Statesville, North Carolina Housing Market Prices
Statesville 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 48% below the North Carolina median$145,916
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Median rent 21% below the North Carolina median$973
Housing Market Overview
| Metric | Statesville | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $145,916 | $278,288 | $248,835 |
| Price Trend (Annual %) | 10.6% | 9.3% | 7.5% |
| Median Gross Rent | $973 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Statesville is about 48% lower than in North Carolina. Rent is about 21% lower 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 Statesville, up about 10.6% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Statesville rose about 37.3% between 2015 and 2024, from $709 to $973. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Statesville.
Buying the median-priced home in Statesville 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 Statesville. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Statesville | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $145,916 | $278,288 | $248,835 |
| Median Household Income | $55,968 | $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 Statesville rose about 61.5%, while median household income rose about 37.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Statesville | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.5% | 58.3% | 58.5% |
| Rental Rate | 40.6% | 29.2% | 31.2% |
| Vacancy Rate | 8.9% | 12.5% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Statesville has a homeownership rate of 50.5%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 8.9%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Statesville | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1979 | 1989 | 1978 |
| Median Number of Rooms | 5.3 | 5.6 | 5.5 |
The typical housing unit in Statesville was built around 1979. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 12.0 years on average.
Statesville, NC Housing Compared With Nearby Cities
How Statesville, NC compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Statesville, NC | 25,834 | $145,916 #2/2 | $973 #2/2 | 55.5% #2/2 |
| Mooresville, NC | 32,577 | $227,062 | $1,515 | 63.5% |
Frequently Asked Questions
Common questions about the housing market in Statesville, North Carolina.
What is the median home price in Statesville, North Carolina?
The median home price in Statesville, North Carolina is $145,916, lower than the North Carolina average of $278,288.
What is the average home price in Statesville, North Carolina?
The typical home price in Statesville, North Carolina, reported as the median sale price, is $145,916. 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 Statesville, North Carolina?
The median gross rent in Statesville, North Carolina is $973 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Statesville in 2020?
In 2020, the median gross rent in Statesville, North Carolina was $747 per month.
What is the price-to-rent ratio in Statesville, North Carolina?
The price-to-rent ratio in Statesville, 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 Statesville.
Are home prices or rent rising faster in Statesville, North Carolina?
Both home prices and rent are rising in Statesville, up about 10.6% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Statesville, North Carolina?
50.5% of households in Statesville, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Statesville, North Carolina?
The housing vacancy rate in Statesville, North Carolina is 8.9%, lower than the North Carolina average of 12.5%.
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