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Wednesday, April 27, 2022

Your Statesville NC Real Estate Questions Answered

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Your Statesville, NC Real Estate Questions Answered

Are you considering moving to Statesville, NC? You’re not alone. The town is growing rapidly, and with good reason – it’s a great place to live in the Charlotte metro. Centrally located in Iredell County, it’s far enough away from the urban Charlotte metro to enjoy rural living but close enough when you want to visit.

For your day-to-day needs, Statesville has a charming, walkable downtown with a mix of restaurants, breweries, shopping, and annual events. You’ll discover a vibrant and friendly environment with diverse job opportunities, all in a small-town setting.

Looking to buy a home in Statesville, NC? As with any big purchase, there are bound to be questions. Here are answers to some of the most common questions about purchasing real estate in Statesville.

What is the average price of a home in Statesville, NC?

The average price of a home in Statesville was $288,000 in April 2022, up 24% year-over-year. The market had 437 homes for sale, but that’s for the greater Statesville area and not just the city limits.  

Home prices have been on the rise since March 2020. The most recent list prices ranged from $8.5k for an undeveloped lot to $2.385 million for a working farm with 90 acres and a 1,124 sq ft home.

Are there any condos or townhomes available in Statesville, NC? 

Statesville had one condo property on the market in April 2022. The two-bedroom, 1.5 bath unit was listed for $150,000.

That said, there are condos and townhomes in Statesville. Some places to search include Magnolia Glen, Broadbury Hill, and Hidden Lakes. 

What is the property tax rate for Statesville, NC?

The City of Statesville’s property tax rate was $0.5478 per $100 of assessed value in 2021, while living downtown adds $0.10. Iredell County’s property tax rate was $0.5375. Housing reappraisal was underway in 2022, with new values on January 1, 2023.

What is the cost of living in Statesville, NC?

The cost of living in Statesville is relatively affordable compared to other parts of the country. The median overall cost was 11% below the national average. Housing scored 65.4 on the Cost of Living Index, meaning housing prices were 35% under the national average. Healthcare was the most expensive category.

What county is Statesville, NC, in?

Iredell County is home to Statesville. It includes the towns of Mooresville, Troutman, and Harmony. Statesville is the county seat.

Ridges separated by creeks and valleys dominate the county landscape. The Brushy Mountains run into the northwest corner and include Fox Mountain. The county’s highest elevation of 1,760 feet. The lowest point is 700 feet above sea level and is where the South Yadkin River crosses the county line and flows eastward along the Davie-Rowan County border.

Iredell County things to do include:

  • Visiting the Iredell County Museum.
  • Playing golf at one of the county’s many courses.
  • Hiking or biking on one of the county’s trails.
  • Enjoying a meal or drink at one of the local wineries or breweries.

Southern Iredell borders Lake Norman, so residents have the bonus of boating, fishing, and water recreation options.

Is Statesville, NC, growing?

Statesville is growing! The April 2020 Census counted 28,419 residents, up by almost 4,000 new residents since 2010. The average age of a Statesville resident was 36.5 years old.

Iredell as a whole is a growing community. It added over 35,000 residents from 2010 to 2020 and has an annual growth rate of 1.8%. Much of the growth is spurred by the expanding Charlotte metro.

What neighborhoods are in Statesville, NC?

Statesville offers both historic areas and new construction homes, golf homes, and developing communities.

Some new construction communities include Carters Farm, Wildwood, Hidden Lakes, Castigate, and Autumn Brook.

Oakland Heights is northwest of downtown Statesville. Residents are next to Mac Anderson Park with its walking trails and a playground. An elementary school is walkable within the community.

Westwood is a well-established neighborhood just north of downtown. Some homes date back to the 1930s. The result is an eclectic mix of housing options, some being reasonably priced. Very similar is the nearby Druid Hills, which has mid-size homes built from the 1920s to 1970s.

