How much is a home worth in ZIP code 28401?

The typical home in 28401 is worth $332,508, based on the Zillow Home Value Index.

Are home values rising in 28401?

Home values in 28401 are down 3.0% over the past year, and up 6.5% a year over five years.

What is the typical rent in 28401?

A typical home in 28401 rents for about $1,627 a month, a gross rental yield of 5.9%.

What is the property tax rate in 28401?

The effective property tax rate in 28401 is 0.6% — roughly $1,978 a year on a typical home.

ZIP code 28401 has a population of 22,007 and a median household income of $57,968.

HousingHandbookReference data

…

U.S. ZIP Code · NC28401

New Hanover County · Wilmington, NC

Typical home value

$332,508^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.0%
5-year / yr: +6.5%
10-year / yr: +8.7%

Relative price

vs U.S.: +17.1%
vs metro: -12.3%
vs state: +16.8%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 28401 is worth $332,508 — 12.3% below the Wilmington, NC median. Over the past year, values have fallen 3.0%. Homes here rent for a typical $1,627 a month — a 5.9% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,627^[2]
Gross yield: 5.9%^[2]
Cap rate: 3.5%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $1,978^[3]

#Climate risk

FEMA National Risk Index ratings for New Hanover County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively Moderate
Coastal flood: Relatively High
Wildfire: Relatively Low
Drought: Very Low
Heat wave: Relatively Moderate
Hurricane: Very High
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 22,007^[3]
Median household income: $57,968^[3]

#Migration

Household moves in and out of New Hanover County over a year, from IRS tax-return data.

Net migration: +1,277^[5]
Moved in: 9,383
Moved out: 8,106

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 9
Elementary: 7
Middle: 1
High: 1

New Hanover High
High · Grades 9–12 · New Hanover County Schools
1,515 students
Williston Middle
Middle · Grades 6–8 · New Hanover County Schools
661 students
The International School at Gregory
Elementary · Grades K–8 · New Hanover County Schools
508 students
Wrightsboro Elementary
Elementary · Grades PK–5 · New Hanover County Schools
470 students
Sunset Park Elementary
Elementary · Grades K–5 · New Hanover County Schools
407 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.9%

Net yield (after ~40% expenses)3.5%

Annual rent$19,522

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,681

Loan principal$266,007

Down payment$66,502

Total interest paid$339,277

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.30

Monthly cost to own$2,122

Monthly rent$1,627

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 50th percentile^[1]
Rental yield: 73rd percentile^[2]
Property tax: 77th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 28401?: The typical home in 28401 is worth $332,508, based on the Zillow Home Value Index.
Are home values rising in 28401?: Home values in 28401 are down 3.0% over the past year, and up 6.5% a year over five years.
What is the typical rent in 28401?: A typical home in 28401 rents for about $1,627 a month, a gross rental yield of 5.9%.
What is the property tax rate in 28401?: The effective property tax rate in 28401 is 0.6% — roughly $1,978 a year on a typical home.
Who lives in 28401?: ZIP code 28401 has a population of 22,007 and a median household income of $57,968.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

28422 vs 28401 →
Oak Island, NC
Typical home
$333,342
Gross yield
7.7%
28467 vs 28401 →
Carolina Shores, NC
Typical home
$342,086
Gross yield
6.8%
28470
Shallotte, NC
Typical home
$322,557
Gross yield
6.3%
28479
Leland, NC
Typical home
$365,984
Gross yield
—
28429
Skippers Corner CDP, NC
Typical home
$368,631
Gross yield
7.7%
28457
Rocky Point CDP, NC
Typical home
$372,933
Gross yield
—

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Pit ZIP 28401 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NC28401

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