Iredell County, North Carolina Housing Market
In Iredell County, North Carolina, the median home value is $321,400, with a median monthly rent of $1,252. This places Iredell County at #524 nationally out of 3134 counties by median home value, and #19 within North Carolina.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,273
- Establishments: 6,985
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,447
- Multi-family: 388
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 78,998 (avg $102,891)
- Outflow: 72,965 (avg $102,529)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Iredell County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 28677 | 252.5 | +6.66% | 2025 |
| 2 | 27013 | 245.5 | +8.83% | 2025 |
| 3 | 28125 | 229.8 | -3.09% | 2025 |
| 4 | 28117 | 280.6 | +5.45% | 2025 |
| 5 | 28166 | 271.4 | +0.49% | 2025 |
| 6 | 28115 | 267.6 | +1.76% | 2025 |
| 7 | 27020 | 215.7 | +19.80% | 2024 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Iredell County Compares
| Metric | Iredell County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $321,400 | $235,312 | $227,706 |
| Median Gross Rent | $1,252 | $976 | $968 |
| Owner Occupancy Rate | 71.9% | 71.8% | 73.3% |
| Price/Rent Ratio | 21.4 | 19.8 | 18.7 |
Market Analysis
The median home value in Iredell County is 36.6% above the North Carolina state average and 41.1% above the U.S. national average. The median rent of $1,252/month is 28.3% above the state average.
With a price-to-rent ratio of 21.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Iredell County has an owner-occupancy rate of 71.9%, compared to 71.8% in North Carolina and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Douglas County | Minnesota | $321,400 | $927 |
| Wilson County | Texas | $321,300 | $1,069 |
| Kerr County | Texas | $321,200 | $1,109 |
| Nelson County | Virginia | $321,700 | $946 |
| Lincoln County | North Carolina | $321,000 | $1,015 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lincoln County | $321,000 | $1,015 | 78.9% |
| Polk County | $315,000 | $1,178 | 76.9% |
| Carteret County | $333,300 | $1,108 | 74.7% |
| Camden County | $337,100 | $1,232 | 82.1% |
| Johnston County | $305,600 | $1,146 | 76.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).