Wilmington 28405

Wilmington, NC · New Hanover County, NC · 270 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

44affordability /100

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

Payment burden
33.7%
stretched
Days on market
58
daily
Price cuts
25.2%
of active
Valuation
-35.5%
vs assessor
Look up an address
40
/100
mixed
stable · balanced · prices easing 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

46/ 100SellerBalancedBuyer
Balanced Market
Needs 11% correction for affordability
DOM: 76d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)50
Cancellation Rate (10%)0
Days on Market (5%)75

Balanced market in 28405. List price is roughly fair — focus on condition and value. Payment burden: 33.7% of median income. Median days on market: 76. Renting is approximately 62% cheaper than buying (price-to-rent ratio: 19.4).

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. Prices down 1.4% YoY.

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Market snapshoteach number, once

Median price
$376,935
▾ 1.4% YoY
Days on market
58
daily · zip_data
Median rent
$1,617
ZORI
Investor score
49/100
cash-flow lens
Active listings
147
90-day

Valuation3 lenses, different anchors

vs assessor
-35.5%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$243,050
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$264
Price-to-income5.6×

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How 28405 ranks in NC
percentile vs all NC ZIPs
Comparative ranking not available for this ZIP.

Affordability, supply & momentum

22SUPPLY
OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply15.7 mo
Days on Market58d
Inv vs History+33.3%
Listing Density9.9/1k
Market dynamics
Price cut %25.2%
Momentumstable
LeverageBALANCED
Months of supply15.7
Sales (90d)0
Investment analysis
Median rent$1,617
Price-to-rent19.4
Est. cap rate3.3%
Buy vs rentneutral

Livability

Walk score1
Transit score—
Bike score—

Historical trends

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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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Wilmington Metro·Overpriced ZIPs·Investor ZIPs·View on Map·New Hanover County