Real Estate Investing in Wilmington, North Carolina (28411)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28411 (Wilmington, NC)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.1% vacancy may signal weakening demand.
What’s happening in Wilmington, NC (28411)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 28411 Wilmington
ZIP 28411 in Wilmington, NC carries a robust set of headwinds. Home values near $469K and rents of $1,815/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 28411 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 28411 among NC's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 28411 includes headwinds that any investor should price in. Income distribution skews lower than Wilmington averages, and tenant stability requires active management.
Strategically, 28411 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Wilmington:
Property Strategy for 28411
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $307,768 | $2,040 | 4.8% | +9.1% | $153,884 |
| 3BR | $390,846 | $2,680 | 4.9% | +8.6% | $130,282 |
| 4BR | $621,504 | $2,870 | 3.3% | +9.7% | $155,376 |
| 5BR | $773,137 | — | — | +9.7% | $154,627 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28411 Compare?
| Metric | 28411 | Wilmington | Wilmington, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $468,601 | $226,533 | N/A | $330,565 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.8% |
| Avg Rent | $1,815 | $1,805 | N/A | - |
| Cap Rate | 3.0% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28411 (Wilmington, NC). Anonymous, moderated, never written by AI.
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Property managers serving New Hanover County
Manage rentals here? List your business →A1 Property Management specializes in professionally managed vacation rentals in Carolina Beach and Kure Beach on Pleasure Island. summary from their website
CAMS (Community Association Management Services) provides management and financial services for community associations, including onboarding and transition support. summary from their website
Wilmington, NC property management company offering services for homes and apartment communities, aiming to reduce owner stress and maximize earnings. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $468,601 |
| Monthly Rent | $1,815 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | -13.1% ▼ |
| 3-Year CAGR | -3.2% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 28411
Population: 37,303
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 28411
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 8,100 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the tenant pool like in Wilmington, NC?
Expect a solid tenant pool in Wilmington, NC. The rental market absorbs $1,815/mo rents without meaningful friction.
What kind of vacancy should I budget for in Wilmington, NC?
Wilmington, NC vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What are home prices like in Wilmington, NC?
Median home price in Wilmington, NC is near $469K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
What is the average monthly rent in Wilmington, NC?
Expect rents around $1,815/mo per month in Wilmington, NC. With home values at $469K, the yield math works out to reasonable levels for rental investors.
How do landlord-tenant laws work in Wilmington, NC?
NC ranks as a landlord-friendly state for landlord-tenant law. Wilmington generally follows the statewide framework, so landlords face reasonable operating rules.
You know 28411 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 28411 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 28411 ranks in Wilmington, NC
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