Cities with the most expensive homes in the Wilmington metro area
Cities with the most expensive homes in the Wilmington metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights affordability plays a huge role for buyers.
The typical home value in the United States was a record $351,423 in August, 1.3% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of Sept. 21, the 30-year fixed mortgage rate sits at 7.19%.
Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Wilmington metro area using data from Zillow. Charts show the monthly typical home value since January 2018.
#14. Ivanhoe, NC
- Typical home value: $162,078
- 1-year price change: +1.2%
- 5-year price change: +58.7%
#13. Wallace, NC
- Typical home value: $189,253
- 1-year price change: +5.1%
- 5-year price change: +62.7%
#12. Atkinson, NC
- Typical home value: $200,994
- 1-year price change: +3.9%
- 5-year price change: +75.7%
#11. Currie, NC
- Typical home value: $223,103
- 1-year price change: +3.9%
- 5-year price change: +67.5%
#10. Burgaw, NC
- Typical home value: $260,486
- 1-year price change: +6.3%
- 5-year price change: +79.4%
#9. Castle Hayne, NC
- Typical home value: $325,601
- 1-year price change: +8.3%
- 5-year price change: +69.4%
#8. Rocky Point, NC
- Typical home value: $340,991
- 1-year price change: +5.0%
- 5-year price change: +67.5%
#7. Wilmington, NC
- Typical home value: $389,999
- 1-year price change: +6.4%
- 5-year price change: +66.1%
#6. Hampstead, NC
- Typical home value: $468,378
- 1-year price change: +2.5%
- 5-year price change: +60.6%
#5. Carolina Beach, NC
- Typical home value: $574,506
- 1-year price change: +1.1%
- 5-year price change: +84.5%
#4. Surf City, NC
- Typical home value: $675,005
- 1-year price change: +1.2%
- 5-year price change: +103.2%
#3. Kure Beach, NC
- Typical home value: $754,649
- 1-year price change: +0.3%
- 5-year price change: +86.2%
#2. Topsail Beach, NC
- Typical home value: $926,611
- 1-year price change: -0.3%
- 5-year price change: +101.8%
#1. Wrightsville Beach, NC
- Typical home value: $1,495,291
- 1-year price change: -0.2%
- 5-year price change: +79.6%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.
