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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Mooresville HOMES|
|2000 or Newer||44.2|
|1970 - 1999||37.0|
|1940 - 1969||13.2|
|1939 or Older||5.7|
|TYPE OF Mooresville HOMES|
|Small Apt. Buildings||3.7|
|SIZE OF Mooresville HOMES|
|5 or more bedrooms||6.25|