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New Hanover County Housing Market

North Carolina · 100 counties · Ranked #2813 in home value

Above National Avg

Housing at a Glance

Median Home Value

$353,700

vs national+$353,700 vs $281,900 national

Median Gross Rent

$1,343/mo

vs national+$1,343 vs $1,163 national

Effective Tax Rate

0.59%

vs national0.59% vs 1.02% national

Median Household Income

$72,892

vs national$72,892 vs $74,755 national

Affordability Ratio

4.9x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

31.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,075

Tax as % of Home Value

0.59%

Monthly Owner Cost

$1,410

Renter Income

$47,308

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Frequently Asked Questions

What is the median home value in New Hanover County?

The median home value in New Hanover County is $353,700. This is above the national median of $281,900.

How much is rent in New Hanover County?

The median gross rent in New Hanover County is $1,343 per month.

What is the property tax rate in New Hanover County?

The effective property tax rate in New Hanover County is 0.59%. The median annual property tax bill is $2,075.

Is New Hanover County affordable?

With a home-value-to-income ratio of 4.9x, New Hanover County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.