Wilmington 28403

Wilmington, NC · New Hanover County, NC · 426 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

22affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
47.3%
severe
Days on market
48
daily
Price cuts
26.4%
of active
Valuation
-44.7%
vs assessor
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32
/100
weak
stable · balanced · prices rising year-over-year.

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

58/ 100SellerBalancedBuyer
Balanced Market
Needs 36.6% correction for affordability
DOM: 51d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)100
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)50
Cancellation Rate (10%)0
Days on Market (5%)60

Balanced market in 28403. List price is roughly fair — focus on condition and value. Payment burden: 47.3% of median income. A 26% price correction needed to reach 30% affordability threshold. Median days on market: 51. Renting is approximately 58% cheaper than buying (price-to-rent ratio: 19.0).

Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.
STABLEBALANCED

Market is holding steady with balanced conditions. Conditions are balanced between buyers and sellers.

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Market snapshoteach number, once

Median price
$397,520
▴ 0.0% YoY
Days on market
48
daily · zip_data
Median rent
$1,741
ZORI
Investor score
54/100
cash-flow lens
Active listings
157
90-day

Valuation3 lenses, different anchors

vs assessor
-44.7%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$219,670
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+79.8%
County-wide market — the widest, slowest signal.
Mecklenburg+79.8%
Johnston+65.7%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$259
Price-to-income7.8×

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How 28403 ranks in NC
percentile vs all NC ZIPs
Comparative ranking not available for this ZIP.

Affordability, supply & momentum

25SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply16.9 mo
Days on Market48d
Inv vs History+42.9%
Listing Density8.7/1k
Market dynamics
Price cut %26.4%
Momentumstable
LeverageBALANCED
Months of supply16.9
Sales (90d)0
Investment analysis
Median rent$1,741
Price-to-rent19.0
Est. cap rate3.4%
Buy vs rentneutral

Livability

Walk score12
Transit score1
Bike score

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New Hanover County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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