Rent to own Homes in Mooresville, NC
Welcome to Race City, USA! Home to more than 60 NASCAR teams and shops, Mooresville -- dubbed "Dirty Mo" by resident and NASCAR driver Dale Earnhardt, Jr. -- takes its racing heritage seriously. Many of the other 32,000 residents enjoy the fact that Mooresville is close to larger North Carolina towns like Charlotte, Statesville, and Winston-Salem. Residents can enjoy the fast pace of these bigger cities, then come home to the slow lane.
Mooresville, NC is a great place for affordable rent-to-own homes! With a median household income of over $70,625 and a median rent of $1,176, the Mooresville, NC rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Mooresville, NC. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Mooresville, NC Property Resources
Rent to own Homes in Cities Near Mooresville, NC
- Alexis
- Catawba
- Charlotte
- China Grove
- Claremont
- Cleveland
- Concord
- Cooleemee
- Cornelius
- Davidson
- Denver
- Enochville
- Faith
- Granite Quarry
- Harrisburg
- Huntersville
- Iron Station
- Kannapolis
- Lake Norman of Catawba
- Lake Norman Of Iredell
- Landis
- Lowesville
- Mooresville
- Mount Holly
- Mount Pleasant
- Mount Ulla
- Olin
- Salisbury
- Sherrills Ford
- Stanley
- Statesville
- Stony Point
- Terrell
- Troutman
- Westport
- Woodleaf
Neighborhoods in Mooresville, NC
Ketchie Acres rent to own homes Cherry Grove rent to own homes Oak Tree rent to own homes Abberly Green rent to own homes Downtown Mooresville rent to own homes Millswood rent to own homes Reed Creek rent to own homes White Oaks rent to own homes Morrison Cove rent to own homes Curtis Pond rent to own homesBuying a Home in Mooresville, NC
Mooresville, NC is seeing rapid growth and Mooresville, NC's' housing market remains not optimal with an average home price that is 13% above the 2024 national average. Mooresville, NC is part of Iredell county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Iredell is 0.59% which is below the national average, which is 0.99%.
Median Home Price in Mooresville, NC
Median Rent in Mooresville, NC
Top Reasons to Live in Mooresville, NC
Low property taxes! At just $6.75, the property tax rate in Mooresville is just a little over half the national rate of $12.07, so you'll save more of your money if you are in the market for rental homes. You can use that savings to spend time at the Mint Museum or at Earnhardt's Bar Whiskey River, both about 20 miles south in downtown Charlotte.
Convenient location! While many residents work locally at the headquarters of Lowe's Home Improvement, others commute for work every day. Because I-77 runs north and south through Mooresville while I-40 runs east and west, daily commutes are a breeze. When residents want to head out of town, the North Carolina mountains and coast are just a few hours away. And with I-85 only 15 miles away, the three interstates put more than half of the U.S. population within a day's drive.
Booming Population! Mooresville has seen a whopping 77 percent population increase in the last 10 years. Property values have increased as well. The current median home value is $208,500, which is an increase of 14.4 percent over the previous year. Nice areas with plenty of space include the neighborhoods on the outskirts of town like Mayhew to the southwest and Coddle Creek to the east.
Plenty of chances to play! With the large man-made Lake Norman on the western side of town, there's no end to the fun to be had. Launch a boat, fish off the shore, or walk the trails that wind along the lake's edge. You can even head to one of the beach areas. Not a fan of the outdoors? Mooresville's charming Main Street USA downtown area has boutiques selling everything from dog beds to antique rakes. Several prominent shopping centers are also within minutes of town. Birkdale Village is just south of town, while mammoth Concord Mills is a short drive to the east.