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Iredell County, NC

Davidson

RANK #643 / 996 NAT  ·  #32 / 51 NC  ·  POP 187,839

1YR FORECAST: -0.6%

5YR OUTLOOK: +20%

Iredell County's housing market is projected to grow -0.6% over the next year, below the national average.

[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.

[02] Market Snapshot

Housing Ratio
4.5x

Below national median (4.7x)

GDP Growth
-0.6%

Contracting economy

Home Prices
+1.0%

Below national median

Climate & Terrain
1.3

Moderate climate & terrain

Price/Rent
13x

Below national median (13x)

Housing is fairly valued at 4.5x 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

The Numbers

DEMOGRAPHICS
Population
187,839
+2.11% YoY
Median Household Income
$73,103
Median Home Value
$261,200
+0.99% 12mo
Median Rent
$1,105
Average Annual Pay
$63,307
+1.5% YoY
Employment
81,195
-1.6% YoY
Income-to-Home-Value
0.2799
More affordable than average
Migration Inflow
3.74%
of pop. from another state
Bachelor's Degree+
32.7%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$399,900
Days on Market
99
Slower market
Months of Supply
5.5
Buyer's market
Sale-to-List Ratio
97.3%
Negotiation room for buyers
Sold Above List
12.8%
Listings w/ Price Drops
26.1%
Building Permits (2024)
1,955
Single-Family Permits
1,827

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

GDP Growth -0.6% 5 percentile
Population Growth +2.1% 90 percentile
Income Growth +9.4% 70 percentile
Vacancy Rate 1.1% 51 percentile
Home Price Change +1.0% 45 percentile
Rent Growth +2.5% 41 percentile
Price/Rent 13x 58 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

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

At 35/100, Iredell County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $73,103 combined with job growth of -1.6% 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 $261,200 and the income-to-home-value ratio sits at 0.28, with rents averaging $1,105/month. Not a bargain, but not a stretch for most local earners either.

Is Iredell County growing or shrinking?

Iredell County is attracting residents (population +2.1% YoY) even as the job market softens with employment at -1.6%. Housing values changed +1.0% over the past 12 months. People may be moving here for affordability or lifestyle reasons rather than job opportunities.

Are people moving to Iredell County?

There's a moderate stream of newcomers. About 3.74% 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

Brunswick County, NC 31 Surry County, NC 28 Watauga County, NC 43 Craven County, NC 43 Henderson County, NC 27 Hoke County, NC 27 McLean County, IL 35 Smith County, TX 35