Mooresville, NC—28117
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 $632,000, with a year-over-year change of 0.5%. This indicates that home prices in Mooresville, NC are flat. 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 | $632,000 | 0.5% |
| Single Family | $640,000 | 0.5% |
| Condos | $374,000 | 1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $322,000 | -1.5% |
3 Bed | $475,000 | 0.0% |
4 Bed | $824,000 | 1.1% |
| 5 Bed | $861,000 | 0.7% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,240 |
| Studio Rent | N/A | N/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 |
% 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 61. This is a increase of 24.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $710,000 | -19.0% |
Listing Count | 369 | 20.0% |
| Listings as % of Homes | 0.9% | 20.0% |
Days on Market | 61 | 24.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,200 | 22.6% |
% Under 18 | 21.2% | -10.5% |
% Seniors | 16.9% | 21.6% |
% WFH | 19.9% | 95.1% |
% w/ College Degree | 55.2% | 12.4% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $632,000 |
| Median Household Income | $109,000 |