Zip 28405 (Wilmington, NC) Housing

The housing market in 28405 is booming. The median value of a house in this area is $316,600, which is significantly lower than the US median home value of $338,100. This provides an affordable option for those looking to purchase a new home. However, the one-year appreciation rate for houses in 28405 has been 18.56%, much higher than the US average of 8.27%. This indicates that now is a great time to purchase property in this region as it will likely appreciate further in the upcoming years.

The median home cost in Wilmington (zip 28405) is $316,600. Home appreciation the last 10 years has been 114.4%. Home Appreciation in Wilmington (zip 28405) is up 24.7%.

Average Age of Homes

- The median age of Wilmington (zip 28405) real estate is 26 years old

The Rental Market in Wilmington (zip 28405)

- Renters make up 35.8% of the Wilmington (zip 28405) population
- 3.3% of houses and apartments in Wilmington (zip 28405), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Wilmington, North Carolina	United States
	16,247.0	139,647,020.0
	28	42
	$316,600	$338,100
	24.7%	16.6%
	79.4%	57.0%
	114.4%	101.1%
	$6.58	$10.98
	$1,686	$2,690
	52.1%	57.4%
	9.9%	11.2%
	38.0%	31.4%
Vacant Housing
	3.3%	1.9%
	0.4%	0.4%
	0.3%	0.7%
	0.5%	0.4%
	3.6%	3.6%
	1.8%	4.1%
Value of Owner-Occupied Housing
	1.5%	2.6%
	0.7%	2.4%
	0.7%	2.8%
	0.9%	3.9%
	1.7%	4.5%
	9.6%	11.3%
	18.8%	13.0%
	28.7%	20.1%
	8.8%	13.6%
	6.6%	8.3%
	9.5%	9.7%
	6.7%	3.9%
	2.9%	2.2%
	1.7%	0.8%
	1.4%	1.1%
Housing Units by Year Structure Built
	0.7%	0.2%
	20.3%	13.6%
	20.3%	13.6%
	23.3%	13.6%
	14.6%	13.2%
	15.6%	14.8%
	23.3%	13.6%
	2.5%	10.0%
	2.5%	4.7%
	2.8%	12.2%

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