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City · 29,894 residents · Iredell County, North Carolina

Statesville , North Carolina

In Statesville, a typical home is worth $248,000 and typical rent is $1,000 a month. Compared with all of Iredell County, typical household income is 35% lower, the typical home value is 23% lower, and the share of households that own their home is 20 points lower.

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  • Typical home value

    $248,000

    23% below the county

    14% below North Carolina

    • Statesville
    • Iredell
    • North Carolina

  • Typical rent

    $1,000a month

    20% below the county

    19% below North Carolina

    • Statesville
    • Iredell
    • North Carolina

  • Typical household income

    $52,880a year

    35% below the county

    27% below North Carolina

    • Statesville
    • Iredell
    • North Carolina

  • Households that own their home

    52%

    20 points below the county

    15 points below North Carolina

    • Statesville
    • Iredell
    • North Carolina

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$296,209
2.5% more than 12 months ago
Typical rent
$1,765 a month
4.8% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Statesville is in Iredell County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Iredell County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Statesville apart

What this place has that others do not, from public data, most unusual first.

  1. 52% of households in Statesville own their home, against 72% in Iredell County.

  2. The typical household income in Statesville is $52,880, 35% less than in Iredell County as a whole ($81,419).

  3. The typical home in Statesville is worth $248,000, 23% less than in Iredell County as a whole ($321,400).

  4. The typical rent in Statesville is $1,000 a month, 20% less than in Iredell County as a whole ($1,252).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Statesville

What homes there are in Statesville, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Statesville, 6 in 10 homes are single-family detached houses; in Iredell County, 7.

Year built

Homes in Statesville are older: the typical year built is 1982; in Iredell County, 1997.

There are fewer big homes in Statesville than in Iredell County: 55% have 3 bedrooms or more, against 73%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

About 92% of owner-occupied homes in Statesville are worth less than the FHA loan limit for Iredell County ($541,287).

Monthly rent with utilities

By rent, most homes in Statesville cost less than HUD's 2-bedroom fair market rent ($1,429): about 79%.

With a mortgage

$1,473 a month

Iredell County: $1,714 a month

Without a mortgage

$480 a month

Iredell County: $457 a month

Owners with a mortgage

64%

Iredell County: 62%

In Statesville, 64% of owners have a mortgage, and their typical cost is $1,473 a month, against $1,714 in Iredell County. Without one it drops to $480.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Statesville rose 63% since 2015–2019, less than in Iredell County (69%).

Rents in Statesville rose more slowly than in Iredell County: 35% since 2015–2019, against 44%.

The typical household income in Statesville rose 32%: less than home values (+63%) and rent (+35%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureStatesvilleIredell CountyNorth CarolinaUnited States
Rental vacancy 7.5%4.9%7.1%5.5%
Homeowner vacancy Unreliable estimate1.0%1.3%0.9%
More than one person per room Unreliable estimate2.1%2.2%3.4%
People per household 2.342.552.442.53
Drive alone 74%74%72%69%
Carpool 15%9%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike 2%1%2%3%
Work from home 8%15%16%15%
Other means Unreliable estimate1%1%2%
Typical commute 10 to 19 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

The rental vacancy rate in Statesville is 7.5%, higher than in Iredell County (4.9%).

On average, a household in Statesville has 2.34 people, fewer than in Iredell County (2.55).

In Statesville, 15% of workers share a car to get to work; in Iredell County, 9%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Statesville?

A typical home costs more than the typical income allows

We start with a typical home in Statesville, worth $248,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 46% of the typical household income in Statesville, which is $52,880 a year. For that payment to be 28% of income, a household would need to earn about $86,558 a year.

The calculator's FHA and conventional loan limits are those of all of Iredell County.

