Mooresville appreciation rates and housing market information

Mooresville housing market information

With 19,106 people, 7,841 houses or apartments, and a median cost of homes of $244,822, Mooresville real estate is some of the most expensive in North Carolina, although Mooresville home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Mooresville, accounting for 72.85% of the town's housing units. Other types of housing that are prevalent in Mooresville include large apartment complexes or high rise apartments (15.15%), duplexes, homes converted to apartments, or other small apartment buildings (5.27%), mobile homes or trailers (5.11%), and a few row houses and other attached homes (1.62%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Mooresville. Owner-occupied housing accounts for 60.39% of Mooresville's homes, and 59.21% have either three or four bedrooms, which is average sized relative to America.

Mooresville homes and real estate are some of the newest in America. 37.01% of Mooresville's housing was built since 1995, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Mooresville real estate market has to offer. Quit a bit of the housing here was also built between 1970-1994 (27.01%), and 1940-1969 (25.80%).

Mooresville home appreciation rates

In the last 10 years, Mooresville has experienced some of the highest home appreciation rates of any community in the nation. Mooresville real estate appreciated 153.74% over the last ten years, which is an average annual home appreciation rate of 15.37%, putting Mooresville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mooresville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Mooresville that despite a nationwide downturn in the housing market, Mooresville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mooresville appreciation rates continue to be some of the highest in America, at 9.66%, which is higher than appreciation rates in 99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mooresville. Mooresville appreciation rates in the latest quarter were at 2.28%, which equates to an annual appreciation rate of 9.12%.

Importantly, this makes Mooresville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to North Carolina, our data show that Mooresville's latest annual appreciation rate is higher than 98% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Mooresville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mooresville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Mooresville real estate investment or home purchase decisions.