Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$416,031−3.3% YoY · prices are falling fast
Market right nowBuyer's marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$90,187About 1.2× the local median income ($76,307): a stretch for a typical household
Days on market85 daysSlower than a year ago: buyers have time to negotiate
Next 12 months−0.8%Zillow expects prices to dip slightly
The typical home in Asheville, NC is worth $416,031, down 3.3% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $407,924, so the area is 2.0% overvalued. It is a buyer's market: homes take about 85 days to sell, listings are up 6% from a year ago, 26% of listings have had a price cut. Zillow expects prices to fall about 0.8% over the next year. A household needs about $90,187 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 $76,307. Typical rent is $1,702 a month, or $2,231 for a house. In the latest IRS figures, 2,388 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
$416,031
Change in 1 year
−3.3%
Overvalued %
+2.0%
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Fair home value
$407,924
Change in 5 years
+17.0%
Zillow forecast, next 12 months
−0.8%
Home value to income
5.5×
Monthly mortgage payment (20% down)
$2,255
Income needed to afford it
$90,187
Property tax rate
0.54%
Rent and investing
Typical rent
$1,702
Typical rent for houses
$2,231
Price-to-rent ratio
20.4×
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HUD Fair Market Rent, 2 bedrooms
$1,866
Gross rental yield
4.91%
Cap rate (estimate)
3.19%
Market activity
Listings vs a year ago
+5.9%
Days on market
85
Listings with a price cut
25.8%
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Homes for sale
2,878
Pending sales per 100 listings
23
Asking price per sq ft
$291
People and jobs
Median household income
$76,307
Population change (1 year)
−0.1%
Unemployment rate
4.0%
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Population
422,345
Income adjusted for cost of living
$79,075
Net moves in (IRS)
+2,388
Cost of living (US = 100)
96.5
Schools, risk and environment
School rating (1 to 10)
6.6
FEMA hazard risk score (0 to 100)
84.4
Unhealthy air days a year
0
Show 4 more
Flood risk score
87.1
Wildfire risk score
69.4
Walkability (1 to 20)
8.2
Road, rail and air noise
55 dB
Questions people ask
Is Asheville, NC overvalued?
Home prices in Asheville, NC are slightly above what local incomes have historically supported: fair value is about $407,924, so the area is 2.0% overvalued.
Is Asheville, NC a buyer's or seller's market?
Asheville, NC is a buyer's market: homes take about 85 days to sell, listings are up 6% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Asheville, NC?
Home values in Asheville, NC are down 3.3% over the last year. Zillow's forecast for the next 12 months is −0.8%.
How much do you need to earn to buy a home in Asheville, NC?
A household needs about $90,187 a year to afford the typical home in Asheville, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,307.