Green Acres and Eastfield Estates are both beside Signal Hill Mall. Residents have retail and dining close at hand. 

Some of the most affordable neighborhoods in Statesville include Oakdale, College Park, and Shepherd’s Vineyard. Homes in these areas were typically priced around $100,000 – $200,000 in early 2022.

Are there any waterfront properties found in Statesville, NC? 

Fourth Creek runs through northwestern Statesville. Third Creek scoots along the southern area and through Larkin Golf Club. Both creeks have areas in town with waterfront real estate. Some homes may have small lakes or retention ponds.

Lake Norman has hundreds of miles of lakefront living options if you’d prefer access to fishing, boating, and water sports. There are homes along Lake Norman with a Statesville zip code, even though they are outside city limits and closer to Troutman. These communities include Laurel Cove, The Landings, and Upper Lake Place.

How is golf in Statesville, NC?

Larkin Golf Club, located in southern Statesville, is an 18-hole championship course that spans 5,300-7,005 yards, depending on your tee choices. Clyde Johnson designed the course to use the rolling landscape and imbibe it with a parkland feel. The club runs tournaments throughout the year and has a perks program.

Statesville Country Club was founded in 1944 on the east side of town. The current course was established in 1957 and designed by Alexander McKay to challenge players with its bunkers and lakes. It has various membership levels.

Another course in Statesville is the Twin Oaks Golf Club, an 18-hole course that covers 6,500 yards.

Lakewood Golf Club in nearby Troutman is a 9-hole course. It was built in 1958 and has been recognized as one of the best values for golf in the Charlotte region.

River Oaks Golf Club is outside of town and near I-40. It is a public 18-hole championship course with memberships available. A golf shop and practice facilities are available.

Are there golf course communities in Statesville, NC? 

Larkin Golf Club has golf course homes available. Sales prices ranged from $290,000-$580,000 over the last 12 months as of April 2022. The neighborhood is perfect for hiking, biking, swimming, and other outdoor activities. There are miles of wooded walkways with sidewalks, a park with a fountain, tennis courts, a pool, a grilling area, and playgrounds.  

Statesville Country Club was designed as a residential golf course community in the late 1950s-1960s. In addition to the golf course, social or fitness memberships are available at the clubhouse, giving residents access to the aquatics center, fitness facilities, summer youth camps, and dining events. Sales prices ranged from $258,000-$2.015 million over the last 12 months as of April 2022.

What areas are near Statesville, NC?

The closest large city is Charlotte, which offers an international airport, professional sports teams, museums, and various dining and shopping options. Charlotte is about 45 minutes from Statesville. 

Smaller towns near Statesville include Troutman (20 minutes), Mooresville (30 minutes), and Hickory (40 minutes).

Troutman is another small town in Iredell County and Statesville’s closest neighbor. It is proud of its small-town living and civic pride. 

Mooresville has been nicknamed “Race City USA” because it is home to many NASCAR teams and their associated businesses. Mooresville is also known for its numerous lakes, making it a popular destination for boating and fishing enthusiasts. 

Hickory has a thriving furniture industry. The Catawba Science Center and Hickory Motor Speedway are two popular attractions.

Other nearby cities include Greensboro (1 hour), Winston-Salem (1 hour), and Asheville (1.5 hours). 

Lake Norman is the largest man-made lake in North Carolina and is about 30 minutes from Statesville. Lake Norman State Park offers camping, fishing, swimming, canoeing, and hiking.

What to know about living in Statesville, NC

Statesville is a great place to live. Its prime location in Iredell County means it’s easy to get around. Visit the Charlotte metro when you want, but Statesville has everything you need to live a full and vibrant life without the urban congestion. With a charming, walkable downtown, enjoy small-town living and close-knit relationships with your neighbors.

If you’re looking for a small town with big-city amenities, Statesville is the perfect place to explore more. A local real estate agent can help.

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Preston Guyton