ROI Realty Partners- Market Watch: Iredell County

[Kasey Hardt]

Please see below for a market update on Iredell County! 

All data was pulled via MLS sources

Sales Market Overview

• Median Sales Price in April 2025 reached $380,690, up 4.7% year-over-year.
• This follows a modest increase of 1.0% from 2023 to 2024, reflecting a positive upward trend in home values over the past two years.

Rental Market Trends

• Active Rentals rose from 111 to 127, marking a +14.4% increase, suggesting growing inventory and investor interest.
• Leased Properties declined 15.6% (from 956 to 807), indicating potential softening in immediate rental demand or longer leasing times.
• Average Monthly Lease Price increased 3%, from $1,896 to $1,953, showing continued upward pressure on rental rates.

Cities to Watch: Investor Highlights

Mooresville

• Growth Hub: Anchored by the corporate headquarters of Lowe’s and a strong motorsports industry presence.
• Development: Ongoing expansion of the LangTree Lake Norman mixed-use development.
• Rental Potential: High due to proximity to Lake Norman and new construction activity.​
• Voted Fastest growing suburb in America

Statesville

• Appreciation Potential: Undervalued market with major I-77/I-40 corridor connectivity.
• Employment Drivers: Manufacturing and logistics growth from companies like Doosan Bobcat and Cheney Brothers.
• Investor Angle: Higher cash flow potential compared to Mooresville due to lower entry price points.

Troutman

• Development Boom: Growth fueled by the LKN State Park expansion and influx of new residential developments.
• Population Growth: Seeing strong in-migration from Charlotte metro.
• Investment Watch: Ideal for early appreciation plays as infrastructure builds out.

Investor Takeaway

Iredell County continues to be a strong performer in the Charlotte MSA, with a healthy balance of appreciation and rental income potential. Key cities like Mooresville offer strong employment anchors, while Statesville and Troutman present prime opportunities for value-add investors and long-term growth plays.