ZIP Code · NC

ZIP 28117

Pop. 48,826·Iredell County·139th most expensive ZIP in North Carolina
Median rent (all units)
$1,584/mo
Year-over-Year
+2.9%
Month-over-Month
+1.0%
vs US Median
-$348
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 28117 · $1,584
More affordable than 67% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,227
1 BR
$1,283
2 BR
$1,409
3 BR
$1,900
4 BR+
$2,363
Research median
$1,409/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 28117 usually run 0.9% below trend in January and 0.9% above it in July, about $29 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 28117 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of North Carolina

Rent in ZIP 28117 changed +2.9% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 28117 rose 35.1% while median household income rose 26.7% ($89,189 to $112,976). Rent outpaced income.

Since before the pandemic

Rent in ZIP 28117 is 33.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 3 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($112,976) is $2,824 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,710); a 4-bedroom is $3,370.

From Zillow's monthly rent index (ZORI) for ZIP 28117. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$19,008/yr
At $1,584/mo median
Location
StateNC
CountyIredell County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.9% YoY, +1.0% MoM), not inventory.
Demographics

Who lives here

ZIP 28117 (Mooresville, NC) is majority owner-occupied, has a median income above the national average, 55.4% of residents hold a bachelor's degree or higher.

Population
48,826
Median income
$112,976
Median age
44.5
Renters
32.1%
Age distribution
19.9%
19.4%
27.4%
15.2%
18%
Under 1819.9%
18–3419.4%
35–5427.4%
55–6415.2%
65+18%
Gender
50.1%
49.9%
Male50.1%
Female49.9%
Race & ethnicity
79.8%
White79.8%
Black5%
Hispanic7.3%
Asian4.2%
Other3.7%
Education (25+)
16.2%
25.7%
55.4%
No HS diploma2.6%
HS diploma16.2%
Some college25.7%
Bachelor's+55.4%
Housing tenure
67.9%
32.1%
Owner67.9%
Renter32.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 28117 in Mooresville, NC has changed in 5 years

Rent
$1,324 → $1,584
up 19.6%
Income
$98,662 → $112,976
up 14.5%
Population
45,346 → 48,826
up 7.7%
Renter share
31.1% → 32.1%
+1.0 pts
Bachelor's+
53.8% → 55.4%
+1.6 pts
Median age
42.9 → 44.5
+1.6 yrs

The median rent in ZIP 28117 in Mooresville, NC stood at $1,324 in 2021 and currently runs about $1,584, reflecting a 19.6% increase over the period. Median household income rose from $98,662 to $112,976 between 2021 and 2024, a 14.5% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 7.7% since 2021, moving from about 45,346 residents to roughly 48,826. Taken together, the five-year picture in ZIP 28117 in Mooresville, NC reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 28117

Last updated: October 17, 2026

ZIP code 28117 covers Mooresville, NC. The median rent here is $1,584/mo as of October 2026. A 1-bedroom rents for a median of $1,283/mo. A 2-bedroom rents for a median of $1,409/mo.

At 17% of local median household income ($112,976/yr), ZIP 28117 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 28117?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (about $30/hour full-time) to afford the median rent of $1,584/mo in ZIP 28117. The local median household income is $112,976/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 28117?

Rent in ZIP 28117 has risen 2.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 28117?

Asking rents in ZIP 28117 are usually lowest in January, about 0.9% below their yearly trend, and highest in July, about 0.9% above it. At today's median that is a gap of roughly $29 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 28117?

Yes. From 2019 to 2024, rent in ZIP 28117 rose 35.1% while median household income rose 26.7%, from $89,189 to $112,976. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 28117 compare to other ZIPs in North Carolina?

ZIP 28117 is in the middle among North Carolina ZIP codes for rent, ranking #139 of 230 at $1,584/mo. Over the year to September 2026, rent in ZIP 28117 changed +2.9%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.

How does ZIP 28117 compare to the rest of Mooresville?

At $1,584/mo, ZIP 28117 is $91 below the Mooresville citywide median of $1,675/mo.
Income Affordability
17%
VERY AFFORDABLE

At $1,584/mo, rent takes ~17% of ZIP 28117's median household income ($112,976/yr). The standard benchmark is 30%.

ZIP 28117 17%Benchmark 30%
State income tax4.5%
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Schools nearby

Public schools near ZIP 28117 (Mooresville, NC)

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