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  4. /Mooresville, NC - 28115

Mooresville, NC—28115

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$409,000
0.5% YoY Growth
Household Income
$86,700
39.3% YoY Growth
Days on Market
50
21.0% Longer YoY
Home Price Forecast
0.6%
Median Rent
$2,000
0.0% YoY Growth
1-Bed Rent
$1,120
5.5% YoY Growth
2-Bed Rent
$1,450
2.7% YoY Growth
3-Bed Rent
$1,900
2.6% YoY Growth

Other Zip Codes in Mooresville, NC

28117
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Mooresville, NC

As of May '26, the median home price in Mooresville, NC is $409,000, 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 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$409,0000.5%
Single Family $412,0000.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $176,000
    -1.1%
    2 Bed
    		$240,0001.7%
    3 Bed
    		$356,0000.0%
    4 Bed
    		$474,000-0.4%
    5 Bed $562,6450.2%
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    % of Housing Stock

    Studio
    0.4%
    1 Bedroom
    3.8%
    2 Bedrooms
    18.8%
    3 Bedrooms
    44.4%
    4 Bedrooms
    24.2%
    5+ Bedrooms
    8.5%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,000$2,020
    Studio Rent N/AN/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
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    % of Rental Stock

    Studio
    1.3%
    1 Bedroom
    11.1%
    2 Bedrooms
    37.5%
    3 Bedrooms
    39.6%
    4 Bedrooms
    8.8%
    5+ Bedrooms
    1.7%

    Property Listings — Mooresville, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Mooresville, NC is 50. This is a increase of 21.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$449,000-7.0%
    Listing Count
    		33611.0%
    Listings as % of Homes0.9%11.0%
    Days on Market
    		5021.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		42,90015.8%
    % Under 18
    		24.5%-5.8%
    % Seniors
    		14.0%3.7%
    % WFH
    		17.3%220.4%
    % w/ College Degree
    		36.6%28.4%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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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 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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.5
    Median Home Price$409,000
    Median Household Income$86,700

    Mooresville, NC — ZIP Code Boundary Map

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    Frequently Asked Questions