The housing market in 28401 Wilmington, NC is booming. The median value of houses in this area is $269,100, which is considerably lower than the national median value of $338,100. However, this area has experienced an impressive 1 year house appreciation rate of 18.56%, which is significantly higher than the US average of 8.27%. This indicates that the local housing market in Wilmington, NC is rapidly expanding and becoming more attractive to potential buyers.
The median home cost in Wilmington (zip 28401) is $269,100. Home appreciation the last 10 years has been 114.4%. Home Appreciation in Wilmington (zip 28401) is up 24.7%.
Average Age of Homes
- The median age of Wilmington (zip 28401) real estate is 62 years old
The Rental Market in Wilmington (zip 28401)
- Renters make up 56.4% of the Wilmington (zip 28401) population
- 1.9% of houses and apartments in Wilmington (zip 28401), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.