Swannanoa, NC—28778
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Swannanoa, NC
As of Oct '25, the median home price in Swannanoa, NC is $371,000, with a year-over-year change of -3.4%. This indicates that home prices in Swannanoa, NC are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $371,000 | -3.4% |
| Single Family | $370,000 | -3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $309,000 | -4.0% |
3 Bed | $393,000 | -3.2% |
4 Bed | $526,000 | -1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Swannanoa, NC
As of July '25, Rentcast reports the average rent in Swannanoa, NC is $1,820, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Swannanoa, NC is studios: $1,290, 1-bedrooms: $1,550, 2-bedrooms: $1,700, 3-bedrooms: $2,040. The most common rental property sizes in Swannanoa, NC are 2-bedroom and 3-bedroom, accounting for 43.6% and 35.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,820 |
| Studio Rent | $1,100 | $1,290 |
| 1 Bed Rent | $1,200 | $1,550 |
| 2 Bed Rent | $1,600 | $1,700 |
| 3 Bed Rent | $2,000 | $2,040 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Swannanoa, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Swannanoa, NC is 88. This is a increase of 68.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $462,000 | 8.0% |
Listing Count | 61 | 123.0% |
| Listings as % of Homes | 0.5% | 123.0% |
Days on Market | 88 | 68.0% |
Demographics — Swannanoa, NC
As of the latest ACS Survey released in 2023, Swannanoa, NC has a population of 11,900, which has increased by 20.1% over the past 5 years. Swannanoa, NC is a moderately popular place for families, as children make up 18.8% of the population. The area has a moderately educated workforce, with 32.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,900 | 20.1% |
% Under 18 | 18.8% | 29.7% |
% Seniors | 19.4% | 16.2% |
% WFH | 13.9% | 152.7% |
% w/ College Degree | 32.4% | 4.2% |
As of the latest ACS Survey released in 2023, Swannanoa, NC is a predominantly white area, with 84.0% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Swannanoa, NC is hispanic, making up 6.4% of the population. Foreign-born residents account for 4.1% of the population in Swannanoa, NC, and this percentage has decreased by 26.8% 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 | 84.0% | -0.7% |
% Black | 5.8% | 75.8% |
% Hispanic | 6.4% | -30.4% |
% Asian | 1.4% | 55.6% |
% Foreign Born | 4.1% | -26.8% |
Mortgage and Risk — Swannanoa, NC
According to HUD data as of 2023, there were 143 mortgage originations in Swannanoa, NC, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Swannanoa, NC. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 143 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Swannanoa, NC
Swannanoa, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 259 |
Total Units Section 8 | 259 |
% Rentals under Section 8 | 11.8% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,200 | $1,350 |
| 2 Bedroom | -$80 | $1,600 | $1,520 |
| 3 Bedroom | -$50 | $2,000 | $1,950 |
| 4 Bedroom | N/A | N/A | $2,570 |
Affordability — Swannanoa, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $371,000 |
| Median Household Income | $72,700 |