House Charts

Asheville, NC Housing Market: Home Prices & Rent

Updated September 2026 data · metro area
Asheville, NC home values are down 3.3% over the past year, to a typical $416k - 6% below the February 2025 peak. Typical rent is $1,702 a month (+0.4% in a year).
Typical home value
$416k
-3.3% (-$14k) in 12 months
From the peak
-6%
Peak $442k, Feb 2025
Since Dec 2019
+47%
from $282k
Typical rent
$1,702/mo
+0.4% in 12 months
Income needed to buy
$106k/yr
20% down, 30% of income
Days to go under contract
97
September 2026

Asheville, NC home values since 2000

$100k$200k$300k$400k2000200420082012201620202024Peak $442k (Feb 2025)Now $416k

Last few years

$300k$350k$400k$450k20192020202120222023202420252026Peak $442k (Feb 2025)Now $416k

Rent in Asheville, NC

$1,000$1,250$1,500$1,750201520172019202120232025Now $1,702

Owning vs renting, monthly

Buying the typical Asheville, NC home with 20% down at this week's 7.32% 30-year rate costs about $2,806/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,702/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

Asheville, NC vs North Carolina vs the U.S.

Typical home12-month changeTypical rent
This metro$416k-3.3%$1,702/mo
North Carolina$332k-0.2%-
United States$366k+1.2%$1,932/mo

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Common questions

Are home prices falling in Asheville, NC?

Yes - the typical Asheville, NC-area home value is down 3.3% over the past 12 months, at $416k (September 2026). Values are 6% below their February 2025 peak of $442k.

Is the Asheville, NC housing market crashing?

Home values are 6% below their February 2025 peak and down 3.3% over the past year - a gradual decline, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.

How much is rent in Asheville, NC?

Typical rent in the Asheville, NC metro is $1,702 a month (September 2026), +0.4% over 12 months.

How much income do you need to buy a home in Asheville, NC?

About $106k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).

Nearby and similar metros

Charlotte, NC · Raleigh, NC · Greensboro, NC · Winston, NC · Durham, NC · Wilmington, NC · Spokane, WA · Austin, TX · Ann Arbor, MI · Billings, MT

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Asheville, NC metro area. How we calculate.