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Asheville, NC—28801

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$561,000
2.9% YoY Growth
Household Income
$51,100
52.6% YoY Growth
Days on Market
43
10.0% Shorter YoY
Home Price Forecast
-0.6%
Median Rent
$1,800
15.2% YoY Growth
1-Bed Rent
$1,520
4.3% YoY Growth
2-Bed Rent
$1,800
6.1% YoY Growth
3-Bed Rent
$2,400
8.2% YoY Growth

Other Zip Codes in Asheville, NC

28805288042880628803
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Asheville, NC

As of May '26, the median home price in Asheville, NC is $561,000, with a year-over-year change of -2.9%. This indicates that home prices in Asheville, NC are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$561,000-2.9%
Single Family $554,000-3.3%
Condos $593,0001.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $439,000
    -1.6%
    2 Bed
    		$472,000-3.1%
    3 Bed
    		$593,000-3.3%
    4 Bed
    		$812,000-3.0%
    5 Bed $1,119,539-3.1%
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    % of Housing Stock

    Studio
    22.2%
    1 Bedroom
    13.1%
    2 Bedrooms
    23.9%
    3 Bedrooms
    28.7%
    4 Bedrooms
    10.0%
    5+ Bedrooms
    2.0%

    Rental Trends — Asheville, NC

    As of July '25, Rentcast reports the average rent in Asheville, NC is $1,950, with a year-over-year rent change of -15.2%. Per bedroom, the median rent as of July '25 in Asheville, NC is studios: $1,370, 1-bedrooms: $1,560, 2-bedrooms: $2,160, 3-bedrooms: $2,700, 4-bedrooms: $3,560. The most common rental property sizes in Asheville, NC are 2-bedroom and 1-bedroom, accounting for 28.8% and 26.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,800$1,950
    Studio Rent $1,300$1,370
    1 Bed Rent $1,520$1,560
    2 Bed Rent $1,800$2,160
    3 Bed Rent $2,400$2,700
    4 Bed Rent $3,500$3,560
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    % of Rental Stock

    Studio
    26.2%
    1 Bedroom
    26.5%
    2 Bedrooms
    28.8%
    3 Bedrooms
    17.1%
    4 Bedrooms
    1.3%
    5+ Bedrooms
    0.1%

    Property Listings — Asheville, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Asheville, NC is 43. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$795,0006.0%
    Listing Count
    		14311.0%
    Listings as % of Homes0.6%11.0%
    Days on Market
    		43-10.0%
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    Demographics — Asheville, NC

    As of the latest ACS Survey released in 2023, Asheville, NC has a population of 13,600, which has remained stable by -0.8% over the past 5 years. Asheville, NC is a less popular place for families, as children make up 12.0% of the population. The area has a highly educated workforce, with 53.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 25.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		13,600-0.8%
    % Under 18
    		12.0%-13.0%
    % Seniors
    		18.0%18.4%
    % WFH
    		25.0%119.3%
    % w/ College Degree
    		53.2%19.3%
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    As of the latest ACS Survey released in 2023, Asheville, NC is a predominantly white area, with 74.3% of the population identifying as white. The white population has grown by 10.1% in the last 5 years. The second most common race or ethnicity in Asheville, NC is black, making up 17.0% of the population. Foreign-born residents account for 2.7% of the population in Asheville, NC, and this percentage has decreased by 25.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		74.3%10.1%
    % Black
    		17.0%-32.8%
    % Hispanic
    		2.1%-22.2%
    % Asian
    		0.6%-53.8%
    % Foreign Born
    		2.7%-25.0%
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    Mortgage and Risk — Asheville, NC

    According to HUD data as of 2023, there were 135 mortgage originations in Asheville, NC, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Asheville, NC. Investor activity is low, as 6.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		135
    % Conventional Loans
    		96.0%
    % Government Loans
    		4.0%
    % Investor Loans
    		6.0%
    % Second Loans
    		11.0%
    % Cash Out Refinance
    		5.0%
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    Rentals and Section 8 — Asheville, NC

    As of 2024, the percent of homes in Asheville, NC under the Section 8 program is 43.4%. This is considered high, suggesting that the neighborhood is heavily 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 Asheville, 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
    		783
    Total Units Section 8
    		756
    % Rentals under Section 8
    		43.4%
    % Occupied Section 8
    		82.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$50$1,520$1,570
    2 Bedroom-$40$1,800$1,760
    3 Bedroom-$140$2,400$2,260
    4 Bedroom-$520$3,500$2,980

    Affordability — Asheville, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio11.1
    Median Home Price$561,000
    Median Household Income$51,100

    Asheville, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Asheville, NC

    28804

    Asheville, NC

    28806

    Asheville, NC

    28803

    Asheville, NC

    28805

    Arden, NC

    28704

    Frequently Asked Questions