Report Details Housing Supply Gap in Moore County
MOORE COUNTY, N.C. – A new report completed by Bowen National Research shows that Moore County faces a significant housing inventory gap of 7,724 units (1,916 rental units and 5,808 for-sale units) between 2024 and 2029.
The report was commissioned by the Mid Carolina Regional Association of REALTORS® (MCRAR), Moore County Economic Development Partnership (MCEDP), and the Moore County Chamber of Commerce (MCC) as part of a 21-county Housing Needs Assessment of the Carolina Core Region in North Carolina.
Key findings from the Moore County report include:
- The number of households in Moore County is projected to increase by 4.2% (1,824 households) between 2023 and 2028, making Moore County the 3rd fastest growing county in the Carolina Core region.
- The median list price for a home in Moore County was $495,000 in 2024, the 2nd highest median list price among the 21 counties in the Carolina Core.
- Moore County has an overall for-sale availability rate of 0.9%, well below the 2% to 3% range of a healthy market.
- The vacancy rate for multifamily rental units is 4.6% in Moore County, within the healthy market range of 4% to 6%, but up to 22 households are on waitlists that are up to 36 months long.
The primary study area for the Carolina Core region encompassed 21 contiguous counties in the northcentral and near southeast portions of North Carolina, including Moore County.
“Our employers continue to tell us they have difficulty recruiting the employees they need due to a limited supply of housing in Moore County their workforce can afford. This is an important issue for our community to address if we want our businesses to be successful and to remain competitive,” said Natalie Hawkins, MCEDP President.
“Addressing Moore County’s housing supply gap is a critical investment in our county’s future. I look forward to exploring strategies with community leaders and partners to address the housing gap challenge,” said Linda Parsons, MCC President & CEO.
“The reports prepared by Bowen National Research represent a comprehensive analysis of data and information that can be used to inform policy decisions and solutions, including several actionable recommendations. We were pleased to spearhead this joint effort to make this information available to our community,” said Sandra Barnhardt, MCRAR CEO.
Another statewide report commissioned by the NC Chamber Foundation, North Carolina Home Builders Association, and NC REALTORS® indicated if the housing gap were addressed it could generate $489 billion in economic activity and nearly 2.2 million jobs.
For more information, or to view the full Moore County report, click here .
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Moore County Economic Development Partnership is a 501c(3) not-for-profit economic development organization and public-private partnership serving all of Moore County, NC. MCEDP’s mission is to “increase economic prosperity and improve the quality of life for Moore County’s citizens through the creation of quality jobs and capital investment in our communities.”
Mid Carolina Regional Association of REALTORS® represents over 800 REALTORS® who reside in our diverse communities, it is the mission of the Mid Carolina Regional Association of REALTORS® to create legislative awareness and advocate for private property rights and equal housing opportunities, to support local programs with charitable giving; and to improve the quality of life in our communities.
The mission of the Moore County Chamber of Commerce is to foster a vibrant business community. For over 58 years the Chamber has provided quality, value-added services, and programs to members to unite Moore County area businesses in a committed effort to strengthen the economic environment and thus improve the quality of life for all of Moore County.
Moore County Chamber of Commerce
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Linda Parsons President and CEO
- March 05, 2025
- (910) 692-3926
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