Mooresville, NC—28115
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Mooresville, NC
Home Price Trends — Mooresville, NC
As of Oct '25, the median home price in Mooresville, NC is $401,000, with a year-over-year change of 1.5%. This indicates that home prices in Mooresville, NC are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $401,000 | 1.5% |
| Single Family | $404,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $172,000 | -2.3% |
2 Bed | $231,000 | 1.3% |
3 Bed | $350,000 | 0.9% |
4 Bed | $466,000 | 1.3% |
| 5 Bed | $555,000 | 1.5% |
% of Housing Stock
Rental Trends — Mooresville, NC
As of July '25, Rentcast reports the average rent in Mooresville, NC is $2,020, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Mooresville, NC is 1-bedrooms: $1,150, 2-bedrooms: $1,500, 3-bedrooms: $1,950, 4-bedrooms: $2,260. The most common rental property sizes in Mooresville, NC are 3-bedroom and 2-bedroom, accounting for 39.6% and 37.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,120 | $1,150 |
| 2 Bed Rent | $1,450 | $1,500 |
| 3 Bed Rent | $1,900 | $1,950 |
| 4 Bed Rent | $2,260 | $2,260 |
% of Rental Stock
Property Listings — Mooresville, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Mooresville, NC is 64. This is a increase of 30.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $496,000 | 11.0% |
Listing Count | 302 | 25.0% |
| Listings as % of Homes | 0.9% | 25.0% |
Days on Market | 64 | 30.0% |
Demographics — Mooresville, NC
As of the latest ACS Survey released in 2023, Mooresville, NC has a population of 42,900, which has increased by 15.8% over the past 5 years. Mooresville, NC is a moderately popular place for families, as children make up 24.5% of the population. The area has a moderately educated workforce, with 36.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,900 | 15.8% |
% Under 18 | 24.5% | -5.8% |
% Seniors | 14.0% | 3.7% |
% WFH | 17.3% | 220.4% |
% w/ College Degree | 36.6% | 28.4% |
As of the latest ACS Survey released in 2023, Mooresville, NC is a predominantly white area, with 76.9% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Mooresville, NC is black, making up 9.7% of the population. Foreign-born residents account for 5.8% of the population in Mooresville, NC, and this percentage has increased by 7.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.9% | -3.6% |
% Black | 9.7% | 10.2% |
% Hispanic | 6.4% | -9.9% |
% Asian | 2.5% | 13.6% |
% Foreign Born | 5.8% | 7.4% |
Mortgage and Risk — Mooresville, NC
According to HUD data as of 2023, there were 1120 mortgage originations in Mooresville, NC, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Mooresville, NC. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,120 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Mooresville, NC
As of 2024, the percent of homes in Mooresville, NC under the Section 8 program is 5.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Mooresville, NC, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 387 |
Total Units Section 8 | 237 |
% Rentals under Section 8 | 5.7% |
% Occupied Section 8 | 98.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $1,120 | $1,280 |
| 2 Bedroom | -$20 | $1,450 | $1,430 |
| 3 Bedroom | $60 | $1,900 | $1,960 |
| 4 Bedroom | $140 | $2,260 | $2,400 |
Affordability — Mooresville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $401,000 |
| Median Household Income | $86,700 |