive heat. High temperatures of 90 degrees F are reached about 1 day in 3, but 100 degree temps are rare. Cold air from the north invades in winter and doesn’t last, and the season is short and mild. On average, daytime temperatures stay below freezing only once a year. Rainfall is well distributed with most occurring during summer thunderstorms. The area is subject to coastal storms and hurricanes, with high winds, high tides, and heavy rain. Winter rain is more likely to be slow and steady, often lasting 2 to 3 days. Snow accumulation is rare.
Interesting Facts about Northwest, North Carolina
As of 2014, Northwest's population is 661 people. Since 2000, it has had a population growth of 19.10 percent.--------------------
The median home cost in Northwest is $108,500. Home appreciation the last year has been 0.90 percent.--------------------
Compared to the rest of the country, Northwest's cost of living is 8.40% Lower than the U.S. average.--------------------
Northwest public schools spend $9,478 per student. The average school expenditure in the U.S. is $12,435. There are about 15.2 students per teacher in Northwest.--------------------
The unemployment rate in Northwest is 6.30 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Northwest jobs have Increased by 2.89 percent.
Ranked #38 Most Competitive Public Colleges
Ranked #104 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
Ranked #172 2005 Best Places to Live
Ranked #233 Best Green Cities
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Average Commute time is 27 minutes. The National Average is 25 minutes.--------------------
Northwest's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes
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