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Upper Downtown

Upper Downtown

Neighborhood in Wilmington, North Carolina

New Hanover County 28401

$408,928 Average Value
$346 Average Price per Sq Ft
7 Homes For Sale

Downtown neighborhood known for its investment opportunities

Orange and pink sunsets over the Cape Fear River, outdoor concerts and luxury condos blocks from Wilmington’s Central Business District. That’s what draws homebuyers and investors to Upper Downtown. Residents blend in with tourists and college students in this small, bustling neighborhood featuring several marinas, the Wilmington Convention Center and the Live Oak Bank Pavilion. “It’s a great place for investors to have weekend places they can rent out in high season,” says Celeste Salzberg, a Realtor with Momentum Companies who’s lived in Wilmington since 2017. She notes that there are no restrictions for short-term rentals. “It’s hard to resist not doing it because you can make $2,000 in a weekend,” Salzberg says. With visitors outnumbering homeowners here, residents like to head east to the Brooklyn Arts District to avoid the crowds.

Waterfront properties and hotels for conventions are mainstays of Upper Downtown.
Waterfront properties and hotels for conventions are mainstays of Upper Downtown.
Upper Downtown offers spectacular sunset views over the water of the Cape Fear River.
Upper Downtown offers spectacular sunset views over the water of the Cape Fear River.
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Locally loved eateries in the Brooklyn Arts District

Mariners dock their boats outside Marina Grill, a relaxed riverside restaurant featuring a surf and turf menu. Tequila’s Waterfront is the neighborhood spot for Mexican cuisine and margaritas. Residents can walk a few blocks east to the Brooklyn Arts District, which features artsy eateries, local watering holes, and entertainment venues. Family recipes are used to make the mouthwatering donuts at Brooklyn Café and the homemade ice cream at Boombalatti’s. Bottega Art & Wine pairs wine with art, and Salzberg says The Eagle’s Dare draws people from across the city for country line dancing. The Historic District offers more bars, live music venues and trendy restaurants along Front Street. While the downtown area is sprinkled with corner stores and small markets, most residents leave the neighborhood for groceries. Food Lion and Harris Teeter are about 3 and 4 miles away. “There are rumors of a Publix going in by the amphitheater, but who knows how long that’ll be? We’re on Carolina time,” Salzberg says.

Upper Downtown is lit up at night with outdoor dining and boats on the marina.
Upper Downtown is lit up at night with outdoor dining and boats on the marina.
Donuts are on the menu at Brooklyn Cafe near Upper Downtown.
Donuts are on the menu at Brooklyn Cafe near Upper Downtown.
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Luxury condos, modern townhouses and single-family homes

Modern apartments, riverfront hotels, and contemporary office space make up most of the real estate in Upper Downtown. Still, there are opportunities to buy single-family homes and condos close to the action. One and two-bedroom condos sit in brick, contemporary and Art Deco buildings that rise three to five stories high, often with retail space on the first floor. The units offer open floor plans and modern finishes. Some come with exposed brick walls, balconies and separate storage spaces. A parking spot is included or leasable, usually in a surface lot next to the building. Condos range from $350,000 to $465,000 and have monthly HOA fees between $300 and $400. Townhouses are contemporary in design, often rising three stories high with two or three bedrooms. Along with private decks, balconies or rooftop patios, some have attached garages, a rare feature in downtown Wilmington. Townhouses can cost between $530,000 and $760,000, with monthly HOA fees between $100 and $500. Single-family homes here rest close together on quieter streets dotted with mature trees. Buyers will mostly find bungalows with covered front porches. Victorians, two-story Traditional homes and new construction are sprinkled in between. Prices range from $350,000 to $600,000.

Upper Downtown is seeing many of its older homes getting some updates.
Upper Downtown is seeing many of its older homes getting some updates.
Larger homes in Upper Downtown fetch a premium price.
Larger homes in Upper Downtown fetch a premium price.
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Outdoor activities along the Riverwalk

In Upper Downtown, life revolves around the riverfront. Boaters can cruise along the Cape Fear River, which features tidal marshes and creeks north of the city. Heading south, they can enjoy the city skyline, the Intracoastal Waterway and the Atlantic Ocean. Riverfront Park, anchored by the Live Oak Bank Pavilion, is popular for relaxing or enjoying live music. “There are always people out there,” says Derek Criscitiello, a real estate agent with Coldwell Banker Sea Coast Advantage. “It’s a unique space where you can just hang out and be social,” says Criscitiello, who lives in the neighboring Brooklyn Arts District. Residents can stretch their legs for over a mile by strolling down The Riverwalk. The boardwalk is Wilmington’s top attraction, lined with boutiques and seafood restaurants. Northside Park offers a traditional park experience with a playground, picnic shelter and a public outdoor pool.

The Riverwalk is one of Upper Downtown's most well known places to visit.
The Riverwalk is one of Upper Downtown's most well known places to visit.
Fishing off the piers in the Cape Fear River is a popular activity in Upper Downtown.
Fishing off the piers in the Cape Fear River is a popular activity in Upper Downtown.
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A fall festival celebrating the Cape Fear River

Residents in Upper Downtown are in a key location to experience Riverfest. Held the first full weekend in October, the free street festival celebrates the Cape Fear River and downtown Wilmington, drawing tens of thousands of people to the city. The event, first created in 1979, features a street fair along Water Street. Revelers can peruse dozens of artisan vendors, marvel at classic cars, enjoy fried festival treats and watch live performances. Saturday night, people line up along the Riverwalk to watch fireworks light up the night sky.

