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Wilmington city, NC

ZIP 28409 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28409

Median Home Value
$382,900
Median Rent
$1,198
Affordability Snapshot
$105,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,460/mo PITI).

13%
Rent-to-Income Ratio

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

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

26.6 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 28409 in Wilmington city, NC, a household would need roughly $105,000 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 $2,460. That is roughly in line with the local median household income ($108,241). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
83.8%+28% vs US avg
x
Vacancy Rate
5.1%-50% vs US avg
x
Broadband Access
95.7%+10% vs US avg
x
4+ Bedrooms
7.4%-50% vs US avg
x
Built Pre-1939
1.4%-89% vs US avg
x
Built Post-2014
2.4%-65% vs US avg
x
Rent Burden >30%
16.6%-67% vs US avg
x
Mortgage-Free
33.7%-12% vs US avg
x
$382,900
Home Value
$1,198
Rent
1991
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached87.9%
  • 1-unit attached4.2%
  • 2-9 units3.0%
  • 10+ units1.8%
  • Mobile home & other3.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$382,900
Median rent$1,198
Owner-occupied83.8%
Vacant5.1%
Price-to-income3.5x
Est. income to buy$105,000