Why Live in Old East Wilmington
Old East Wilmington is a neighborhood characterized by a strong sense of community and diverse housing options. The area features a mix of single-family homes, condos, and apartment complexes. Homes north of Market Street include bungalows, cottages, and brick ranch-style houses, while the southern section is dominated by condos with updated interiors and community amenities like pools. The neighborhood is undergoing transformation with new constructions and rehabs, attracting both homeowners and investors. Some properties are available through a Land Trust financing model, making homeownership accessible for low- to moderate-income buyers.
Market Street, a major thoroughfare, bisects the neighborhood and is lined with both national retail chains and local boutiques and eateries. Notable spots include Flea Body's Antique Mall and Indochine restaurant. The area is also home to Wilmington’s only Target, with another proposed for the nearby Carolina Beach area. Community initiatives are prominent, such as the Willowdale Urban Farm and the preservation efforts at Maides Cemetery. Maides Park offers recreational facilities, including ballfields and courts, and is home to the Derick G.S. Davis Community Center.
Educational options in Old East Wilmington include highly rated schools like Holly Shelter Middle and New Hanover High. The neighborhood also hosts the Girls Leadership Academy of Wilmington, a public charter school with a STEM focus. The area is safer than the national average, contributing to its appeal. Conveniently located, the neighborhood is about 3 miles from the Historic District and 4 miles from Wilmington International Airport. Despite some traffic congestion during peak hours, the area is well-served by public transportation and bike paths.
Frequently Asked Questions
Is Old East Wilmington a good place to live?
Old East Wilmington is a good place to live. Old East Wilmington is considered somewhat walkable and somewhat bikeable with some transit options. Old East Wilmington has 2 parks for recreational activities. It is fairly sparse in population with 4.6 people per acre and a median age of 28. The average household income is $47,866 which is below the national average. College graduates make up 29.5% of residents. A majority of residents in Old East Wilmington are renters, with 87.4% of residents renting and 12.6% of residents owning their home. A
local real estate agent serving Old East Wilmington can help you decide if this neighborhood is the right one for you. Learn more on our
Old East Wilmington neighborhood guide.
Is Old East Wilmington, NC a safe neighborhood?
Old East Wilmington, NC is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Old East Wilmington?
The median home price in Old East Wilmington is $274,990. If you put a 20% down payment of $55,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,430 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $61K a year to afford the median home price in Old East Wilmington. The average household income in Old East Wilmington is $48K.
What are the best public schools in Old East Wilmington?
The best public schools that serve Old East Wilmington are:
What are the best private schools in Old East Wilmington?
The best private schools that serve Old East Wilmington are:
What are the most popular zip codes in Old East Wilmington, Wilmington, NC?
What are the most popular neighborhoods near Old East Wilmington, Wilmington, NC?
Are home prices dropping in Old East Wilmington?
Yes, home prices in Old East Wilmington are down 24% in the last 12 months.
Home Trends in Old East Wilmington, NC
On average, homes in Old East Wilmington, Wilmington sell after 15 days on the market compared to the national average of 70 days. The median sale price for homes in Old East Wilmington, Wilmington over the last 12 months is $509,250, down 7% from the median home sale price over the previous 12 months.
Median Sale Price
$509,250
Median Single Family Sale Price
$18,000
Average Price Per Sq Ft
$334
Number of Homes for Sale
2
Last 12 months Home Sales
9
Median List Price
$274,990
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-7%