Asheville, NC housing market
Typical home value
$444K
▼ 5.0% 1 yr
Typical rent
$1,726/mo
▲ 0.2% 1 yr
Gross rent yield
4.7%
U.S. 6.3%
5-year home value change
+13%
U.S. +20%
Key takeaways
- 1The typical home in Asheville is worth $444,478, down 5.0% over the past year and up 13% over five years.
- 2Typical rent is $1,726 a month (+0.2% YoY), a gross rent yield of 4.7% (below the Asheville, NC metro's 4.9%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,443/mo, $717 more than typical rent.
- 4Zillow forecasts the Asheville, NC metro's home values to change −0.8% over the next 12 months.
Market temperature (Asheville, NC metro)
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 25/100, #494 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Asheville compares
| Measure | Asheville | Asheville, NC metro | United States |
|---|---|---|---|
| Typical home value | $444,478 | $416,031 | $366,157 |
| Home value, 1-yr change | −5.0% | −3.3% | +1.2% |
| Typical rent | $1,726 | $1,702 | $1,932 |
| Rent, 1-yr change | +0.2% | +0.4% | +2.7% |
| Gross rent yield | 4.7% | 4.9% | 6.3% |
| Price-to-rent ratio | 21.5 | 20.4 | 15.8 |
| Mortgage P&I, typical home | $2,443 | $2,286 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Asheville rental, pre-filled.
Rent vs buy in Asheville
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $444K home.
Landlord in North Carolina? See North Carolina deposit, late fee and notice rules.
Other cities in the Asheville, NC metro
Hendersonville, NC
$406K home$1,674 rent
▼ 1.7% 1 yr
Arden, NC
$428K home$1,527 rent
▼ 4.2% 1 yr
Weaverville, NC
$458K home$1,668 rent
▼ 3.7% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.