Rent to Own Homes in Mooresville
The Mooresville Graded... Read More
The Mooresville Graded School District is one of the highest rated in the state. The city has placed a premium on education by recently constructing new Mooresville Intermediate School and Mooresville Elementary School campuses. Students of Mooresville High School are provided with a MacBook laptop to assist their studies. Mooresville Graded School athletic programs have a strong history of excellence, with the Mooresville Blue Devils having captured a state football championship. The sports history of the city includes the Mooresville Moors, a semi-professional baseball team that dates to the 1930's.The below results are primarily rent to own homes in Iredell County, NC:
The Mooresville Graded... Read More
The Mooresville Graded School District is one of the highest rated in the state. The city has placed a premium on education by recently constructing new Mooresville Intermediate School and Mooresville Elementary School campuses. Students of Mooresville High School are provided with a MacBook laptop to assist their studies. Mooresville Graded School athletic programs have a strong history of excellence, with the Mooresville Blue Devils having captured a state football championship. The sports history of the city includes the Mooresville Moors, a semi-professional baseball team that dates to the 1930's.The below results are primarily rent to own homes in Iredell County, NC:
The Mooresville Convention and Visitor's Bureau assists with initiatives that celebrate the city's connection to NASCAR. There are also numerous historic districts within the city, many of which appear on the National Register of Historic Places. The Mount Mourne Plantation and Cornelius House are popular attractions in this charming city.
Buying a Home in Mooresville?
In Mooresville, 72% of home owners pay less than 30% of their income toward housing expenses, making this city an attractive location for prospective home buyers. The median price of a home in Mooresville is $186,000 and the median monthly mortgage payment is just over $1,400. This puts the city's housing market in close alignment with national averages.
A little over 8,000 of the housing units in Mooresville are owner-occupied, and more than 90% of homes in the city were built after 1990. An overwhelming number, about 70%, have three or more bedrooms, making this city an appealing location for families.
Popular Neighborhoods in Mooresville?
With a median price of $943,000, the Mayhew neighborhood in the southwest corner of Mooresville represents the city at its finest. This upscale area is home to a large number of urban sophisticates that tend to be married and between the ages of 45-64. In contrast, the Williamson Rd & Farmcrest Ln neighborhood in the city center offers some of the more affordable homes on the local market. This area sports small to medium-sized homes that were built between 1970 and 1999, and is served by eight schools. Many couples with children have chosen this neighborhood of Mooresville.
Buying vs. Rent to Own Homes?
Buying a home in a beautiful area like Mooresville lies at the heart of the American Dream, but qualifying for a traditional mortgage in today's market can be difficult for first-time home buyers. The advantage of a rent to own home is that no qualifying is required, and a portion or all of monthly rental payments are applied toward eventual ownership. Should the homeowner decide that they no longer want the dwelling, a rent to own home does not force the buyers to try and sell the home in a difficult market. Cost of Living in Mooresville
Those considering the purchase of a home in Mooresville should be aware than housing costs in the city exceed the national average by 4%, making this North Carolina city more attractive to those with higher median incomes. Overall, the cost of living index in Mooresville is 1% higher than the national average, with the largest differences being noted in the categories of utilities and housing. Groceries, transportation, and healthcare are all on a par with national figures.
Home to a number of famous NASCAR drivers such as Greg Biffle and Dale Earnhardt, Jr. Mooresville, North Carolina is affectionately nicknamed "Race City USA." With an impressive local school system and attractive upscale homes, Mooresville is ideally suited for those individuals who are looking to purchase quality housing in an exceptional area. The city is just 25 miles north of Charlotte and sits beside Lake Norman.