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 about Scout's Real Estate Data
With a population of 52,656, 19,365 total housing units (homes and apartments), and a median house value of $473,400, Mooresville real estate is some of the most expensive in North Carolina, although Mooresville home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Mooresville, accounting for 62.05% of the town's housing units. Other types of housing that are prevalent in Mooresville include large apartment complexes or high rise apartments ( 22.65%), row houses and other attached homes ( 8.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.20%).
The most prevalent building size and type in Mooresville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.01% owning and 40.99% renting.
Mooresville homes and real estate are some of the newest in America. 60.65% 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 ( 28.12%), and between 1940-1969 ( 8.13%). There's also some housing in Mooresville built before 1939 ( 3.10%).
In the last 10 years, Mooresville has experienced some of the highest home appreciation rates of any community in the nation. Mooresville real estate appreciated 116.59% over the last ten years, which is an average annual home appreciation rate of 8.03%, putting Mooresville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mooresville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Mooresville's appreciation rate, at 7.44%, has been at or slightly above the national average. In the latest quarter, Mooresville's appreciation rate has been 1.72%, which annualizes to a rate of 7.07%.
Relative to North Carolina, our data show that Mooresville's latest annual appreciation rate is higher than 50% 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.
$473,400
for North carolina
for nation
19,365
$2,451 / per month