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City · 12,637 residents · New Hanover County, North Carolina

Myrtle Grove , North Carolina

In Myrtle Grove, a typical home is worth $439,100 and typical rent is $1,463 a month. Compared with all of New Hanover County, typical household income is 51% higher, the typical home value is 13% higher, and the share of households that own their home is 22 points higher.

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  • Typical home value

    $439,100

    13% above the county

    52% above North Carolina

    • Myrtle Grove
    • New Hanover
    • North Carolina

  • Typical rent

    $1,463a month

    3% above the county

    19% above North Carolina

    • Myrtle Grove
    • New Hanover
    • North Carolina

  • Typical household income

    $113,463a year

    51% above the county

    57% above North Carolina

    • Myrtle Grove
    • New Hanover
    • North Carolina

  • Households that own their home

    84%

    22 points above the county

    17 points above North Carolina

    • Myrtle Grove
    • New Hanover
    • North Carolina

Source: U.S. Census Bureau, Average 2020–2024

Myrtle Grove is in New Hanover County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of New Hanover County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Myrtle Grove apart

What this place has that others do not, from public data, most unusual first.

  1. 84% of households in Myrtle Grove own their home, against 61% in New Hanover County.

  2. The typical household income in Myrtle Grove is $113,463, 51% more than in New Hanover County as a whole ($75,166).

  3. Nearby, in Kings Grant, the typical home value is $300,700: 32% less than in Myrtle Grove ($439,100).

  4. Myrtle Grove has the 8th smallest share of rent-burdened renters of the 136 cities in North Carolina with more than 5,000 people (38%).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Myrtle Grove

What homes there are in Myrtle Grove, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 89% of homes here, against 61% in New Hanover County.

Year built

The typical home in Myrtle Grove was built in 1997, 4 years after the typical one in New Hanover County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,122 a month

New Hanover County: $1,888 a month

Without a mortgage

$623 a month

New Hanover County: $658 a month

Owners with a mortgage

70%

New Hanover County: 67%

Owning costs more in Myrtle Grove: with a mortgage, the typical cost is $2,122 a month; in New Hanover County, $1,888. Without one, $623.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Myrtle Grove rose 57% since 2015–2019, about the same as in New Hanover County (59%).

The typical rent in Myrtle Grove stayed about the same over that time: the difference is within the Census margin of error.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMyrtle GroveNew Hanover CountyNorth CarolinaUnited States
Rental vacancy Unreliable estimate7.4%7.1%5.5%
Homeowner vacancy Unreliable estimate1.1%1.3%0.9%
More than one person per room Unreliable estimate1.3%2.2%3.4%
People per household 2.572.192.442.53
Drive alone 72%71%72%69%
Carpool 5%6%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 22%19%16%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 2.57 on average, against 2.19 in New Hanover County.

In Myrtle Grove, 72% of workers drive alone to work; in New Hanover County, 71%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Myrtle Grove?

A typical home costs more than the typical income allows

We start with a typical home in Myrtle Grove, worth $439,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Myrtle Grove, which is $113,463 a year. For that payment to be 28% of income, a household would need to earn about $148,553 a year.

The calculator's FHA and conventional loan limits are those of all of New Hanover County.

Your numbers

Local data
$

Starts at the typical home value in Myrtle Grove. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $15,369 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,466

at 7.18% · 30 years

Loan amount
$431,146
Total interest
$620,318
Paid off in
November 2056

Includes $7,415 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,647 a month

  • Tight

    $2,647 to $3,404 a month

  • Hard

    more than $3,404 a month

    Your payment · 37%

Compared with the typical household income in Myrtle Grove ($113,463 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,466
Principal & interest$2,921
Property tax$168
Home insurance$183
FHA mortgage insurance (MIP)$194

You need at least $15,369 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Myrtle Grove and New Hanover County

Myrtle Grove is in New Hanover County, North Carolina. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Myrtle Grove's own numbers

Typical home value
$439,100
Typical monthly rent
$1,463
Typical yearly household income
$113,463
Households that own their home
84%
Effective property tax rate
0.46%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of New Hanover County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,705
Price change over 5 years (FHFA)
+69%
Homes in a high flood-risk zone
11%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of New Hanover County.

Everything about New Hanover County

Buying

Buying a home in Myrtle Grove

A typical home in Myrtle Grove is worth $439,100: 13% above the county and 52% above North Carolina. With the typical household income in Myrtle Grove ($113,463 a year), a typical home costs 3.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Myrtle Grove 3.9 years
  • New Hanover 5.2 years
  • North Carolina 4.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in New Hanover County

According to FHFA’s house price index, home prices in New Hanover County rose 127% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of New Hanover County.

Period County North Carolina U.S.
Last year (2025) +4.7% +2.5% +2.9%
5 years (2020–2025) +69% +60% +47%
10 years (2015–2025) +127% +107% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Myrtle Grove next to New Hanover County, North Carolina and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Myrtle Grove $439,100
  • New Hanover $387,800
  • North Carolina $288,900
  • United States $332,700
Typical monthly rent
  • Myrtle Grove $1,463
  • New Hanover $1,417
  • North Carolina $1,228
  • United States $1,413
Typical yearly household income
  • Myrtle Grove $113,463
  • New Hanover $75,166
  • North Carolina $72,388
  • United States $80,734
See the full table
Myrtle Grove next to New Hanover County and North Carolina
Measure Myrtle Grove New Hanover County North Carolina U.S.
Typical home value $439,100 $387,800 $288,900 $332,700
Typical monthly rent $1,463 $1,417 $1,228 $1,413
Typical yearly household income $113,463 $75,166 $72,388 $80,734
Households that own their home 84% 61% 67% 65%
Typical yearly property tax $2,012 $2,105 $1,896 $3,119
Effective property tax rate 0.46% 0.54% 0.66% 0.94%
Renters with high rent for their income 38% 55% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below New Hanover County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Myrtle Grove

