Mooresville, North Carolina Housing Market Prices
Mooresville 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 18% below the North Carolina median$227,062
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Median rent 23% above the North Carolina median$1,515
Housing Market Overview
| Metric | Mooresville | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $227,062 | $278,288 | $248,835 |
| Price Trend (Annual %) | 13.3% | 9.3% | 7.5% |
| Median Gross Rent | $1,515 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 6.3% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mooresville is about 18% lower than in North Carolina. Rent is about 23% 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 Mooresville, up about 13.3% and 6.3% a year respectively. Home prices are changing faster.
Median rent in Mooresville rose about 65.3% between 2015 and 2024, from $916 to $1,515. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Mooresville.
Buying the median-priced home in Mooresville costs roughly 12.5 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 Mooresville. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Mooresville | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $227,062 | $278,288 | $248,835 |
| Median Household Income | $86,989 | $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 Mooresville rose about 23.9%, while median household income rose about 58.3% 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 | Mooresville | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.1% | 58.3% | 58.5% |
| Rental Rate | 33.4% | 29.2% | 31.2% |
| Vacancy Rate | 8.5% | 12.5% | 10.2% |
| Median Tenure (years) | 10.0 | 15.0 | 15.0 |
| Median Year Moved In | 2016 | 2011 | 2011 |
Mooresville has a homeownership rate of 58.1%, about the same as the North Carolina average of 58.3%. Its housing vacancy rate is 8.5%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Mooresville | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1999 | 1989 | 1978 |
| Median Number of Rooms | 5.7 | 5.6 | 5.5 |
The typical housing unit in Mooresville was built around 1999. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 10.0 years on average.
Mooresville, NC Housing Compared With Nearby Cities
How Mooresville, NC compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mooresville, NC | 32,577 | $227,062 #2/2 | $1,515 #2/2 | 63.5% #1/2 |
| Cornelius, NC | 23,004 | $369,605 | $1,693 | 61.1% |
Frequently Asked Questions
Common questions about the housing market in Mooresville, North Carolina.
What is the median home price in Mooresville, North Carolina?
The median home price in Mooresville, North Carolina is $227,062, lower than the North Carolina average of $278,288.
What is the average home price in Mooresville, North Carolina?
The typical home price in Mooresville, North Carolina, reported as the median sale price, is $227,062. 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 Mooresville, North Carolina?
The median gross rent in Mooresville, North Carolina is $1,515 per month, higher than the North Carolina average of $1,227.
What was the median gross rent in Mooresville in 2020?
In 2020, the median gross rent in Mooresville, North Carolina was $1,099 per month.
What is the price-to-rent ratio in Mooresville, North Carolina?
The price-to-rent ratio in Mooresville, North Carolina is about 12.5, meaning it would take roughly 12.5 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 Mooresville.
Are home prices or rent rising faster in Mooresville, North Carolina?
Both home prices and rent are rising in Mooresville, up about 13.3% and 6.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mooresville, North Carolina?
58.1% of households in Mooresville, North Carolina own their home, about the same as the North Carolina average.
What is the vacancy rate in Mooresville, North Carolina?
The housing vacancy rate in Mooresville, North Carolina is 8.5%, lower than the North Carolina average of 12.5%.
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