Rental numbers for New Hanover County, NC
The typical home here runs -$1,683 a month at 7.78% with 25% down. 0 of 8 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.2%.
- Gross yield
- 4.6%
- typical home, Zillow
- Median ZIP yield
- 5.2%
- 8 ZIPs with full data
- Cash flow
- -$1,683/mo
- at 7.78%, 25% down
- Typical price
- $448,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,706/mo
- Zillow ZORI, Aug 2026
ZIP codes in New Hanover County
10 with published figures
| 28401Wilmington | $331,000 | $1,670 | 6.1% | 3.0% | -$940 | +5.7% |
| 28429Castle Hayne | $369,000 | $1,824 | 5.9% | 3.0% | -$1,051 | n/a |
| 28405Wilmington | $375,000 | $1,738 | 5.6% | 2.7% | -$1,165 | +4.6% |
| 28403Wilmington | $398,000 | $1,733 | 5.2% | 2.4% | -$1,361 | +4.8% |
| 28409Wilmington | $514,000 | $2,222 | 5.2% | 2.5% | -$1,692 | +1.8% |
| 28412Wilmington | $393,000 | $1,567 | 4.8% | 2.1% | -$1,436 | +1.4% |
| 28411Wilmington | $468,000 | $1,842 | 4.7% | 2.2% | -$1,674 | +4.9% |
| 28428Carolina Beach | $601,000 | $2,261 | 4.5% | 2.1% | -$2,203 | n/a |
| 28449Kure Beach | $755,000 | $1,760* | 2.8% | 0.6% | -$3,674 | n/a |
| 28480Wrightsville Beach | $1,754,000 | $2,470* | 1.7% | -0.2% | -$9,694 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.4%
- Rent, 12 months
- +3.8%
- Rent minus price growth
- +3.4 pts
- Property tax
- 0.54%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $342,503 | $1,361 |
| Aug 2022 | $407,461 | $1,626 |
| Aug 2023 | $431,501 | $1,622 |
| Aug 2024 | $447,977 | $1,625 |
| Aug 2025 | $446,124 | $1,643 |
| Aug 2026 | $447,877 | $1,706 |
HUD Fair Market Rent
FY2027, Wilmington, NC HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,187 | $1,566 | $1,705 | $2,238 | $2,241 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 22.9
- 2,398 units, last 12 months
- National percentile
- 93th
- among US counties
Tools
Test a listing in New Hanover County against today's rate.
Open the calculatorPart of the Wilmington, NC metro.
Questions
- Is New Hanover County good for rental property?
- The typical home here runs -$1,683 a month at 7.78% with 25% down. 0 of 8 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.2%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in New Hanover County?
- About 0.54% of value, from Census ACS median taxes paid over median home value. On a $448,000 home that is about $2,432 a year.
- What is Fair Market Rent in New Hanover County?
- HUD's FY2027 Fair Market Rent here is $1,566 for a 1-bedroom, $1,705 for a 2-bedroom and $2,238 for a 3-bedroom. Typical cash flow at today's rate is -$1,683 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.