dynamic.RE
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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 −2.8% YoY. inventory, +12.2% YoY, is the number to watch.
The median listing price is down 2.8% YoY while the median home got down 5.0% bigger, so value per square foot is up 1.4%.
U.S. Census ACS characteristics for ZIP 28409 itself, not its parent county.
Renters hold 15.6% of this ZIP's 14,544 occupied households, on a median household income of $111K.
| Measure | ZIP 28409 | New Hanover County | Difference |
|---|---|---|---|
| Median Household Income | $111K | $75K | +$36K |
| Below Poverty Level | 4.3% | 12.3% | -8.0% |
| Median Age | 43.20 | 39.90 | +3.30 |
| Total Population | 36,163 | 235,229 | -- |
| Avg Household Size | 2.48 | 2.19 | +0.29 |
| Owner-Occupied | 84.4% | 61.4% | +23.0% |
| Worked From Home | 20.1% | 19.4% | +0.7% |
| Mean Commute | 20.80 | 20.60 | +0.20 |
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.