Rent in 28405 (Wilmington, NC)
In ZIP 28405 (Wilmington, NC), a 2-bedroom typically rents for $1,341–$1,705 a month, 21% below the New Hanover County Fair Market Rent of $1,705. Other sizes: studio $1,187, 1 bed $1,566–$1,643, 3 beds $1,676–$2,238, 4 beds $2,155–$2,241. Owner-occupied homes in New Hanover County pay about 0.54% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Range | Best guess | County FMR |
|---|---|---|---|
| Studio | $1,187 | $1,187 | $1,187used above |
| 1 bed | $1,566–$1,643 | $1,643 | $1,5665% above |
| 2 beds | $1,341–$1,705 | $1,341 | $1,70521% below |
| 3 beds | $1,676–$2,238 | $1,676 | $2,23825% below |
| 4 beds | $2,155–$2,241 | $2,155 | $2,2414% below |
- Studio: HUD Fair Market Rent (county) $1,187 (Oct 1, 2026)
- 1 bed: Census ACS 5-year median gross rent $1,643 ±$111 (Dec 31, 2024); HUD Fair Market Rent (county) $1,566 (Oct 1, 2026)
- 2 beds: Census ACS 5-year median gross rent $1,341 ±$67 (Dec 31, 2024); HUD Fair Market Rent (county) $1,705 (Oct 1, 2026)
- 3 beds: Census ACS 5-year median gross rent $1,676 ±$115 (Dec 31, 2024); HUD Fair Market Rent (county) $2,238 (Oct 1, 2026)
- 4 beds: Census ACS 5-year median gross rent $2,155 ±$1,012 (Dec 31, 2024); HUD Fair Market Rent (county) $2,241 (Oct 1, 2026)
Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
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Frequently asked questions
- What is the rent for a 2-bedroom in 28405?
- Typically $1,341–$1,705 a month, with a best guess of $1,341. That is 21% below the New Hanover County Fair Market Rent ($1,705).
- What is the rent for a 1-bedroom in 28405?
- Typically $1,566–$1,643 a month, with a best guess of $1,643. That is 5% above the New Hanover County Fair Market Rent ($1,566).
- What is the rent for a 3-bedroom in 28405?
- Typically $1,676–$2,238 a month, with a best guess of $1,676. That is 25% below the New Hanover County Fair Market Rent ($2,238).
- What is the rent for a studio in 28405?
- $1,187 a month, the HUD Fair Market Rent for New Hanover County; there is no ZIP-level figure for 28405.
- What is the rent for a 4-bedroom in 28405?
- Typically $2,155–$2,241 a month, with a best guess of $2,155. That is 4% below the New Hanover County Fair Market Rent ($2,241).
- What is the property tax rate in ZIP 28405?
- Owner-occupied homes in New Hanover County pay a typical 0.54% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do the 28405 rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).