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Iredell County, NC

RANK #746 / 1001 NAT  ·  #38 / 51 NC  ·  POP 196,544

1YR FORECAST: -0.5%

5YR OUTLOOK: +24%

Our model projects Iredell County's housing market at -0.5% over the next year, underperforming most U.S. counties.

[01] Why Iredell County?

Iredell County, North Carolina, is distinguished by Lake Norman, the state's largest man-made lake, which forms much of its western border and offers 520 miles of shoreline. Located in the Piedmont region, approximately 30 minutes north of Charlotte, the county presents a blend of suburban and rural living. Mooresville, known as "Race City USA," is a notable town within the county, recognized for its ties to NASCAR. The landscape features rolling hills and mixed hardwood forests, with the Brushy Mountains in the northwest. Outdoor recreation opportunities include extensive hiking and mountain biking trails at Lake Norman State Park, along with various community parks.

Life in Iredell County offers a mix of community types, from the historic county seat of Statesville to the growing areas around Lake Norman. Residents have access to two public school districts, Iredell-Statesville Schools and Mooresville Graded School District, both recognized for their educational quality. Commute options include the Iredell County Area Transportation System (ICATS), which provides local routes and an express service to Charlotte. The economy is experiencing growth, driven by investments across various sectors, including manufacturing and data centers. Businesses in the county have reported stable employment and optimism for future sales growth.

MARKET PROFILE

Idiosyncratic Markets

Iredell County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices +1.4% YoY, population +2.5%, wages +3.3%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
11.9x

Overvalued relative to economy

Home Prices
+1.4%

Below national median

Climate & Terrain
1.3

Moderate climate & terrain

Price/Rent
16x

Above national median (15x)

Housing looks overvalued at 11.9x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Lowe's Companies Inc. Retail
    2,500+
  2. 2
    Iredell-Statesville Schools Education
  3. 3
    Iredell Health System Healthcare
    1,000+
  4. 4
    Iredell County Government Government
  5. 5
    Walmart Inc. Retail
  6. 6
    Lake Norman Regional Medical Center Healthcare
    500+
  7. 7
    Mooresville Graded School District Education
  8. 8
    NGK Ceramics USA Manufacturing
  9. 9
    Davis Regional Medical Center Healthcare
  10. 10
    Piedmont HealthCare Healthcare

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Iredell County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
196,544
+2.47% YoY
Median Household Income
$81,419
Median Home Value
$321,400
+1.35% 12mo
Median Rent
$1,252
Average Annual Pay
$65,416
+3.3% YoY
Employment
80,918
-0.3% YoY
Income-to-Home-Value
0.2533
More affordable than average
Migration Inflow
3.35%
of pop. from another state
Bachelor's Degree+
34.1%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$405,000
Days on Market
60
Slower market
Months of Supply
4.2
Balanced market
Sale-to-List Ratio
97.7%
Negotiation room for buyers
Sold Above List
16.3%
Listings w/ Price Drops
34.0%
Building Permits (2025)
1,835
Single-Family Permits
1,447

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B-
SAFETY
GRADE
Homicide Rate
4.4
per 100K · nat avg 6.3
Firearm Fatalities
13.8
per 100K · nat avg 14.8
Injury Deaths
74.8
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$1,265M
TOTAL
PROJECT AMOUNT STATUS
Statesville Data Center Campus
Compass Datacenters
$1,000M Planned
77 North Logistics Site
Undisclosed
$100M Planned
Northside 77 Industrial Space
Undisclosed
$90M Under Construction
North Fork Business Park
Undisclosed
$75M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

Population Growth +2.5% 92 percentile
Income Growth +3.5% 68 percentile
Vacancy Rate 1.0% 47 percentile
Home Price Change +1.4% 44 percentile
Rent Growth +0.9% 20 percentile
Price/Rent 16x 43 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

Is Iredell County, NC a good place to move to?

At 25/100, Iredell County faces headwinds that place it in the lower third of the 1001 counties we track. Median income of $81,419 combined with job growth of -0.3% suggests the local economy is struggling to keep pace with national trends.

Is Iredell County affordable?

Housing in Iredell County is roughly in line with national affordability norms. The median home costs $321,400 and the income-to-home-value ratio sits at 0.25, with rents averaging $1,252/month. Not a bargain, but not a stretch for most local earners either.

Is Iredell County growing or shrinking?

Iredell County's population is growing — up +2.5% YoY — while the job market is roughly flat (employment change of -0.3%). Home values shifted +1.4% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Iredell County?

There's a moderate stream of newcomers. About 3.35% of residents moved from another state, which is above average and suggests Iredell County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

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