28412, Wilmington, NC

Wilmington, NC is located in the southeastern corner of North Carolina. The city has a population of around 120,000 and is the second largest city in the state. Wilmington was founded in 1798 and became an important port city during the 19th century. It became known as the “Queen City of the South” due to its wealth and prominence.

The 28412 zip code covers much of Wilmington including most of downtown as well as many residential neighborhoods. Home prices in this area have been increasing steadily over the past few years, reaching a peak in 2017 before beginning to decline slightly recently. As of March 2019, median home prices were $269,900 which is up from $254,500 just two years ago. This represents a 7% increase over that time period.

One reason for this recent uptick in home values may be related to low interest rates and increased demand for housing due to rising wages and unemployment rates throughout much of the country. Additionally, Wilmington has seen significant investment from both local and national companies which may also have contributed to increased demand for housing within this area.

Despite these positive trends, there are still some areas within Wilmington where home prices are lower than average relative to other parts of the country or other cities within North Carolina. Additionally, there are some areas within Wilmington where home values have decreased recently due to concerns about potential future development projects that could impact affordability or availability of housing units