Mooresboro, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mooresboro Neighborhoods Since 2000




Mooresboro, NC Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Mooresboro Housing Market Information

With a population of 308, 197 total housing units (homes and apartments), and a median house value of $114,512, house prices in Mooresboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Mooresboro, accounting for 55.41% of the town's housing units. Other types of housing that are prevalent in Mooresboro include mobile homes or trailers ( 30.63%), large apartment complexes or high rise apartments ( 6.76%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.76%).

Dwellings in Mooresboro tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 48.65% of the homes in Mooresboro have two or fewer bedrooms.

There is a lot of housing in Mooresboro built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mooresboro built between 1940-1969 ( 26.58%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.37%). There's also some housing in Mooresboro built before 1939 ( 12.16%).

Vacant housing appears to be an issue in Mooresboro. Fully 11.26% of the housing stock is classified as vacant. Left unchecked, vacant Mooresboro homes and apartments can be a drag on the real estate market, holding Mooresboro real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Mooresboro Home Appreciation Rates

Real estate appreciation rates in Mooresboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.61% during the period.

Over the last year, Mooresboro appreciation rates have trailed the rest of the nation. In the last twelve months, Mooresboro's appreciation rate has been 0.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mooresboro were at -0.54%, which equates to an annual appreciation rate of -2.13%.

Notably, Mooresboro's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Carolina, our data show that Mooresboro's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$114,512

Mooresboro, NC HOME PRICES

Value Range
> $1,026,000 0.0
$770,001 - $1,026,000 0.0
$513,001 - $770,000 0.0
$411,001 - $513,000 1.8
$308,001 - $411,000 5.1
$205,001 - $308,000 12.8
$103,001 - $205,000 32.1
$51,001 - $103,000 40.0
$0 - $51,000 8.3

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
68.5983827493261 66.4246823956443

Number Of Homes And Apartments:
197

Mooresboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
12.75% 0.70% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$973 / per month

Homeownership Rate

Homeownership
Owners 71.57
Renters 28.43
Vacant 11.26

Housing Market Details

 

Age of Homes

AGE OF Mooresboro HOMES
2000 or Newer 19.4
1970 - 1999 41.9
1940 - 1969 26.6
1939 or Older 12.2

Types of Homes

TYPE OF Mooresboro HOMES
Single-Family 55.4
Townhomes 0.5
Small Apt. Buildings 6.8
Apt. Complexes 6.8
Mobile Homes 30.6
Other 0.0

Home Size

SIZE OF Mooresboro HOMES
No Bedroom 0.00
1 Bedroom 0.90
2 Bedrooms 47.75
3 Bedrooms 35.14
4 Bedrooms 10.36
5 or more bedrooms 5.86