Living in Wilmington, NC

New Hanover County

Wilmington's identity is coastal in a way distinctly different from the three Piedmont/mountain cities elsewhere in this file, and that shows up concretely in both opportunity and risk. It's a genuine deepwater port city -- the Port of Wilmington is cited as contributing $12.9 billion annually to the state economy on its own (part of a $15.4 billion, 88,200-job NC Ports system total) -- though 2025 saw an actual downturn in container volumes tied to softer consumer spending and trade uncertainty, not a growth year. It's also home to the real, historically earned "Hollywood of the East" film-industry identity: more than 400 film and TV productions have shot in the Wilmington area since the mid-1980s, anchored by what is now the Cinespace-owned former Screen Gems studio complex, the largest in the Southeast. That identity needs an honest present-tense caveat, though -- 2025 was a near-record-low production year locally, with officials citing only a single show filming and describing the industry as "in limbo" into 2026, pressured by lower-cost European incentive competition and post-strike industry softness; this is a real, current headwind, not just historical color. UNC Wilmington is a genuine and growing anchor too, enrolling a record 19,895 students in fall 2025 (up 5.6% YoY) with its largest-ever incoming class. And Wilmington's coastal hurricane exposure is real and directly documented, not theoretical: Hurricane Florence made landfall near Wrightsville Beach in September 2018, stalled over the region, dropped more than 26 inches of rain, and left Wilmington functionally cut off from the rest of the state for days, with a preliminary $220 million in city property damage and $13 billion-plus statewide -- this is a fundamentally different, direct-landfall risk profile than the inland flood risk described for Asheville elsewhere in this file, and should be understood on its own terms by anyone relocating to the coast. On cost, home prices run close to the national median at $413,000, but property taxes are a genuine, well-documented advantage here: Wilmington's cited 0.57% effective rate sits below both the NC state median (0.81%) and the national median (1.02%), a real contrast to the above-average rates in Greensboro, Winston-Salem, and even Asheville.

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Housing

Median sale price (Wilmington city)$413,000

Median sale price of $413,000, up 2.6% YoY -- roughly in line with the broader national median, notably higher than Greensboro or Winston-Salem's figures in this file and reflecting Wilmington's coastal/tourism-market premium. Neighborhood spread is real here too: the Wilmington Historic District ran a $615,000 median in February 2026 (up 24.2% YoY), while Downtown Wilmington ran $460,000 over a three-month window ending May 2026 (down 5.4% YoY) -- a separate Ownwell citywide read put the broader Wilmington median notably lower, at $255,400, which does not reconcile cleanly with the Redfin figure and is flagged here as an unresolved source disagreement rather than papered over.

Median sale price (New Hanover County)Not yet verified

Taxes

Local effective property tax rate0.57%

Not independently sourced at the New Hanover County level this session. North Carolina's top state income tax rate is 3.99%. See the North Carolina hub page for the statewide property tax context -- do not treat that figure as Wilmington-specific.

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The tradeoffs

Pros

A genuinely lower property tax burden than the other NC Tier A cities in this file, or the national median -- a cited 0.57% effective rate versus roughly 1.02% nationally; real beach access (Wrightsville Beach and others minutes from downtown) alongside an urban, walkable historic downtown; a substantial, growing university anchor in UNC Wilmington (record enrollment in fall 2025); a genuine deepwater port and film-industry legacy, even though the film sector specifically is in a real current downturn.

Cons

Direct hurricane risk is real and well documented, not theoretical -- Hurricane Florence (2018) left the city functionally cut off from the rest of the state for days and caused a preliminary $220 million in city property damage, a fundamentally different risk category than the Piedmont cities in this file face; the film industry that gives Wilmington its "Hollywood of the East" identity is in a genuine, current slump (a near-record-low production year in 2025), so that identity should be understood as historically earned rather than presently thriving; the Port of Wilmington saw a container-volume downturn in 2025 amid broader trade uncertainty; home prices run close to the national median rather than offering a clear affordability advantage, and neighborhood-level pricing varies substantially (a cited $615,000 median in the Historic District versus lower figures elsewhere), with one source's much-lower citywide figure ($255,400) not reconciling cleanly against Redfin's $413,000 read -- worth checking current listings directly rather than relying on any single cited median.

Who this fits

Best for: Beach-access buyers who want a walkable coastal city with a lower property tax burden than the rest of this file, and retirees drawn to that same low-property-tax, coastal-amenity combination.

Maybe not for you if: Buyers with low tolerance for direct hurricane risk -- as opposed to the inland flood risk described for Asheville -- should weigh Hurricane Florence's documented 2018 impact seriously before committing to coastal NC; anyone relocating specifically for film-industry employment should understand the sector is in a real, current downturn rather than the thriving 'Hollywood of the East' peak years, and should verify current production activity rather than relying on the historical count of productions since the 1980s.

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Last reviewed: 2026-08-21. Independent research; see individual metric entries above for source attribution. This is not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.