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Wilmington city, NC

ZIP 28412 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28412

Median Home Value
$342,600
Median Rent
$1,186
Affordability Snapshot
$94,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,201/mo PITI).

21%
Rent-to-Income Ratio

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

5.1x
Home Price-to-Income Ratio

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

24.1 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 28412 in Wilmington city, NC, a household would need roughly $94,000 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 $2,201. That is about 39% above the local median household income ($67,396), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
57.6%-12% vs US avg
x
Vacancy Rate
6.1%-41% vs US avg
x
Broadband Access
91.7%+5% vs US avg
x
4+ Bedrooms
2.3%-84% vs US avg
x
Built Pre-1939
1.6%-87% vs US avg
x
Built Post-2014
2.6%-62% vs US avg
x
Rent Burden >30%
25.5%-49% vs US avg
x
Mortgage-Free
34.1%-11% vs US avg
x
$342,600
Home Value
$1,186
Rent
1999
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached55.1%
  • 1-unit attached6.4%
  • 2-9 units14.1%
  • 10+ units21.2%
  • Mobile home & other3.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$342,600
Median rent$1,186
Owner-occupied57.6%
Vacant6.1%
Price-to-income5.1x
Est. income to buy$94,000