Mooresville Achieves Status as Fastest-Growing Suburb in the U.S. with Population Boom and $500,000 Home Prices Close to Charlotte, North Carolina

Mooresville Achieves Status as Fastest-Growing Suburb in the U.S. with Population Boom and $500,000 Home Prices Close to Charlotte, North Carolina

Mooresville, a tranquil lakeside town in North Carolina, has recently earned the title of the fastest-growing suburb in America.

With the chance to snag a new home for under $500,000, it’s attracting a lot of attention.

A Thriving Community

Located just 25 miles from the bustling city of Charlotte, Mooresville, with its population of 50,000, is the fastest-growing area in the Charlotte Metropolitan region.

This sleepy town near Lake Norman is not just known for its picturesque setting but also for its strong NASCAR presence, earning it the nickname ‘Race City USA.’

Affordable Living and Rapid Growth

Despite its racing reputation, Mooresville offers a peaceful lifestyle with home prices averaging around $480,500 as of July.

The town has seen a significant population boost, growing nearly 30 percent from 38,500 to 50,000 between 2020 and 2022.

Recreational Opportunities

Residents and newcomers can enjoy a variety of activities on nearby Lake Norman, including boating, fishing, and hiking.

Mooresville also hosts farmer’s markets, corn mazes, and lively festivals.

For water enthusiasts, there are boat and water toy rentals, as well as cruising charters.

A Taste of Local Culture

For those who appreciate local brews, Mooresville offers an ‘ale trail’ with several local breweries.

If relaxation is more your style, the town’s spas provide a perfect retreat.

Museums, including art and motorsport exhibits, are also on offer, and the town features a Trump National Golf Club course.

NASCAR Central

Mooresville is a hub for NASCAR, housing the NASCAR Technical Institute—the nation’s first school blending automotive and motorsports technology.

The town is also home to Team Penske’s NASCAR teams, IndyCar, and ALMS teams.

The local Hall of Fame celebrates its racing heritage, and numerous driving ventures are available.

On the List

Mooresville has made a notable list, alongside Concord and Clayton, for its rapid growth and affordable home values.

GoBankingRates selected these towns based on criteria such as home values below $500,000 and a nine percent population increase between 2020 and 2022.

Top Places to Move

Among the top five places to move are Mooresville, Hamtramck in Michigan, Buckeye in Arizona, Union City in Georgia, and Canyon Lake in Texas.

Other notable mentions include Dearborn, Michigan; Brockton, Massachusetts; and Desert Hot Springs, California.

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