Weaverville, NC—28787
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Weaverville, NC
As of Oct '25, the median home price in Weaverville, NC is $475,000, with a year-over-year change of -0.7%. This indicates that home prices in Weaverville, NC are flat. 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 | $475,000 | -0.7% |
| Single Family | $477,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $298,000 | -3.6% |
2 Bed | $361,000 | -1.9% |
3 Bed | $484,000 | -0.8% |
4 Bed | $684,000 | 0.1% |
| 5 Bed | $859,000 | 0.0% |
% of Housing Stock
Rental Trends — Weaverville, NC
As of July '25, Rentcast reports the average rent in Weaverville, NC is $1,960, with a year-over-year rent change of -10.5%. Per bedroom, the median rent as of July '25 in Weaverville, NC is 1-bedrooms: $1,380, 2-bedrooms: $1,640, 3-bedrooms: $2,210, 4-bedrooms: $3,330. The most common rental property sizes in Weaverville, NC are 2-bedroom and 3-bedroom, accounting for 48.5% and 39.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,820 | $1,960 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,380 |
| 2 Bed Rent | $1,600 | $1,640 |
| 3 Bed Rent | $2,200 | $2,210 |
| 4 Bed Rent | $3,000 | $3,330 |
% of Rental Stock
Property Listings — Weaverville, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Weaverville, NC is 93. This is a increase of 65.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $555,000 | -1.0% |
Listing Count | 150 | 64.0% |
| Listings as % of Homes | 0.5% | 64.0% |
Days on Market | 93 | 65.0% |
Demographics — Weaverville, NC
As of the latest ACS Survey released in 2023, Weaverville, NC has a population of 22,700, which has increased by 6.4% over the past 5 years. Weaverville, NC is a moderately popular place for families, as children make up 17.0% of the population. The area has a moderately educated workforce, with 43.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,700 | 6.4% |
% Under 18 | 17.0% | -23.8% |
% Seniors | 24.3% | 11.0% |
% WFH | 19.9% | 50.8% |
% w/ College Degree | 43.8% | 23.7% |
As of the latest ACS Survey released in 2023, Weaverville, NC is a predominantly white area, with 85.4% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Weaverville, NC is hispanic, making up 9.6% of the population. Foreign-born residents account for 7.3% of the population in Weaverville, NC, and this percentage has increased by 97.3% 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 | 85.4% | -5.6% |
% Black | 2.2% | 214.3% |
% Hispanic | 9.6% | 68.4% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 7.3% | 97.3% |
Mortgage and Risk — Weaverville, NC
According to HUD data as of 2023, there were 399 mortgage originations in Weaverville, NC, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Weaverville, NC. Investor activity is low, as 1.0% 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 | 399 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Weaverville, NC
As of 2024, the percent of homes in Weaverville, NC under the Section 8 program is 2.5%. 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. In Weaverville, NC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 49 |
Total Units Section 8 | 49 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,400 | $1,350 |
| 2 Bedroom | -$80 | $1,600 | $1,520 |
| 3 Bedroom | -$250 | $2,200 | $1,950 |
| 4 Bedroom | -$430 | $3,000 | $2,570 |
Affordability — Weaverville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $475,000 |
| Median Household Income | $75,100 |