Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in New Hanover County, North Carolina?
County · Census ACS 5-Year estimates
The median gross rent in New Hanover County, North Carolina is $1,417/month (±$32), based on Census ACS 5-Year estimates (2024). The median home value is $387,800 (±$7,095), and the median household income is $75,166/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in New Hanover County, North Carolina and Neighbouring Counties
Housing Metrics for New Hanover County, North Carolina
| Metric | Value |
|---|---|
| Median Gross Rent | $1,417 |
| Median Home Value | $387,800 |
| Median Household Income | $75,166 |
| Total Housing Units | 104,856 |
| Renter-Occupied Units | 40,473 |
| Renter-Occupied Share | 39% |
| Households Paying 50%+ Income | 11,500 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| Studio | $1,160 | +0.0% |
| 1 BR | $1,267 | +0.0% |
| 2 BR | $1,400 | +0.0% |
| 3 BR | $1,692 | +0.0% |
| 4 BR | $1,446 | +0.0% |
| 5+ BR | $1,600 | +0.0% |
How does New Hanover County, North Carolina compare?
Median gross rent ranked against all counties in North Carolina.
Higher rent than 95% of counties in North Carolina · 6th of 100
| # | County | Value |
|---|---|---|
| 1 | Mecklenburg County | $1,627 |
| 2 | Wake County | $1,623 |
| 3 | Durham County | $1,508 |
| … 2 more … | ||
| 6 | New Hanover County(you are here) | $1,417 |
| … 91 more … | ||
| 98 | Graham County | $676 |
| 99 | Alleghany County | $675 |
| 100 | Tyrrell County | $644 |
More data for New Hanover County, North Carolina
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Frequently asked questions
What is the average rent in New Hanover County, North Carolina?
The median gross rent in New Hanover County, North Carolina is $1,417/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in New Hanover County, North Carolina?
The median rent for a 2-bedroom in New Hanover County, North Carolina is $1,400/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$38. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in New Hanover County, North Carolina?
The median home value in New Hanover County, North Carolina is $387,800 according to Census ACS 5-Year estimates (2024).
What percentage of renters in New Hanover County are rent-burdened?
In New Hanover County, North Carolina, 11,500 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in New Hanover County, North Carolina?
The median household income in New Hanover County, North Carolina is $75,166/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,417 has a margin of error of ±$32. In very small areas, MOEs can be large relative to the estimate.
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