8 / 100

New Hanover County, NC

Wilmington

RANK #912 / 996 NAT  ·  #45 / 51 NC  ·  POP 228,134

1YR FORECAST: -0.5%

5YR OUTLOOK: +11%

Our model projects New Hanover County's housing market at -0.5% over the next year, underperforming most U.S. counties.

[01] Why New Hanover County?

With its historic downtown and proximity to Atlantic beaches, New Hanover County, North Carolina, offers a distinctive coastal lifestyle. The city of Wilmington, the county seat, sits along the Cape Fear River, approximately 130 miles south of Raleigh. Residents and visitors enjoy a Riverwalk, historic architecture, and access to nearby beach towns like Wrightsville Beach, Carolina Beach, and Kure Beach. Outdoor recreation opportunities abound, including watersports, hiking trails, and numerous parks such as Airlie Gardens and Carolina Beach State Park.

Life in New Hanover County attracts a mix of families, retirees, and young professionals seeking a balance of coastal living and urban amenities. The public school system, New Hanover County Schools, is highly rated and offers various educational options, including magnet and year-round schools. The economy, while historically influenced by tourism, has seen growth in sectors like healthcare and finance. Recent economic developments include investments in commercial and residential construction, as well as expansion in industrial and logistics sectors, particularly around the Port of Wilmington and Wilmington International Airport.

[02] Market Snapshot

Housing Ratio
4.4x

Below national median (4.7x)

GDP Growth
+2.8%

Above national median

Home Prices
-1.2%

Prices declining

Climate & Terrain
1.2

Moderate climate & terrain

Price/Rent
16x

Above national median (13x)

Housing is fairly valued at 4.4x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Novant Health New Hanover Regional Medical Center Healthcare
    5,000+
  2. 2
    New Hanover County Schools Education
    1,000+
  3. 3
    University of North Carolina Wilmington Education
  4. 4
    PPD (Thermo Fisher Scientific) Other
  5. 5
    New Hanover County Government Government
  6. 6
    City of Wilmington Government
  7. 7
    Cape Fear Community College Education
  8. 8
    Corning Incorporated Manufacturing
    500+
  9. 9
    GE Hitachi Nuclear Energy Energy
  10. 10
    Live Oak Bank Finance
    250+

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

New Hanover County U.S. National

The Numbers

DEMOGRAPHICS
Population
228,134
+1.31% YoY
Median Household Income
$67,515
Median Home Value
$320,000
-1.21% 12mo
Median Rent
$1,249
Average Annual Pay
$61,611
+4.6% YoY
Employment
130,464
+1.1% YoY
Income-to-Home-Value
0.211
Near national average
Migration Inflow
5.08%
of pop. from another state
Bachelor's Degree+
43.4%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$447,542
Days on Market
79
Slower market
Months of Supply
4.5
Balanced market
Sale-to-List Ratio
97.6%
Negotiation room for buyers
Sold Above List
11.0%
Listings w/ Price Drops
18.6%
Building Permits (2024)
2,581
Single-Family Permits
1,296

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.7
per 100K · nat avg 6.3
Firearm Fatalities
14.1
per 100K · nat avg 14.8
Injury Deaths
95.3
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
42.0
Good
Good Air Days
73%
791 of 1,083 days
Unhealthy+ Days (3yr)
1
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
40
2022
42
2023
44
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$207M
TOTAL
PROJECT AMOUNT STATUS
Amazon Robotics Fulfillment Center
Amazon
$100M Under Construction
Project Grace (Library and Museum)
New Hanover County
$57M Under Construction
Swartville Residential Development
Sea Horse Development (Joel and Ross Tomaselli)
$50M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +2.8% 53 percentile
Population Growth +1.3% 79 percentile
Income Growth +8.3% 42 percentile
Vacancy Rate 1.5% 22 percentile
Home Price Change -1.2% 20 percentile
Rent Growth +1.4% 25 percentile
Price/Rent 16x 26 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is New Hanover County, NC a good place to move to?

The data is not encouraging — New Hanover County scores just 8/100 on the Boom Town Index, ranking #912 of 996 counties. Job growth at +1.1% and median household income of $67,515 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is New Hanover County affordable?

New Hanover County leans toward the expensive side. A median home value of $320,000 against an income-to-home-value ratio of 0.21 means housing eats a bigger share of local earnings than the national norm. Renters face $1,249/month on average.

Is New Hanover County growing or shrinking?

New Hanover County is growing on multiple fronts. Population is up +1.3% year-over-year while employers added jobs at a +1.1% clip. Home values shifted -1.2% in the past year.

Are people moving to New Hanover County?

In significant numbers — 5.08% of New Hanover County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[10] Similar Counties by Size & Score

Mecklenburg County, NC 8 Orange County, NC 9 Lincoln County, NC 10 Pender County, NC 6 Haywood County, NC 5 Durham County, NC 5 Charles County, MD 8 Santa Fe County, NM 8