28411, Wilmington, NC

Wilmington, NC is located in the southeastern United States and has a population of around 210,000 people. The 28411 zip code covers a total area of around 9 square miles and has a median home value of $142,500. Home equity in Wilmington has been on the rise in recent years, with prices increasing by an average of 7.5% annually between 2013 and 2017. This increase can be attributed to both rising home values and low interest rates, which have made refinancing more affordable for homeowners.

Despite the recent uptick in home values, Wilmington still has some areas that are more affordable than others. The most affordable neighborhoods in Wilmington are typically located near the city center or near major transportation hubs like I-95 and I-40. Meanwhile, areas that are more expensive tend to be located further away from major transportation hubs or within suburban neighborhoods.

Overall, home equity is growing rapidly in Wilmington due to both rising prices and low interest rates. This trend is likely to continue over the next few years as long as there are no major economic or political disruptions that could cause a decline in home values.