Alexander, NC 28701 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Alexander, NC—28701

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$423,000

2.8% YoY Growth

Household Income

$92,000

71.3% YoY Growth

Days on Market

9.0% Shorter YoY

Home Price Forecast

1.1%

Median Rent

$2,100

1.9% YoY Growth

1-Bed Rent

$1,500

N/A

2-Bed Rent

$1,480

8.8% YoY Growth

3-Bed Rent

$2,250

7.8% YoY Growth

Home Price Trends — Alexander, NC

As of Dec '25, the median home price in Alexander, NC is $423,000, with a year-over-year change of -2.8%. This indicates that home prices in Alexander, NC are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$423,000	-2.8%
Single Family	$422,000	-3.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Alexander, NC

As of July '25, Rentcast reports the average rent in Alexander, NC is $2,100, with a year-over-year rent change of 1.9%. Per bedroom, the median rent as of July '25 in Alexander, NC is 1-bedrooms: $1,500, 2-bedrooms: $1,480, 3-bedrooms: $2,340. The most common rental property sizes in Alexander, NC are 2-bedroom and 4-bedroom, accounting for 68.4% and 18.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,100	$2,100
Studio Rent	N/A	N/A
1 Bed Rent	$1,500	$1,500
2 Bed Rent	$1,480	$1,480
3 Bed Rent	$2,250	$2,340
4 Bed Rent	N/A	N/A

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% of Rental Stock

2 Bedrooms

68.4%

3 Bedrooms

13.5%

4 Bedrooms

18.0%

Property Listings — Alexander, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Alexander, NC is 99. This is a increase of 16.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$522,000	8.0%
Listing Count	20	38.0%
Listings as % of Homes	0.7%	38.0%
Days on Market	74	-9.0%

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Demographics — Alexander, NC

As of the latest ACS Survey released in 2023, Alexander, NC has a population of 5,520, which has increased by 71.1% over the past 5 years. Alexander, NC is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 41.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,520	71.1%
% Under 18	20.9%	4.5%
% Seniors	12.8%	-30.1%
% WFH	9.3%	-26.2%
% w/ College Degree	41.6%	40.5%

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As of the latest ACS Survey released in 2023, Alexander, NC is a predominantly white area, with 86.0% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Alexander, NC is hispanic, making up 6.7% of the population. Foreign-born residents account for 5.9% of the population in Alexander, NC, and this percentage has increased by 43.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	86.0%	-8.9%
% Black	0.0%	-100.0%
% Hispanic	6.7%	235.0%
% Asian	0.3%	∞%
% Foreign Born	5.9%	43.9%

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Mortgage and Risk — Alexander, NC

Alexander, NC lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Alexander, NC

Alexander, NC lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	3.8%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$120	$1,500	$1,380
2 Bedroom	$70	$1,480	$1,550
3 Bedroom	-$260	$2,250	$1,990
4 Bedroom	N/A	N/A	$2,630

Alexander, NC—28701

Key Metrics at a Glance

Home Price Trends — Alexander, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Alexander, NC

% of Rental Stock

Property Listings — Alexander, NC

Demographics — Alexander, NC

Race and Ethnicity

Mortgage and Risk — Alexander, NC

Mortgages

Rentals and Section 8 — Alexander, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Alexander, NC

Home Price to Income Ratio

Alexander, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Asheville, NC

Weaverville, NC

Leicester, NC

Asheville, NC

Asheville, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.3
Median Home Price	$423,000
Median Household Income	$92,000

Alexander, NC—28701

Key Metrics at a Glance

Home Price Trends — Alexander, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Alexander, NC

% of Rental Stock

Property Listings — Alexander, NC

Demographics — Alexander, NC

Race and Ethnicity

Mortgage and Risk — Alexander, NC

Mortgages

Rentals and Section 8 — Alexander, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Alexander, NC

Home Price to Income Ratio

Alexander, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Asheville, NC

Weaverville, NC

Leicester, NC

Asheville, NC

Asheville, NC

Frequently Asked Questions

What is the average home price in Alexander, NC 28701?

How have home prices in Alexander, NC 28701 changed over the past year?

What is the home price projection for Alexander, NC 28701?

What are the demographics of Alexander, NC 28701?

How long does it take homes to sell in Alexander, NC 28701?

What is the average rent price in Alexander, NC 28701?