Real Estate Investing in Mooresville, North Carolina (28115)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28115 (Mooresville, NC)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Mooresville, NC (28115)?
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Market Analysis: 28115 Mooresville
Investors eyeing 28115 need to respect the fundamentals at play. Home values of $409K come alongside slower price movement and elevated management overhead.
Looking more closely, the numbers look inviting — $409K purchase price, 0.0% nominal cap — the work to hit that pro forma in 28115 is substantial and deserves full respect.
Statewide comparisons place 28115 among NC's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A notable renter share of 27% in 28115 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 28115 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Mooresville:
Property Strategy for 28115
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $172,135 | $1,250 | 5.2% | — | $172,135 |
| 2BR | $230,733 | $1,370 | 4.3% | +9.6% | $115,366 |
| 3BR | $350,155 | $1,850 | 3.8% | +8.6% | $116,718 |
| 4BR | $466,020 | $2,310 | 3.6% | +8.5% | $116,505 |
| 5BR | $555,410 | — | — | +8.9% | $111,082 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28115 Compare?
| Metric | 28115 | Mooresville | North Carolina |
|---|---|---|---|
| Home Value | $409,493 | $523,191 | $330,565 |
| 5-Year CAGR | 5.5% | 5.6% | 7.8% |
| Avg Rent | $1,975 | $1,748 | - |
| Cap Rate | 3.8% | 2.8% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28115 (Mooresville, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $409,493 |
| Monthly Rent | $1,975 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +4.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 28115
Population: 42,862
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 28115
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What kind of vacancy should I budget for in Mooresville, NC?
Occupancy in Mooresville, NC runs consistent with elevated vacancy. Well-priced units at $1,975/mo lease on reasonable timelines.
Which investment style suits Mooresville, NC?
Investors usually favor careful cash-flow rentals with hands-on management in Mooresville, NC. With home values at $409K and rents near $1,975/mo, other strategies can work but produce stable rather than outsized returns.
What is the renter demographic in Mooresville, NC?
Mooresville, NC offers a consistent renter base at the $1,975/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is the typical home price in Mooresville, NC?
In Mooresville, NC the median home value sits at $409K. Against the broader NC market, that reads as reasonable for most investors.
Is Mooresville, NC a smart market for rental property?
The 3.0/5 investability rating in Mooresville, NC reflects its $409K prices and $1,975/mo rents. Investors generally consider it a solid option within NC.
You know 28115 now. You don’t know where it ranks.
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How 28115 ranks in Charlotte-Concord-Gastonia, NC-SC
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