Iredell County, North Carolina Housing Market Prices
Iredell County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 24% below the North Carolina median$210,260
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Median rent 2% above the North Carolina median More expensive than 87% of counties in North Carolina$1,252
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Iredell County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $210,260 | $278,288 | $248,835 |
| Price Trend (Annual %) | 4.2% | 9.3% | 7.5% |
| Median Gross Rent | $1,252 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 5.5% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Iredell County is about 24% lower than in North Carolina. Rent is about 2% higher than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Iredell County, up about 4.2% and 5.5% a year respectively. Rent is changing faster.
Median rent in Iredell County rose about 57.4% between 2015 and 2024, from $795 to $1,252. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Iredell County.
Buying the median-priced home in Iredell County costs roughly 14.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Iredell County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Iredell County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $210,260 | $278,288 | $248,835 |
| Median Household Income | $81,685 | $72,438 | $80,455 |
| Price-to-Income Ratio | 2.6 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Iredell County rose about 51.2%, while median household income rose about 60.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Iredell County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.2% | 58.3% | 58.5% |
| Rental Rate | 25.5% | 29.2% | 31.2% |
| Vacancy Rate | 9.3% | 12.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Iredell County has a homeownership rate of 65.2%, higher than the North Carolina average of 58.3%. Its housing vacancy rate is 9.3%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Iredell County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1993 | 1989 | 1978 |
| Median Number of Rooms | 6.0 | 5.6 | 5.5 |
The typical housing unit in Iredell County was built around 1993. On average, 2.6 people live in a home with about 6.0 rooms, staying for about 15.0 years on average.
Iredell County, NC Housing Compared With Nearby Counties
Iredell County, NC is the largest of the 5 counties compared here, 196,543 residents against a local median of 96,986. The measure that sets Iredell County, NC apart most is median rent: $1,252, 37% above the local median of $916.
Median home price tells the same story from another angle: $210,260 against a local median of $260,488, 19% below it. The counties themselves spread $249 on median rent, so Iredell County, NC sits at one end of an already wide local range rather than apart from it. Iredell County, NC has the highest median rent of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Iredell County, NC | 196,543 | $210,260 #5/5 | $1,252 #1/5 | 71.9% #5/5 |
| Alexander County, NC | 36,412 | $270,833 | $764 | 80.7% |
| Davie County, NC | 44,122 | $352,469 | $867 | 82.2% |
| Catawba County, NC | 163,556 | $224,804 | $965 | 72.2% |
| Rowan County, NC | 149,851 | $250,144 | $1,013 | 72.3% |
Frequently Asked Questions
Common questions about the housing market in Iredell County, North Carolina.
What is the median home price in Iredell County, North Carolina?
The median home price in Iredell County, North Carolina is $210,260, lower than the North Carolina average of $278,288.
What is the average home price in Iredell County, North Carolina?
The typical home price in Iredell County, North Carolina, reported as the median sale price, is $210,260. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Iredell County, North Carolina?
The median gross rent in Iredell County, North Carolina is $1,252 per month, higher than the North Carolina average of $1,227.
What was the median gross rent in Iredell County in 2020?
In 2020, the median gross rent in Iredell County, North Carolina was $913 per month.
What is the price-to-rent ratio in Iredell County, North Carolina?
The price-to-rent ratio in Iredell County, North Carolina is about 14.0, meaning it would take roughly 14.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Iredell County.
Are home prices or rent rising faster in Iredell County, North Carolina?
Both home prices and rent are rising in Iredell County, up about 4.2% and 5.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Iredell County, North Carolina?
65.2% of households in Iredell County, North Carolina own their home, higher than the North Carolina average of 58.3%.
What is the vacancy rate in Iredell County, North Carolina?
The housing vacancy rate in Iredell County, North Carolina is 9.3%, lower than the North Carolina average of 12.5%.
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