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New Hanover County

Learn about the people, housing, costs and businesses in New Hanover County County

Median Home$400,016
Median Rent$1,498/month
Population235,229
Leading IndustriesHealthcare · Professional Services · Arts, Food & Hospitality16% healthcare
Home Value Growth⬆⬆⬆+21.7% over 2 years
Young Adults32% of residentswell above average
Homeowners61% of occupied units
NotableAmenity Score82/100 · highly walkable area
NotableHighly Educated29% bachelor's · 11% graduate · top 3% nationally
New Hanover County
NC

Frequently Asked Questions

What are today's mortgage rates in New Hanover County?

As of today, the 30-year fixed mortgage rate for New Hanover County is approximately 6.951% (6.975% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New Hanover County?

The median home value in New Hanover County is $400k. The median monthly rent is $1,498. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Hanover County?

Home values in New Hanover County have increased 21.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New Hanover County?

Based on a typical all-in ownership cost of $1,499/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $64k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Hanover County is $83k/year.

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What industries drive the economy in New Hanover County?

The largest employment sectors in New Hanover County are public administration (23%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas