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Mooresville, NC—28117

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$627,000
0.6% YoY Growth
Household Income
$109,000
27.7% YoY Growth
Days on Market
83
16.0% Longer YoY
Home Price Forecast
1.8%
Median Rent
$2,150
1.8% YoY Growth
1-Bed Rent
$1,350
0.0% YoY Growth
2-Bed Rent
$1,710
3.4% YoY Growth
3-Bed Rent
$2,150
8.0% YoY Growth

Other Zip Codes in Mooresville, NC

28115
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Mooresville, NC

As of Dec '25, the median home price in Mooresville, NC is $627,000, with a year-over-year change of 0.6%. This indicates that home prices in Mooresville, NC are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$627,0000.6%
Single Family $636,0000.5%
Condos $370,0000.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$321,000-1.5%
    3 Bed
    		$472,0000.0%
    4 Bed
    		$814,0001.1%
    5 Bed $850,4540.8%
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    % of Housing Stock

    Studio
    0.5%
    1 Bedroom
    9.2%
    2 Bedrooms
    18.8%
    3 Bedrooms
    30.1%
    4 Bedrooms
    28.4%
    5+ Bedrooms
    12.9%

    Rental Trends — Mooresville, NC

    As of July '25, Rentcast reports the average rent in Mooresville, NC is $2,240, with a year-over-year rent change of 1.8%. Per bedroom, the median rent as of July '25 in Mooresville, NC is 1-bedrooms: $1,350, 2-bedrooms: $1,800, 3-bedrooms: $2,290, 4-bedrooms: $2,700. The most common rental property sizes in Mooresville, NC are 2-bedroom and 1-bedroom, accounting for 41.0% and 26.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,150$2,240
    Studio Rent N/AN/A
    1 Bed Rent $1,350$1,350
    2 Bed Rent $1,710$1,800
    3 Bed Rent $2,150$2,290
    4 Bed Rent $2,520$2,700
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    % of Rental Stock

    Studio
    1.8%
    1 Bedroom
    26.8%
    2 Bedrooms
    41.0%
    3 Bedrooms
    20.9%
    4 Bedrooms
    6.5%
    5+ Bedrooms
    3.0%

    Property Listings — Mooresville, NC

    As of Dec '25, Realtor.com reports that the median days on market for a home in Mooresville, NC is 64. This is a increase of 17.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$660,000-8.0%
    Listing Count
    		30919.0%
    Listings as % of Homes0.9%19.0%
    Days on Market
    		8316.0%
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    Demographics — Mooresville, NC

    As of the latest ACS Survey released in 2023, Mooresville, NC has a population of 48,200, which has increased by 22.6% over the past 5 years. Mooresville, NC is a moderately popular place for families, as children make up 21.2% of the population. The area has a highly educated workforce, with 55.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		48,20022.6%
    % Under 18
    		21.2%-10.5%
    % Seniors
    		16.9%21.6%
    % WFH
    		19.9%95.1%
    % w/ College Degree
    		55.2%12.4%
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    As of the latest ACS Survey released in 2023, Mooresville, NC is a predominantly white area, with 78.9% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Mooresville, NC is hispanic, making up 6.7% of the population. Foreign-born residents account for 9.1% of the population in Mooresville, NC, and this percentage has increased by 8.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		78.9%-6.7%
    % Black
    		5.1%8.5%
    % Hispanic
    		6.7%63.4%
    % Asian
    		4.8%-2.0%
    % Foreign Born
    		9.1%8.3%
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    Mortgage and Risk — Mooresville, NC

    According to HUD data as of 2023, there were 1342 mortgage originations in Mooresville, NC, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Mooresville, NC. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		1,342
    % Conventional Loans
    		90.0%
    % Government Loans
    		10.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		4.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — Mooresville, NC

    As of 2024, the percent of homes in Mooresville, NC under the Section 8 program is 0.3%. 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. In Mooresville, NC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		15
    Total Units Section 8
    		15
    % Rentals under Section 8
    		0.3%
    % Occupied Section 8
    		99.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$500$1,350$1,850
    2 Bedroom$340$1,710$2,050
    3 Bedroom$670$2,150$2,820
    4 Bedroom$920$2,520$3,440

    Affordability — Mooresville, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.4
    Median Home Price$627,000
    Median Household Income$109,000

    Mooresville, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Terrell, NC

    28682

    Cornelius, NC

    28031

    Sherrills Ford, NC

    28673

    Troutman, NC

    28166

    Mooresville, NC

    28115

    Frequently Asked Questions