Why Live in Princess Place
Princess Place is a neighborhood of single-family homes located just northeast of downtown Wilmington. This quiet area features modest ranches and bungalows, many of which were built in the 1940s and have undergone significant interior renovations. Homes typically have two or three bedrooms, with private driveways and fenced-in backyards. The neighborhood does not have an HOA, making it more affordable compared to nearby areas like Carolina Place. Princess Place is about 2 miles from the Wilmington Riverwalk, a popular destination for shopping, dining, and events along the Cape Fear River. Local highlights include Elijah's Oyster & Fish Camp, Anne Bonny's Bar and Grill, and the Cape Fear Museum of History and Science. The neighborhood is also close to Wrightsville Beach, about 9 miles east, and Wilmington International Airport, approximately 2 miles north. For groceries, residents can visit Food Lion, located 2 miles south. Students in Princess Place attend schools such as Holly Shelter Middle School and New Hanover High School, both of which have high ratings. The area has a low crime risk compared to the national average. Kennedy Park within the neighborhood offers a basketball court and playground, while Maides Park, less than 2 miles east, features sports fields, courts, and a community garden. The nearby Nir Family YMCA provides fitness facilities and children's programs.
Frequently Asked Questions
Is Princess Place a good place to live?
Princess Place is a good place to live. Princess Place is considered car-dependent and somewhat bikeable with some transit options. Princess Place has 6 parks for recreational activities. It is fairly sparse in population with 3.3 people per acre and a median age of 40. The average household income is $51,729 which is below the national average. College graduates make up 49% of residents. A majority of residents in Princess Place are home owners, with 30.4% of residents renting and 69.6% of residents owning their home. A
local real estate agent serving Princess Place can help you decide if this neighborhood is the right one for you. Learn more on our
Princess Place neighborhood guide.
How much do you need to make to afford a house in Princess Place?
The median home price in Princess Place is $284,990. If you put a 20% down payment of $57,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,470 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $63K a year to afford the median home price in Princess Place. The average household income in Princess Place is $52K.
What are the best public schools in Princess Place?
The best public schools that serve Princess Place are:
What are the best private schools in Princess Place?
The best private schools that serve Princess Place are:
What are the most popular zip codes in Princess Place, Wilmington, NC?
What are the most popular neighborhoods near Princess Place, Wilmington, NC?
Home Trends in Princess Place, NC
On average, homes in Princess Place, Wilmington sell after 60 days on the market compared to the national average of 70 days. The median sale price for homes in Princess Place, Wilmington over the last 12 months is $412,715.
Median Sale Price
$412,715
Median Single Family Sale Price
$284,990
Median 2 Bedroom Sale Price
$247,000
Average Price Per Sq Ft
$216
Number of Homes for Sale
1
Last 12 months Home Sales
15
Median List Price
$284,990
Median Change From 1st List Price
0%