ZIP 28115

28115 is one of 9 ZIP codes that lie mostly in Iredell County, NC — 71% of its own area is in the county.

Shaded by typical home value, it ranks 2 of the 9 with a value.

13 school locations in 28115: 5 elementary, 3 middle, 3 high, 2 other.

In alphabetical order: Coddle Creek Elementary, East Mooresville Intermediate, Mooresville High School, Mooresville Intermediate, and more on the ZIP page. Locations only — no ratings are shown here.

In January 2000 the typical home in 28115 was worth $157,771.

Values peaked at $406,394 in April 2026. The latest reading is −0.9% from that peak.

As of August 2026: $402,878, 0.0% over twelve months.

Start with the typical home: $402,878. Put 20% down and borrow $322,302 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $2,232 a month in principal and interest.

The median household here earns $86,724 a year, $7,227 a month. So the payment takes 30.9% of income — rated “stretched” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 12.1% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $945.

In December 2020, with rates at 2.68%, it was $894.

By August 2026, at 6.67%, it was $2,073 — +132% since December 2020, while the home's value moved +46%.

Reported values rose +155% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $311,377. So the real change is +29%, not +155%.

28115: +140% since January 2002.

Iredell County: +125% since January 2002.

North Carolina: +139% since January 2002 — 28115 ran ahead of it by 1 points.

Against 834 North Carolina ZIP codes, 28115 sits at the 37th percentile for affordability (price vs local income).

27th for appreciation (recent value growth); 60th for rental yield (rent vs price).

Owning the typical home costs about $2,634 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $2,023 a month.

Price divided by a year's rent: 16.6. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 105 a month (Redfin, 3-month rolling data through August 2026). That is 105% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 330. That is 110% of the 2015–2019 level for the same months.

Going out — closed sales: about 74 a month. That is 85% of the 2015–2019 level for the same months. The drain is drawn 15% narrower: the share of homes for sale that sell each month is 85% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 4.5 months of supply — inside the 4–6 month balanced range. In the basin, that is the water level against the shaded balanced band.

The net reading: about 31 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 74 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 81 — so sales ran at 91% of it, and below it in 17 of the last 24 months.

Across Iredell County, builders pulled permits for 1,835 new homes in 2025.

Of those, 79% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Iredell County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 3,064 moved in. Among the ten receiving the most, 2,662 moved out.

Net across those counties: +402 households. Beside it, homes for sale in this ZIP: 330 in June 2026.

Most arrivals came from Mecklenburg, NC (1,554 households); most departures went to Mecklenburg, NC (1,013).