Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$462,178−2.0% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 18% have cut their price
Income needed to buy, per year$100,191About 1.4× the local median income ($71,679): a stretch for a typical household
Days on market101 daysSlower than a year ago: buyers have time to negotiate
The typical home in Transylvania County, NC is worth $462,178, down 2.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $412,875, so the area is 11.9% overvalued. It is a buyer's market: homes take about 101 days to sell, listings are up 14% from a year ago, 18% of listings have had a price cut. A household needs about $100,191 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,679. In the latest IRS figures, 280 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$462,178
Change in 1 year
−2.0%
Overvalued %
+11.9%
Show 6 more
Fair home value
$412,875
Change in 5 years
+29.8%
Home value to income
6.4×
Monthly mortgage payment (20% down)
$2,505
Income needed to afford it
$100,191
Property tax rate
0.45%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,386
Market activity
Listings vs a year ago
+14.3%
Days on market
101
Listings with a price cut
18.5%
Show 3 more
Homes for sale
384
Pending sales per 100 listings
17
Asking price per sq ft
$326
People and jobs
Median household income
$71,679
Population change (1 year)
+0.0%
Unemployment rate
2.8%
Show 4 more
Population
34,211
Income adjusted for cost of living
$81,085
Net moves in (IRS)
+280
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
8.0
FEMA hazard risk score (0 to 100)
64.2
Flood risk score
67.1
Show 3 more
Wildfire risk score
44.0
Walkability (1 to 20)
6.1
Road, rail and air noise
54 dB
Questions people ask
Is Transylvania County, NC overvalued?
Home prices in Transylvania County, NC are well above what local incomes have historically supported: fair value is about $412,875, so the area is 11.9% overvalued.
Is Transylvania County, NC a buyer's or seller's market?
Transylvania County, NC is a buyer's market: homes take about 101 days to sell, listings are up 14% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Transylvania County, NC?
Home values in Transylvania County, NC are down 2.0% over the last year.
How much do you need to earn to buy a home in Transylvania County, NC?
A household needs about $100,191 a year to afford the typical home in Transylvania County, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,679.