ZIP Code 28405 — Wilmington, NC Home Prices (2026)

The typical home in ZIP 28405 (Wilmington, North Carolina) is worth about $377,000 at roughly $256 per square foot — 5% more affordable than the Wilmington median and 28% more expensive than the typical U.S. home.

$377,000

Typical home value

$256

Price per sq ft

#5 of 6

Wilmington ZIPs by value

-5%

vs Wilmington median

How 28405 compares

ZIP 28405 is one of the more affordable ZIP codes in Wilmington: its typical home value of $377,000 ranks #5 of the 6 Wilmington ZIP codes we track (the citywide range runs from $333,000 in 28401 to $518,000 in 28409). Per square foot it costs about $256, against $275 for Wilmington as a whole, $202 for North Carolina, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 28405	$377,000	$256
Wilmington, NC	$398,000	$275
North Carolina	$290,000	$202
United States	$294,000	$195

Home value by size in 28405

Using this ZIP’s rate of about $256 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$256,000
1,500 sq ft	$384,000
2,000 sq ft	$512,000
2,500 sq ft	$640,000
3,000 sq ft	$768,000

Salary needed to buy a home in ZIP 28405

To buy the typical $377,000 home in ZIP 28405 with 20% down, you need a household income of roughly $103,000 a year (about $2,390 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $122,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$18,900	$2,970/mo	$127,000/yr
10% (+PMI)	$37,700	$2,840/mo	$122,000/yr
20%	$75,400	$2,390/mo	$103,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 28405

At about $256 per square foot, here is roughly how much home different budgets get you in ZIP 28405:

Budget	Approx. size	What that looks like locally
$200k	780 sq ft	below the local median — condos, smaller or older homes
$250k	980 sq ft	below the local median — condos, smaller or older homes
$300k	1170 sq ft	below the local median — condos, smaller or older homes
$400k	1560 sq ft	around the typical home here
$500k	1950 sq ft	above the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 28405 home.

Estimate a specific home in 28405

The estimator below is pre-set to ZIP 28405 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Wilmington ZIP codes by home value

Where 28405 sits among Wilmington’s 6 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	28409	$518,000	$277
2	28411	$469,000	$274
3	28403	$400,000	$275
4	28412	$396,000	$246
5	28405 (this page)	$377,000	$256
6	28401	$333,000	$284

ZIP 28405 home prices: frequently asked

What is the average home price in ZIP code 28405? +

The typical home in ZIP 28405 (Wilmington, NC) is worth about $377,000 as of 2026. That is 5% more affordable than the Wilmington median of $398,000 and 28% more expensive than the U.S. median of $294,000.

What is the price per square foot in 28405? +

About $256 per square foot in 28405, versus $275 across Wilmington and $202 across North Carolina. At that rate a 1,500 sq ft home runs roughly $384,000 and a 2,500 sq ft home about $640,000.

What salary do you need to buy a house in ZIP 28405? +

For the typical $377,000 home in ZIP 28405, a household income of about $103,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $122,000; with 5% down about $127,000.

Is 28405 an expensive ZIP code? +

Within Wilmington, 28405 ranks #5 of 6 ZIP codes by typical home value, which makes it one of the more affordable ZIP codes in Wilmington. Nationally it is about average.

See the full Wilmington home values page, all North Carolina cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.