The story of this market
The typical home in ZIP 28403 sells for about $463,400, or $265 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 67 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,380 a month.
ZIP 28403 — Wilmington
The 28403 housing market remains stable with steady demand driven by its proximity to the university and medical centers. While inventory remains tight, price growth has moderated compared to previous years, reflecting a balanced but competitive environment for buyers.
This ZIP is well-suited for university-affiliated individuals, young professionals, and investors seeking proximity to the city's educational and medical anchors, though it also attracts some downsizers.
Median prices moved up 2.1% year over year.
Homes spend a median of 67 days on market with 3.2 months of supply — a fast-moving market.
23% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.9% · poverty 24.8% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 28403, New Hanover County NC
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Wilmington area are generally higher than the national average, with property crime being the most frequently reported incident type. Local law enforcement maintains active community policing initiatives to address these regional trends.
The area is served by the New Hanover County School District, which provides a mix of public school options; performance ratings vary significantly by specific school site.
The region faces significant exposure to hurricane-related wind and flood risks, necessitating robust property insurance coverage and adherence to coastal building codes.
Economic momentum is driven by the University of North Carolina Wilmington, the healthcare sector, and a growing professional services industry, with ongoing infill development in the city core.
Property taxes are assessed by New Hanover County based on the fair market value of real estate, with additional municipal taxes applied for properties within Wilmington city limits.
Residents typically rely on personal vehicles for commuting, with major corridors like Market Street providing access to downtown Wilmington and regional employment hubs.
The ZIP code offers proximity to the Cross City Trail, various municipal parks, and is a short drive from the coastal amenities and beaches of Wrightsville Beach.
The rental market is characterized by high demand from students and young professionals, leading to low vacancy rates and steady rent growth.
The economy is anchored by the University of North Carolina Wilmington, New Hanover Regional Medical Center, and a diverse mix of retail, tourism, and professional services.
The area is served by the Wave Transit bus system, though personal vehicle usage remains the primary mode of transportation for most residents.
Development is focused on high-density residential infill and mixed-use projects along the primary commercial corridors.
The New Hanover County Tax Department conducts periodic revaluations to ensure assessments align with current market values.
Parcels are subject to New Hanover County and City of Wilmington property taxes, with specific utility districts providing water and sewer services.
Property insurance premiums are elevated due to the coastal location and associated wind/storm surge risks.
Data retrieved from data.census.gov ZCTA 28403 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- North Carolina Aquarium at Fort Fisher4.618.4 mi
- Indochine Restaurant4.52.3 mi
- Jungle Rapids Family Fun Park4.41.3 mi
- Live Oak Bank Pavilion4.24.9 mi
- Wilmington Convention Center4.54.8 mi
- Battleship North Carolina4.84.8 mi
- Wilmington Riverwalk, Battleship Eastside Site.4.74.6 mi
- Airlie Gardens4.82.4 mi
- Jungle Rapids Family Fun Park4.41.3 mi
- Johnnie Mercers Fishing Pier4.54.8 mi
- North Carolina Aquarium at Fort Fisher4.618.4 mi
- Battleship North Carolina4.84.8 mi
- Fort Fisher State Historic Site4.817.7 mi
- The Cotton Exchange4.54.6 mi
- The Children's Museum of Wilmington4.44.4 mi
- Airlie Gardens4.82.4 mi
- Carolina Beach State Park4.712.6 mi
- Long Leaf Park4.71.3 mi
- Freeman Park Beach4.611.4 mi
- Ogden Park4.73.7 mi
- Carolina Yacht Club4.54.4 mi
- Port City Marina4.54.8 mi
- Wrightsville SUP - Kayak & SUP Rentals, Lessons, and more54.3 mi
- Inlet Watch Yacht Club4.710.2 mi
- Seapath Yacht Club4.73.8 mi
- Beau Rivage Golf & Resort4.47.9 mi
- Cape Fear Country Club4.62.7 mi
- Wilmington Municipal Golf Course4.11.3 mi
- Magnolia Greens Golf Course4.49.8 mi
- Porters Neck Country Club4.68 mi
- Independence Mall4.12.2 mi
- T.J. Maxx4.30.7 mi
- Publix Super Market Commons at Federal Point4.612.6 mi
- Kohl's4.41.2 mi
- Marshalls4.22.3 mi
- Wilmington International Airport4.33.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional anchor institution and cultural hub.
Extensive multi-use path connecting various parts of the city.
Established retail and dining destination.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.