Arden, NC 28704 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Arden, NC—28704

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$436,000

2.5% YoY Growth

Household Income

$79,100

25.1% YoY Growth

Days on Market

9.0% Shorter YoY

Home Price Forecast

1.0%

Median Rent

$1,590

19.1% YoY Growth

1-Bed Rent

$1,380

2.2% YoY Growth

2-Bed Rent

$1,570

6.9% YoY Growth

3-Bed Rent

$2,100

9.9% YoY Growth

Home Price Trends — Arden, NC

As of Dec '25, the median home price in Arden, NC is $436,000, with a year-over-year change of -2.5%. This indicates that home prices in Arden, NC are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$436,000	-2.5%
Single Family	$448,000	-2.8%
Condos	$281,000	-0.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Arden, NC

As of July '25, Rentcast reports the average rent in Arden, NC is $1,820, with a year-over-year rent change of -19.1%. Per bedroom, the median rent as of July '25 in Arden, NC is studios: $1,280, 1-bedrooms: $1,400, 2-bedrooms: $1,610, 3-bedrooms: $2,180, 4-bedrooms: $4,140. The most common rental property sizes in Arden, NC are 2-bedroom and 3-bedroom, accounting for 39.2% and 24.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,590	$1,820
Studio Rent	$1,280	$1,280
1 Bed Rent	$1,380	$1,400
2 Bed Rent	$1,570	$1,610
3 Bed Rent	$2,100	$2,180
4 Bed Rent	$3,300	$4,140

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% of Rental Stock

Studio

18.5%

1 Bedroom

14.4%

2 Bedrooms

39.2%

3 Bedrooms

24.0%

4 Bedrooms

3.0%

5+ Bedrooms

0.9%

Property Listings — Arden, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Arden, NC is 78. This is a increase of 8.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$625,000	7.0%
Listing Count	155	43.0%
Listings as % of Homes	0.9%	43.0%
Days on Market	85	-9.0%

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Demographics — Arden, NC

As of the latest ACS Survey released in 2023, Arden, NC has a population of 23,500, which has increased by 23.4% over the past 5 years. Arden, NC is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 40.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	23,500	23.4%
% Under 18	20.5%	-6.8%
% Seniors	16.3%	-2.4%
% WFH	16.7%	328.2%
% w/ College Degree	40.9%	-7.5%

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As of the latest ACS Survey released in 2023, Arden, NC is a predominantly white area, with 73.6% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Arden, NC is hispanic, making up 11.1% of the population. Foreign-born residents account for 10.3% of the population in Arden, NC, and this percentage has decreased by 9.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	73.6%	-8.5%
% Black	7.9%	33.9%
% Hispanic	11.1%	35.4%
% Asian	2.1%	-47.5%
% Foreign Born	10.3%	-9.6%

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Mortgage and Risk — Arden, NC

According to HUD data as of 2023, there were 447 mortgage originations in Arden, NC, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Arden, NC. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	447
% Conventional Loans	92.0%
% Government Loans	8.0%
% Investor Loans	2.0%
% Second Loans	5.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Arden, NC

As of 2024, the percent of homes in Arden, NC under the Section 8 program is 2.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Arden, NC, because HUD payments exceed market rent, while 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	94
Total Units Section 8	94
% Rentals under Section 8	2.8%
% Occupied Section 8	84.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$190	$1,380	$1,570
2 Bedroom	$190	$1,570	$1,760
3 Bedroom	$160	$2,100	$2,260
4 Bedroom	-$320	$3,300	$2,980

Arden, NC—28704

Key Metrics at a Glance

Home Price Trends — Arden, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Arden, NC

% of Rental Stock

Property Listings — Arden, NC

Demographics — Arden, NC

Race and Ethnicity

Mortgage and Risk — Arden, NC

Mortgages

Rentals and Section 8 — Arden, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Arden, NC

Home Price to Income Ratio

Arden, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Mills River, NC

Asheville, NC

Fletcher, NC

Horse Shoe, NC

Asheville, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.3
Median Home Price	$436,000
Median Household Income	$79,100

Arden, NC—28704

Key Metrics at a Glance

Home Price Trends — Arden, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Arden, NC

% of Rental Stock

Property Listings — Arden, NC

Demographics — Arden, NC

Race and Ethnicity

Mortgage and Risk — Arden, NC

Mortgages

Rentals and Section 8 — Arden, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Arden, NC

Home Price to Income Ratio

Arden, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Mills River, NC

Asheville, NC

Fletcher, NC

Horse Shoe, NC

Asheville, NC

Frequently Asked Questions

What is the average home price in Arden, NC 28704?

How have home prices in Arden, NC 28704 changed over the past year?

What is the home price projection for Arden, NC 28704?

What are the demographics of Arden, NC 28704?

How long does it take homes to sell in Arden, NC 28704?

What is the average rent price in Arden, NC 28704?