Fletcher, NC 28732 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Fletcher, NC—28732

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$457,000

3.5% YoY Growth

Household Income

$79,500

32.4% YoY Growth

Days on Market

27.0% Longer YoY

Home Price Forecast

-0.7%

Median Rent

$1,900

9.9% YoY Growth

1-Bed Rent

$1,250

N/A

2-Bed Rent

$1,650

12.8% YoY Growth

3-Bed Rent

$2,400

3.1% YoY Growth

Home Price Trends — Fletcher, NC

As of May '26, the median home price in Fletcher, NC is $457,000, with a year-over-year change of -3.5%. This indicates that home prices in Fletcher, NC are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$457,000	-3.5%
Single Family	$464,000	-3.3%
Condos	$286,000	-1.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Fletcher, NC

As of July '25, Rentcast reports the average rent in Fletcher, NC is $2,090, with a year-over-year rent change of -9.9%. Per bedroom, the median rent as of July '25 in Fletcher, NC is 1-bedrooms: $1,420, 2-bedrooms: $1,560, 3-bedrooms: $2,470, 4-bedrooms: $3,200. The most common rental property sizes in Fletcher, NC are 2-bedroom and 3-bedroom, accounting for 48.4% and 29.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,900	$2,090
Studio Rent	N/A	N/A
1 Bed Rent	$1,250	$1,420
2 Bed Rent	$1,650	$1,560
3 Bed Rent	$2,400	$2,470
4 Bed Rent	$3,200	$3,200

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% of Rental Stock

Studio

2.8%

1 Bedroom

13.6%

2 Bedrooms

48.4%

3 Bedrooms

29.4%

4 Bedrooms

5.9%

Property Listings — Fletcher, NC

As of May '26, Realtor.com reports that the median days on market for a home in Fletcher, NC is 51. This is a increase of 27.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$489,000	-1.0%
Listing Count	172	24.0%
Listings as % of Homes	0.5%	24.0%
Days on Market	51	27.0%

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Demographics — Fletcher, NC

As of the latest ACS Survey released in 2023, Fletcher, NC has a population of 18,500, which has increased by 5.8% over the past 5 years. Fletcher, NC is a moderately popular place for families, as children make up 20.6% of the population. The area has a moderately educated workforce, with 39.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	18,500	5.8%
% Under 18	20.6%	5.1%
% Seniors	21.7%	33.1%
% WFH	11.8%	90.3%
% w/ College Degree	39.6%	9.1%

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As of the latest ACS Survey released in 2023, Fletcher, NC is a predominantly white area, with 82.5% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Fletcher, NC is hispanic, making up 8.8% of the population. Foreign-born residents account for 7.0% of the population in Fletcher, NC, and this percentage has increased by 32.1% 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	82.5%	-4.8%
% Black	3.2%	-44.8%
% Hispanic	8.8%	104.7%
% Asian	1.6%	-40.7%
% Foreign Born	7.0%	32.1%

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Mortgage and Risk — Fletcher, NC

According to HUD data as of 2023, there were 503 mortgage originations in Fletcher, NC, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Fletcher, NC. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	503
% Conventional Loans	92.0%
% Government Loans	8.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Fletcher, NC

As of 2024, the percent of homes in Fletcher, NC under the Section 8 program is 2.1%. 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 units appear to be good home sizes to consider for Section 8 housing in Fletcher, NC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	29
Total Units Section 8	29
% Rentals under Section 8	2.1%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$180	$1,250	$1,430
2 Bedroom	-$50	$1,650	$1,600
3 Bedroom	-$340	$2,400	$2,060
4 Bedroom	-$500	$3,200	$2,700

Fletcher, NC—28732

Key Metrics at a Glance

Home Price Trends — Fletcher, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fletcher, NC

% of Rental Stock

Property Listings — Fletcher, NC

Demographics — Fletcher, NC

Race and Ethnicity

Mortgage and Risk — Fletcher, NC

Mortgages

Rentals and Section 8 — Fletcher, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Fletcher, NC

Home Price to Income Ratio

Fletcher, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Asheville, NC

Hendersonville, NC

Arden, NC

Hendersonville, NC

Gerton, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.6
Median Home Price	$457,000
Median Household Income	$79,500

Fletcher, NC—28732

Key Metrics at a Glance

Home Price Trends — Fletcher, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fletcher, NC

% of Rental Stock

Property Listings — Fletcher, NC

Demographics — Fletcher, NC

Race and Ethnicity

Mortgage and Risk — Fletcher, NC

Mortgages

Rentals and Section 8 — Fletcher, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Fletcher, NC

Home Price to Income Ratio

Fletcher, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Asheville, NC

Hendersonville, NC

Arden, NC

Hendersonville, NC

Gerton, NC

Frequently Asked Questions

What is the average home price in Fletcher, NC 28732?

How have home prices in Fletcher, NC 28732 changed over the past year?

What is the home price projection for Fletcher, NC 28732?

What are the demographics of Fletcher, NC 28732?

How long does it take homes to sell in Fletcher, NC 28732?

What is the average rent price in Fletcher, NC 28732?