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A market with no active rental pool to price against. The sale-side figures below are the whole picture.
What would change this read: the median listing price is −8.1% YoY. inventory, +6.3% YoY, is the number to watch.
The median listing price is down 8.1% YoY while the median home got down 10.1% bigger, so value per square foot is down 4.1%.
U.S. Census ACS characteristics for ZIP 28405 itself, not its parent county.
Renters hold 42.4% of this ZIP's 15,899 occupied households, on a median household income of $70K.
| Measure | ZIP 28405 | New Hanover County | Difference |
|---|---|---|---|
| Median Household Income | $70K | $75K | -$5K |
| Below Poverty Level | 13.8% | 12.3% | +1.5% |
| Median Age | 38.00 | 39.90 | -1.90 |
| Total Population | 35,467 | 235,229 | -- |
| Avg Household Size | 2.21 | 2.19 | +0.02 |
| Owner-Occupied | 57.6% | 61.4% | -3.8% |
| Worked From Home | 22.5% | 19.4% | +3.1% |
| Mean Commute | 21.40 | 20.60 | +0.80 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 1.7% to 235,229: residents under 18 are down 0.1% and those 65 and over are up 3.6%.
County median household income is $75K, 12.3% of residents are below the poverty level, 19.4% work from home.