For a typical $439,100 home in Myrtle Grove, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Myrtle Grove's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,466a month

    Least cash to close
    Down payment
    $15,369
    Cash to close
    $28,542
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $194

  • Conventional, 5% down $3,386a month

    Down payment
    $21,955
    Cash to close
    $35,128
    Rate
    7.18%
    Mortgage insurance
    PMI · $209

  • Conventional, 20% down, no PMI $2,731a month

    Down payment
    $87,820
    Cash to close
    $100,993
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,137a month

    Down payment
    $65,865
    Cash to close
    $79,038
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Myrtle Grove and for New Hanover County.

Property tax

Effective rate in Myrtle Grove

0.46%of the home’s value each year

$2,012 a year for the typical owner in Myrtle Grove.

  • Myrtle Grove 0.46%
  • New Hanover 0.54%
  • North Carolina 0.66%

What North Carolina publishes Elderly or Disabled Homestead Exclusion (North Carolina General Assembly (statute))

Exemptions and deadlines in North Carolina

Flood risk in New Hanover County

FEMA does not publish these numbers by city: they are for all of New Hanover County.

Homes in the high-risk zone
11%
9,484
Of those, with NFIP insurance
75%
County North Carolina U.S.
Homes in the high-risk zone 11% 2.8% 3.5%
Of those, with NFIP insurance 75% 53% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Myrtle Grove

Typical rent in Myrtle Grove is $1,463 a month: 3% above the county. In Myrtle Grove, 38% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of New Hanover County, by unit size. To pay the 2-bedroom one ($1,705 a month) without spending more than 30% of your income, you would need to earn $32.79 an hour working full time.

HUD fair market rent for all of New Hanover County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,187 $22.83 $47,480
1 bedroom $1,566 $30.12 $62,640
2 bedrooms $1,705 $32.79 $68,200
3 bedrooms $2,238 $43.04 $89,520
4 bedrooms $2,241 $43.10 $89,640

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Myrtle Grove

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Myrtle Grove is in ZIP code 28409.

For 2 bedrooms it is $1,940: $235 more than the fair market rent for New Hanover County ($1,705).

  • 28409 $1,940$2,550

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Myrtle Grove when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Myrtle Grove

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in New Hanover County; 2 say they serve in Spanish.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in Myrtle Grove

No down payment, repair or rent-help program on our list is for Myrtle Grove or New Hanover County. The ones below are statewide in North Carolina: they work in Myrtle Grove the same as in the rest of the state.

Which programs do I qualify for? All programs in North Carolina

  • NC Home Advantage Mortgage

    Statewide in North Carolina

    NCHFA fixed-rate mortgage with down payment assistance, for first-time buyers and for people who have owned a home before, in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Forgivable

    See the program Official page

  • NC 1st Home Advantage Down Payment

    Statewide in North Carolina

    A fixed amount of NCHFA down payment assistance for first-time buyers and veterans in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Type not stated

    See the program Official page

  • Community Partners Loan Pool (CPLP)

    Statewide in North Carolina

    NCHFA interest-free loan with deferred payments of up to 25% of the price (maximum $50,000) for the down payment of low- and moderate-income buyers in North Carolina; you apply through a member organization. Offered by North Carolina Housing Finance Agency (NCHFA).

    Deferred

    See the program Official page

Housing counselors near Myrtle Grove

The HUD-approved agencies closest to the center of Myrtle Grove, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • City of Wilmington

    929 N Front St, Wilmington · 9 miles away · Spanish

    • Mortgage delinquency and default
    • Fair housing pre-purchase workshops
    • and 5 more
    (910) 341-7836

  • Cape Fear Regional CDC

    500 Compton St, Wilmington · 9 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 4 more
    (910) 762-7555

  • City of Jacksonville

    815 New Bridge St, Jacksonville · 51 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 3 more
    (910) 938-6551

Every agency in New Hanover County All counseling agencies in North Carolina

Help in Spanish near Myrtle Grove

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Myrtle Grove

In HUD’s record, no housing authority with an office in New Hanover County is named for Myrtle Grove or New Hanover County.

One other authority has an office in New Hanover County: see the list Source: HUD

Cities

Other cities in New Hanover County

These cities are also in New Hanover County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about New Hanover County Housing in North Carolina

Nearby cities

The cities closest to Myrtle Grove, with the typical home value.

Neighboring counties

If New Hanover County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Myrtle Grove.

All guides
A family walks a boardwalk trail in the forest; one of them uses a wheelchair.

Questions

Housing questions about Myrtle Grove

Short answers with the numbers for Myrtle Grove and all of New Hanover County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Myrtle Grove?

The typical home value in Myrtle Grove is $439,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in New Hanover County it is $387,800.

How much does it cost to rent in Myrtle Grove?

Typical rent in Myrtle Grove is $1,463 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in New Hanover County is $1,705.

What is the FHA loan limit in Myrtle Grove?

Myrtle Grove uses the FHA limit for all of New Hanover County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Myrtle Grove?

The typical homeowner in Myrtle Grove pays $2,012 a year, according to the U.S. Census Bureau. That is 0.46% of the home’s value; in New Hanover County, the rate is 0.54%.

Where can I find free help to buy or rent in Myrtle Grove?

There are 2 HUD-approved counseling agencies with an office in New Hanover County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).