Your numbers

Local data
$

Starts at the typical home value in Statesville. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,680 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,020

at 7.18% · 30 years

Loan amount
$243,508
Total interest
$350,351
Paid off in
November 2056

Includes $4,188 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,234 a month

  • Tight

    $1,234 to $1,586 a month

  • Hard

    more than $1,586 a month

    Your payment · 46%

Compared with the typical household income in Statesville ($52,880 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,020
Principal & interest$1,650
Property tax$157
Home insurance$103
FHA mortgage insurance (MIP)$110

You need at least $8,680 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Statesville and Iredell County

Statesville is in Iredell County, North Carolina. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Statesville's own numbers

Typical home value
$248,000
Typical monthly rent
$1,000
Typical yearly household income
$52,880
Households that own their home
52%
Effective property tax rate
0.76%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Iredell County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,429
Price change over 5 years (FHFA)
+66%
Homes in a high flood-risk zone
0.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Iredell County.

Everything about Iredell County

Buying

Buying a home in Statesville

A typical home in Statesville is worth $248,000: 23% below the county and 14% below North Carolina. With the typical household income in Statesville ($52,880 a year), a typical home costs 4.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Statesville 4.7 years
  • Iredell 3.9 years
  • North Carolina 4.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Iredell County

According to FHFA’s house price index, home prices in Iredell County rose 107% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Iredell County.

Period County North Carolina U.S.
Last year (2025) +3.6% +2.5% +2.9%
5 years (2020–2025) +66% +60% +47%
10 years (2015–2025) +107% +107% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Statesville next to Iredell County, North Carolina and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Statesville $248,000
  • Iredell $321,400
  • North Carolina $288,900
  • United States $332,700
Typical monthly rent
  • Statesville $1,000
  • Iredell $1,252
  • North Carolina $1,228
  • United States $1,413
Typical yearly household income
  • Statesville $52,880
  • Iredell $81,419
  • North Carolina $72,388
  • United States $80,734
See the full table
Statesville next to Iredell County and North Carolina
Measure Statesville Iredell County North Carolina U.S.
Typical home value $248,000 $321,400 $288,900 $332,700
Typical monthly rent $1,000 $1,252 $1,228 $1,413
Typical yearly household income $52,880 $81,419 $72,388 $80,734
Households that own their home 52% 72% 67% 65%
Typical yearly property tax $1,879 $1,952 $1,896 $3,119
Effective property tax rate 0.76% 0.61% 0.66% 0.94%
Renters with high rent for their income 53% 44% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Iredell County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Statesville

For a typical $248,000 home in Statesville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Statesville's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,020a month

    Least cash to close
    Down payment
    $8,680
    Cash to close
    $16,120
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $110

  • Conventional, 5% down $1,974a month

    Down payment
    $12,400
    Cash to close
    $19,840
    Rate
    7.18%
    Mortgage insurance
    PMI · $118

  • Conventional, 20% down, no PMI $1,604a month

    Down payment
    $49,600
    Cash to close
    $57,040
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,834a month

    Down payment
    $37,200
    Cash to close
    $44,640
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Statesville and for Iredell County.

Property tax

Effective rate in Statesville

0.76%of the home’s value each year

$1,879 a year for the typical owner in Statesville.

  • Statesville 0.76%
  • Iredell 0.61%
  • North Carolina 0.66%

What North Carolina publishes Elderly or Disabled Homestead Exclusion (North Carolina General Assembly (statute))

Exemptions and deadlines in North Carolina

Flood risk in Iredell County

FEMA does not publish these numbers by city: they are for all of Iredell County.

Homes in the high-risk zone
0.2%
159
Of those, with NFIP insurance
18%
County North Carolina U.S.
Homes in the high-risk zone 0.2% 2.8% 3.5%
Of those, with NFIP insurance 18% 53% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Statesville

Typical rent in Statesville is $1,000 a month: 20% below the county. In Statesville, 53% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Iredell County, by unit size. To pay the 2-bedroom one ($1,429 a month) without spending more than 30% of your income, you would need to earn $27.48 an hour working full time.

HUD fair market rent for all of Iredell County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,260 $24.23 $50,400
1 bedroom $1,313 $25.25 $52,520
2 bedrooms $1,429 $27.48 $57,160
3 bedrooms $1,897 $36.48 $75,880
4 bedrooms $2,389 $45.94 $95,560

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Statesville

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Statesville has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,160 in 28625 to $1,210 in 28677.

