Asheville housing market
Typical home value
$416K
▼ 3.3% 1 yr
Typical rent
$1,702/mo
▲ 0.4% 1 yr
12-month forecast
−0.8%
#508 of 546 metros
Gross rent yield
4.9%
#419 of 546 · U.S. 6.3%
Days to pending
97 days
▲ +16 days 1 yr
Listings with a price cut
27%
▼ −1.1 pts 1 yr
Key takeaways
- 1The typical home is worth $416,031, down 3.3% in a year and up 17% over five years.
- 2Zillow forecasts home values falling 0.8% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,702/mo (+0.4% YoY), a 4.9% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,286/mo in principal and interest, $584 more than renting.
- 5Homes go under contract in 97 days (+16 days vs last year); 27% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Asheville compares
| Measure | Asheville | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −3.3% | +1.2% | #540 |
| Home value, 5-yr change | +17.0% | +19.7% | |
| 12-month forecast | −0.8% | +1.1% | #508 |
| Rent, 1-yr change | +0.4% | +2.7% | #510 |
| Gross rent yield | 4.9% | 6.3% | #419 |
| Price-to-rent ratio | 20.4 | 15.8 | |
| Mortgage P&I on typical home | $2,286 | $2,012 | |
| Income needed to buy | $106,003 | $100,902 | |
| Days to pending | 97 | 56 |
Cities in the Asheville metro
4 cities with home value and rent data.
| Asheville | $444K | ▼ 5.0% | $1,726 | ▲ 0.2% | 4.7% |
| Hendersonville | $406K | ▼ 1.7% | $1,674 | ▲ 2.7% | 4.9% |
| Arden | $428K | ▼ 4.2% | $1,527 | ▼ 1.2% | 4.3% |
| Weaverville | $458K | ▼ 3.7% | $1,668 | ▲ 0.4% | 4.4% |
Run the numbers
Rental property calculator
Cash flow on a typical Asheville rental ($416K, $1,702/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Asheville home.
Rent vs buy
Is it cheaper to rent or buy in Asheville?
Renting out a property in North Carolina? See deposit limits, late fee rules and notice periods.
Other North Carolina metros
Charlotte, NC
$381K home$1,735 rent5.5% yield
▼ 0.8% 1 yr
Raleigh, NC
$428K home$1,669 rent4.7% yield
▼ 1.7% 1 yr
Greensboro, NC
$261K home$1,406 rent6.5% yield
▲ 0.8% 1 yr
Winston, NC
$278K home$1,529 rent6.6% yield
▲ 1.7% 1 yr
Durham, NC
$402K home$1,640 rent4.9% yield
▼ 2.5% 1 yr
Fayetteville, NC
$254K home$1,454 rent6.9% yield
▲ 0.3% 1 yr
Hickory, NC
$267K home$1,595 rent7.2% yield
▲ 1.7% 1 yr
Wilmington, NC
$443K home$1,744 rent4.7% yield
▲ 0.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.