Friends are enjoying Friday Night Live! on the Pier in downtown Wilmington.
Friends are enjoying Friday Night Live! on the Pier in downtown Wilmington.
The band performs at Friday Night Live! on the Pier.
The band performs at Friday Night Live! on the Pier.
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Budding artists start at Snipes Academy

All three public schools zoned for Upper Downtown are within 2 miles of the neighborhood. Annie H. Snipes Academy of Arts & Design earns a C-plus from Niche. The magnet elementary school features a design lab and weaves the arts into its curriculum. Williston Middle receives a B-plus. Its seventh grade students can join the district’s Career and Leadership Development Academy to explore local industries through field trips. New Hanover High gets a B-plus and offers a competitive athletics program, winning state championships in multiple sports, including soccer, baseball, football and tennis. Among several private options, Saint Mary Catholic School is the closest, about a mile south. Residents seeking higher education can walk to Cape Fear Community College or head about 5 miles east to the University of North Carolina Wilmington.

The entrance to Snipes Academy of Arts & Design in Wilmington.
The entrance to Snipes Academy of Arts & Design in Wilmington.
New Hanover High School serves over 1400 students in the Wilmington, NC area.
New Hanover High School serves over 1400 students in the Wilmington, NC area.
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Walkable commutes into Historic Downtown

Upper Downtown neighbors Wilmington’s Central Business District. Commuters can easily walk to companies near the riverfront or board a Wave Transit bus at Padgett Station to reach destinations across the city. There are several bike-friendly streets in the neighborhood, as well. The free Port City Trolley is another option, looping up and down the riverfront. Drivers can take U.S. Route 74 east to Wrightsville Beach, about 10 miles away, or follow the same highway west all the way to Charlotte and Asheville. Wilmington International Airport is about 4 miles away. Market Street leads to Midtown and Independence Mall.

Upper Downtown is a bikable neighborhood with everything you need a short ride away.
Upper Downtown is a bikable neighborhood with everything you need a short ride away.
Upper Downtown has sidewalks on most streets making it a walkable location.
Upper Downtown has sidewalks on most streets making it a walkable location.
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DeeVa Payne
Written By
DeeVa Payne
William Neary
Photography Contributed By
William Neary
Brad Davis
Video By
Brad Davis

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Baxter Cheek, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Wilmington International

14 min drive

Bus

Nutt St Sb & Wilmington Railroad Museum

Bus

Front St Nb & Cowan St

Bus

4th St Nb & Mednorth Health Center

Bus

Front St Nb & Hanover St

Bus

Padgett Station

Bus

4th St Nb & Brunswick St

Bus

Harnett St Wb & Live Oak Bank Pavilion

Crime and Safety

1 - Low Crime, 10 - High Crime Upper Downtown US
Homicide 4 4
Sexual Assault 4 4
Assault with Weapon 4 4
Robbery 5 4
Burglary 9 4
Motor Vehicle Theft 8 4
Larceny 9 4
Crime Score 7 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$397,500
Median Single Family Price
$400,000
Median Townhouse Price
$619,000
Median 2 Bedroom Price
$392,500
Median 1 Bedroom Price
$309,450
Average Price Per Sq Ft
$346
Number of Homes for Sale
7
Last 12 months Home Sales
14
Months of Supply
6.00
Median List Price
$400,000
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
-1%

Home Facts

Number of Homes in Neighborhood
214
Median Year Built
2004
Avg. Single Family Home Size Sq Ft
1,450
Significantly below the national average
1,937
Average Townhouse Size Sq Ft
2,000
Average 2 Bedroom Size Sq Ft
1,168
Average 1 Bedroom Size Sq Ft
687
Median Lot Size Sq Ft
4,356

Open Houses

  • Sunday, May 4
    1 - 3pm

    314 Davis St Unit 101, Wilmington, NC 28401

    $289,900

    • 1 Bed
    • 1 Bath
    • 605 Sq Ft
    • 314 Davis St
    • Unit 101
    • New 29 days ago

    Welcome to 314 on Davis Street. Built in 2010 by one of Wilmington's top builders, Plantation Building Corp. Located in a hip, contemporary 3 unit building. Rare opportunity to own a downtown condo that includes an attached 1 car garage and extra off street parking! This oh so chic unit is located in Wilmington's Brooklyn Arts District, a diverse mix of art & yoga studios, cafes & bakeries,

    Lisa Lloyd BlueCoast Realty Corporation

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Baxter Cheek, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
1,832
Median Age
41
Population Density
9 ppl/acre
Population under 18
14.4%
Below the national average
23.8%
Population over 65
21.8%
On par with the national average
19.1%

Finances

Median Household Income
$77,896
Above the national average
$71,702
Average Household Income
$101,984

Education and Workforce

High School Graduates
94.7%
College Graduates
58.3%
Above the national average
34.1%
Advanced Degrees
27%
Above the national average
13.3%
% Population in Labor Force
68.4%

Weather

Annual Precipitation
64''
Average Winter Low Temperature
34°F
Average Summer High Temperature
89°F
Annual Snowfall
0''

Area Factors

Very Bikeable

Bike Score®

78 / 100

Somewhat Walkable

Walk Score®

64 / 100

Some Transit

Transit Score®

38 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Reviews

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Upper Downtown