None is above the fair market rent for Iredell County ($1,429).

  • 28625 $1,160$1,540
  • 28677 $1,210$1,630

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Statesville when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Statesville

HUD lists 22 buildings with rents for lower incomes in Statesville. These are the largest.

  • Raleigh Hills 330 Winona St, Statesville 28677 146 homes, 144 low-income · Run by Statesville Housing Authority · Average payment: $312 a month · Average wait: 33 months (704) 872-9811
  • Summit Village 329 Deaton St, Statesville 28677 133 low-income homes · Run by Statesville Housing Authority · Average payment: $366 a month · Average wait: 58 months (704) 872-9811
  • Parkwood Village 910 Inglewood Rd, Statesville 28677 106 low-income homes · Run by Statesville Housing Authority · Average payment: $319 a month · Average wait: 34 months (704) 872-9811
  • Oaktree Village 1209 Ascending Ln, Statesville 28625 86 low-income homes · Run by Statesville Housing Authority · Average payment: $469 a month · Average wait: 11 months (704) 872-9811
  • Greylin Ridge Apartments 118 Greylin Loop, Statesville 28625 80 low-income homes · 2 bd: 52 · 3 bd: 24 · 4 bd: 4 · In service since 2010 · For families

See all 35 buildings in Iredell County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Statesville

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Iredell County; 1 says it serves in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Statesville

No down payment, repair or rent-help program on our list is for Statesville or Iredell County. The ones below are statewide in North Carolina: they work in Statesville the same as in the rest of the state.

Which programs do I qualify for? All programs in North Carolina

  • NC Home Advantage Mortgage

    Statewide in North Carolina

    NCHFA fixed-rate mortgage with down payment assistance, for first-time buyers and for people who have owned a home before, in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Forgivable

    See the program Official page

  • NC 1st Home Advantage Down Payment

    Statewide in North Carolina

    A fixed amount of NCHFA down payment assistance for first-time buyers and veterans in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Type not stated

    See the program Official page

  • Community Partners Loan Pool (CPLP)

    Statewide in North Carolina

    NCHFA interest-free loan with deferred payments of up to 25% of the price (maximum $50,000) for the down payment of low- and moderate-income buyers in North Carolina; you apply through a member organization. Offered by North Carolina Housing Finance Agency (NCHFA).

    Deferred

    See the program Official page

Housing counselors near Statesville

The HUD-approved agencies closest to the center of Statesville, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Foundations

    919 N Main Street, Suite 143A, Mooresville · 14 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (704) 799-7641

  • The Safeguard Group - Housing & Debt Advisors

    240 N Main St, Mooresville · 14 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    800-673-6993-146

  • Ada Jenkins Families and Careers Development Center, Inc.

    212 Gamble St, Davidson · 20 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (704) 896-0471

Every agency in Iredell County All counseling agencies in North Carolina

Help in Spanish near Statesville

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Statesville

HUD’s record names them for Statesville or Iredell County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Statesville Housing Authority Public housing and Section 8 vouchers (704) 872-9811

One other authority has an office in Iredell County: see the list Source: HUD

Cities

Other cities in Iredell County

These cities are also in Iredell County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Iredell County Housing in North Carolina

Nearby cities

The cities closest to Statesville, with the typical home value.

Neighboring counties

If Iredell County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Statesville.

All guides
A family walks a boardwalk trail in the forest; one of them uses a wheelchair.

Questions

Housing questions about Statesville

Short answers with the numbers for Statesville and all of Iredell County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Statesville?

The typical home value in Statesville is $248,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Iredell County it is $321,400.

How much does it cost to rent in Statesville?

Typical rent in Statesville is $1,000 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Iredell County is $1,429.

What is the FHA loan limit in Statesville?

Statesville uses the FHA limit for all of Iredell County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Statesville?

The typical homeowner in Statesville pays $1,879 a year, according to the U.S. Census Bureau. That is 0.76% of the home’s value; in Iredell County, the rate is 0.61%.

Where can I find free help to buy or rent in Statesville?

There are 2 HUD-approved counseling agencies with an office in Iredell County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).