Mooresville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Mooresville Neighborhoods Since 2000




Mooresville, 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

Mooresville Housing Market Information

With a population of 36,009, 12,193 total housing units (homes and apartments), and a median house value of $220,570, 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 68.08% of the town's housing units. Other types of housing that are prevalent in Mooresville include large apartment complexes or high rise apartments ( 17.17%), row houses and other attached homes ( 7.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.66%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mooresville. Owner-occupied housing accounts for 65.80% of Mooresville's homes, and 62.41% 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. 44.15% 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 ( 36.98%), and between 1940-1969 ( 13.18%). There's also some housing in Mooresville built before 1939 ( 5.69%).

Vacant housing appears to be an issue in Mooresville. Fully 11.46% of the housing stock is classified as vacant. Left unchecked, vacant Mooresville homes and apartments can be a drag on the real estate market, holding Mooresville 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.

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 2.07%, which ranks in the top 50% nationwide. This equates to an annual average Mooresville house appreciation rate of 0.21%.

NeighborhoodScout's data show that during the latest twelve months, Mooresville's appreciation rate, at 4.82%, has been at or slightly above the national average. In the latest quarter, Mooresville's appreciation rate has been 1.88%, which annualizes to a rate of 7.72%.

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 70% 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:
$220,570

Mooresville, NC HOME PRICES

Value Range
> $1,170,000 0.7
$878,001 - $1,170,000 1.0
$585,001 - $878,000 2.3
$468,001 - $585,000 2.5
$351,001 - $468,000 7.6
$234,001 - $351,000 26.7
$117,001 - $234,000 44.7
$58,001 - $117,000 9.2
$0 - $58,000 5.3

Very High for NC
High for Nation

Value Relative to Nation Value Relative to State
27.6163131372319 19.7822141560799

Number Of Homes And Apartments:
12,193

Mooresville 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
30.04% 1.53% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,205 / per month

Homeownership Rate

Homeownership
Owners 65.80
Renters 34.20
Vacant 11.46

Housing Market Details

 

Age of Homes

AGE OF Mooresville HOMES
2000 or Newer 44.2
1970 - 1999 37.0
1940 - 1969 13.2
1939 or Older 5.7

Types of Homes

TYPE OF Mooresville HOMES
Single-Family 68.1
Townhomes 7.9
Small Apt. Buildings 3.7
Apt. Complexes 17.2
Mobile Homes 3.1
Other 0.1

Home Size

SIZE OF Mooresville HOMES
No Bedroom 2.92
1 Bedroom 5.99
2 Bedrooms 22.43
3 Bedrooms 40.96
4 Bedrooms 21.45
5 or more bedrooms 6.25