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Wilmington city, NC

ZIP 28401 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28401

Median Home Value
$263,000
Median Rent
$968
Affordability Snapshot
$72,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,689/mo PITI).

22%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

22.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 28401 in Wilmington city, NC, a household would need roughly $72,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,689. That is about 38% above the local median household income ($52,159), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
40.5%-38% vs US avg
x
Vacancy Rate
17.2%+67% vs US avg
x
Broadband Access
84.1%-3% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
15.7%+23% vs US avg
x
Built Post-2014
3.1%-55% vs US avg
x
Rent Burden >30%
26.9%-46% vs US avg
x
Mortgage-Free
34.5%-10% vs US avg
x
$263,000
Home Value
$968
Rent
1954
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached54.3%
  • 1-unit attached3.4%
  • 2-9 units22.9%
  • 10+ units17.3%
  • Mobile home & other2.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$263,000
Median rent$968
Owner-occupied40.5%
Vacant17.2%
Price-to-income5.0x
Est. income to buy$72,000