Asheville - NC housing market
The Asheville metro has a typical home value of $419,186, down 3.3% from a year ago. Homes are sitting 54 days on average, buyers have negotiating room. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.
Asheville housing market, October 2026
The typical Asheville home is worth $419,186 as of August 2026, down 0.3% from the prior month, down 1.0% over three months, and down 3.3% from a year ago. Over the past two years values have ranged from $419,186 to $443,494.
Homes are going pending in about 54 days, slower than the 37 days seen three months earlier. There are roughly 3,859 homes for sale, 4% more than a year ago. 26.3% of listings have taken a price cut (up from 23.0% three months ago).
Typical rent is $1,696 a month, up 0.6% year over year, which puts the price-to-rent ratio at 20.6.
At this week's 7.40% mortgage rate with 20% down ($83,837), the typical Asheville home costs about $2,846 a month including tax and insurance, which needs a household income of roughly $122,000 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($419,186) is the Zillow Home Value Index for the Asheville - NC metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 3.3% over the past year. A home worth $433,491 last year is now worth roughly $419,186.
The median sale price, what homes actually close for, is $438,497. Homes are selling at 97.0% of list price, meaning buyers have room to negotiate.
Homes listed in Asheville - NC sit on the market for roughly 54 days before going pending. Shorter = seller's market; longer = buyer's market.
About 26.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 709 new listings hit the market each month in Asheville - NC. There are currently 3,859 homes for sale, up 4.5% from a year ago.
The typical monthly rent in Asheville - NC is $1,696, up 0.6% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 20.6x, renting territory (#44 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,322 a month in principal and interest, $626 more than renting before taxes, insurance and upkeep. The two break even at a 4.48% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
Protect what you own.
Sponsored links. See our affiliate disclosure.
Other metros in NC
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Charlotte - NC | $384,458 | -0.5% | 33.0d |
| Raleigh - NC | $431,269 | -1.8% | 28.0d |
| Greensboro - NC | $263,188 | +1.0% | 20.0d |
| Winston - NC | $280,379 | +2.1% | 22.0d |
| Durham - NC | $405,282 | -2.2% | 29.0d |
| Fayetteville - NC | $255,537 | +0.4% | 28.0d |