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Mooresville, NC Real Estate Market

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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Mooresville, NC Housing Market Trends

With 50,193 people, 14,729 houses or apartments, and a median cost of homes of $369,424, Mooresville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mooresville, accounting for 62.36% of the town's housing units. Other types of housing that are prevalent in Mooresville include large apartment complexes or high rise apartments ( 23.26%), row houses and other attached homes ( 6.88%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.17%).

The most prevalent building size and type in Mooresville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.83% owning and 43.17% renting.

Mooresville homes and real estate are some of the newest in America. 56.55% of Mooresville's housing was built since 2000, 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. Quite a bit of the housing here was also built between 1970-1999 ( 30.04%), and between 1940-1969 ( 9.22%). There's also some housing in Mooresville built before 1939 ( 4.19%).

Mooresville Home Appreciation Rates

Appreciation rates for homes in Mooresville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.72%, which ranks in the top 30% nationwide. This equates to an annual average Mooresville house appreciation rate of 6.78%.

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 22.20%, which is higher than appreciation rates in 89.95% 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 5.07%, which equates to an annual appreciation rate of 21.88%.

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 60% 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 2000, to assist you in making the best Mooresville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$369,424

Mooresville, NC HOME PRICES

> $1,487,000
$1,115,001 - $1,487,000
$744,001 - $1,115,000
$595,001 - $744,000
$446,001 - $595,000
$297,001 - $446,000
$149,001 - $297,000
$74,001 - $149,000
$0 - $74,000
1.0%
1.0%
1.7%
1.7%
5.7%
5.7%
8.3%
8.3%
15.5%
15.5%
32.4%
32.4%
27.5%
27.5%
4.9%
4.9%
3.1%
3.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for NC

Value Relative To Nation

Number Of Homes And Apartments:
14,729

Mooresville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
113.85% 3.44%
7
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,050 / per month

Homeownership Rate

Owners
Renters
Vacant
56.8%
56.8%
43.2%
43.2%
4.5%
4.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
56.6%
56.6%
30.0%
30.0%
9.2%
9.2%
4.2%
4.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.4%
62.4%
6.9%
6.9%
5.2%
5.2%
23.3%
23.3%
2.3%
2.3%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
9.8%
9.8%
23.0%
23.0%
33.4%
33.4%
24.0%
24.0%
8.5%
8.5%
0.0% 100.0%
% OF HOMES