Counties / North Carolina / Iredell County

Iredell County, NC

FIPS 37097 · population 196,544 · part of Charlotte, NC

$391k
Zillow home value · 2026-06
Direct county rent answer

What does rent cost in Iredell County, NC?

The latest county-level Zillow ZORI is $1,643 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.

County Zillow ZORI$1,6432026-06 · up 0.9% year over year
County ACS gross rent$1,252ACS 2024 5-year · occupied-renter survey
HUD two-bedroom FMR$1,340FY2026 · administrative standard
HUD Fair Market Rent by bedroom count in Iredell County
BedroomsHUD monthly FMRGeographyMeasurement boundary
Studio$1,167Iredell County, NCHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
1 bedroom$1,222Iredell County, NCHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
2 bedrooms$1,340Iredell County, NCHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
3 bedrooms$1,809Iredell County, NCHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
4 bedrooms$2,248Iredell County, NCHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.

Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26

The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$391k
▲ 1.2% year over year
Zillow ZHVI · direct
Median asking rent
$1,643
▲ 0.9% year over year
Zillow ZORI · direct
Gross yield
5.0%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,340
market rent is 1.23x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+65.7%not annualized · through 2025
0%ZILLOW ZHVI2026-06+1.2%FHFA HPI2025+3.6%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-08-02.
Owner-reported value$321k
Surveyed gross rent$1,252
Rent burden 30%+43.6%
Median year built1997
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
9.3%vacant
84,199estimated housing units
Occupied tenure28.1% renter
owner 71.9%renter 28.1%
Structure mix74.8% single-family
Single-family 74.8%20+ units 4.3%Mobile home 12.0%Other 8.9%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs80,918▼ 0.3% from the prior annual release
Covered establishments7,457annual average reporting locations
Average weekly wage$1,258▲ 3.4% from the prior annual release
Largest private supersectorTrade, transportation, and utilities25.1% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS−0.3%WEEKLY WAGE+3.4%Trade, transportation, and utilities25.1%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

Resident income

How local income has compounded

BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.

Per-capita personal income19692024
Per-capita personal income history for Iredell CountyA line chart of annual BEA per-capita personal income from 1969 through 2024.$0k$40k$80k196919972024$3k$70k
Nominal annual dollars; not adjusted for inflation. A rising line can reflect wage, business-income, transfer-income and investment-income changes together.
Renter affordability

Who carries the heaviest rent burden

HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.

Share of renter households in each income band2018-2022
Renter cost burden by HAMFI income band in Iredell CountyFive horizontal bars show moderate and severe housing cost burden shares among renter households in each HUD income band.0%25%50%75%100%At or below 30% HAMFI3,17073.2% burdened30–50% HAMFI3,47075.4% burdened50–80% HAMFI4,46535.6% burdened80–100% HAMFI2,39521.9% burdenedAbove 100% HAMFI6,9754.8% burdened
Moderate: >30% to 50%Severe: >50%
Each percentage uses HUD’s published subtotal for that income band. For disclosure, HUD keeps 0 as 0, publishes 1–7 households as 4 and rounds 8 or more to the nearest 5. Independently rounded categories can differ from their displayed sum and are not forced into a percentage.
County brief

What the local evidence says

01Decision frame

Iredell County presents a split decision: Zillow's 2026-06 median home value is $390,856, up 1.21%, while median asking rent is $1,643, producing a 5.04% gross yield before costs. That supports a selective cash-flow screen, not an appreciation thesis. FHFA's 2025 repeat-transaction HPI rose 3.58%; its different vintage and method challenge Zillow's slower direction, but FHFA is not a dollar home value and the measures should not be averaged. Appreciation-sensitive buyers should be cautious, while flood-exposed properties warrant investigation.

02Housing economics

Market rent is separate from HUD: the two-bedroom FMR is $1,340, and market rent is 122.60% of that payment standard; FMR is not asking-rent evidence. The gross yield is before costs. The 0.61% effective property-tax rate and $1,952 median annual tax belong in carrying-cost analysis, alongside missing insurance, maintenance, vacancy, management, financing, and flood costs. Without those inputs, net yield and cash-on-cash return cannot be determined.

