Market Snapshot
| Indicator | Value |
|---|---|
| Population | 231,214 ↑ 2.4% since 2020 |
| Median Household Income | $72,892 2% below national median |
| Median Home Value | $353,700 |
| Unemployment Rate | 4.7% |
| Median Age | 40.1 years |
| Housing Vacancy Rate | 12.7% |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 231,214 |
| Population (2020) | 225,702 |
| Population Growth | 2.44% |
| Median Household Income | $72,892 |
| Median Home Value | $353,700 |
| Total Housing Units | 117,236 |
| Vacant Housing Units | 14,860 |
| Housing Vacancy Rate | 12.7% |
| Median Age | 40.1 |
| Bachelor's Degree or Higher | 46,824 (20.3%) |
| Unemployment Rate (BLS) | 3.1% |
Market Overview
New Hanover County, North Carolina has a population of 231,214, which has grown 2.44% since 2020. The median household income is $72,892, below the national median of $74,580 by 2.3%. With a median home value of $353,700 and an unemployment rate of 3.1%, the local economy is moderate. The housing vacancy rate of 12.7% suggests soft market conditions. New Hanover County remains a key area for land acquisition in North Carolina.
Related Resources
- Sell Land in New Hanover County, NC
- How to Sell Land in North Carolina
- FSBO Guide
- Land Valuation Guide
Nearby County Reports
Frequently Asked Questions
What is the current population of New Hanover County, North Carolina?
As of the 2023 American Community Survey, New Hanover County has a population of 231,214. The county has grown 2.44% since the 2020 Census, indicating a growing community.
What is the median household income in New Hanover County?
The median household income in New Hanover County is $72,892, which is 2.3% below the national median of $74,580.
Is New Hanover County growing or shrinking?
New Hanover County is growing. The population has increased 2.44% since 2020.
What is the housing market like in New Hanover County?
The median home value in New Hanover County is $353,700. The housing vacancy rate is 12.7%, which suggests soft market conditions. The unemployment rate is 3.1%, indicating a moderate local economy.
Does Reelvest buy land in New Hanover County, North Carolina?
Yes! Reelvest Properties buys vacant land throughout North Carolina, including New Hanover County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.