03Demand & competition

Demand evidence is constructive but bounded. Tax-return flows show net migration of 1,418, while inbound average AGI exceeds outbound average AGI by $2,625; that supports tenant-depth investigation, not proof of rents, occupancy, or permanence. QCEW's covered employment fell 0.34% while average weekly wages rose 3.37%. The largest disclosed private supersector is Trade, transportation, and utilities, so this labor signal is not the whole economy. Investor mortgages accounted for 265 of 3,533 purchase mortgages, or 7.50%: present, but not dominant in this record. Underwrite owner-occupant competition and property-specific demand rather than assume investor-led pricing.

04Risk & next checks

Risk limits are material. Inland flood is the dominant hazard, and the modeled climate-loss ratio is 0.11% of building value expected per year; that is not an insurance quote or dollar repair estimate. Realtor.com MLS fields are absent: median listing price, active listings, days on market, price-reduced share, and pending ratio are unavailable. The record therefore cannot establish visible supply, marketing time, seller concessions, closed-sale pricing, or buyer demand. Next checks are parcel flood review, insurance and operating-cost quotes, lease comparables, and MLS supply and transaction evidence. The result remains a gross-yield screen, not a complete acquisition case.

Cities & communities

Where people live within Iredell County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Mooresville town52.4KStatesville city29.9KDavidson town*15.7KLake Norman of Iredell CDP12.5KTroutman town4KStony Point CDP*1.4KHarmony town967Love Valley town159
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

8 Census places

Population
  1. 01
    Mooresville townIncorporated place
    52,381
  2. 02
    Statesville cityIncorporated place
    29,894
  3. 03
    Davidson townIncorporated place · spans 2 counties
    15,660
  4. 04
    Lake Norman of Iredell CDPCensus-designated place
    12,494
  5. 05
    Troutman townIncorporated place
    3,995
  6. 06
    Stony Point CDPCensus-designated place · spans 2 counties
    1,372
  7. 07
    Harmony townIncorporated place
    967
  8. 08
    Love Valley townIncorporated place
    159

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.108% of building value expected lost per year

Effective property tax0.61%

$1,952 median annual bill

02
DemandIRS SOI household flows
Net migration+1,418

7,085 in · 5,667 out

Arriving vs leaving income+$2,625

$81,334 arriving · $78,709 leaving

03
CompetitionHMDA financed purchases
Purchases by investors7.5%

265 of 3,533 mortgages

investorother financed
Same metro

The other counties in Charlotte, NC

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Iredell County196,544$391k$1,6435.0%inland flooding
Mecklenburg County1,154,681$424k$1,7515.0%inland flooding
York County293,673$393k$1,6455.0%inland flooding
Union County250,958$456k$2,0945.5%inland flooding
Cabarrus County236,133$390k$1,8295.6%inland flooding
Gaston County234,881$303k$1,6916.7%inland flooding
Rowan County149,875$282k$1,3455.7%inland flooding
Lancaster County104,475$392k$1,7625.4%inland flooding
Lincoln County92,716$409k$1,5794.6%inland flooding
Bear case

What can break the county thesis

  1. Inland-flood exposure and unpriced insurance or property costs could erode the gross-yield case
  2. Zillow's slower price signal conflicts with FHFA's stronger index result across different vintages and methods
  3. Missing MLS supply, marketing-time, concession, and transaction evidence could reveal weaker demand or pricing power
Underwriting questions

Before pricing a property

Is a rent-based screen possible?

Yes. Median asking rent is published, and the record separately identifies HUD FMR as a payment standard; the supplied gross yield is before costs.

Does the record establish market demand and buyer competition?

No. Migration and mover-income evidence are present, but Realtor.com median listing price, active listings, days on market, price-reduced share, and pending ratio are not published.

Can an underwriter determine net yield?

No. The record provides gross yield and property-tax measures, but not insurance, maintenance, vacancy, management, financing, or flood-related costs.