Housing
Home prices and rent in Asheville
Median home values, rents and incomes from the U.S. Census Bureau, compared with North Carolina and the U.S.
Census geography: Asheville city, North Carolina. These survey estimates are not current listing prices.
Asheville vs. North Carolina and the U.S.
| Asheville | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $440,000 | $288,900 | $332,700 |
| Median rent (monthly) | $1,402 | $1,228 | $1,413 |
| Median household income | $71,102 | $72,388 | $80,734 |
| Homes owned by occupants | 52% | 67% | 65% |
| Median year built | 1982 | 1991 | 1980 |
Ten years of change
| 2014 | 2019 | 2024 | |
|---|---|---|---|
| Median home value | $198,400 | $270,400 | $440,000 |
| Median rent (monthly) | $852 | $1,043 | $1,402 |
| Median household income | $44,077 | $49,930 | $71,102 |
Fair Market Rents (HUD, fiscal year 2027)
Asheville, NC MSA · Buncombe County. HUD's payment benchmarks for housing programs: typical gross rent (rent plus utilities) for a recent mover, not a listing or an asking rent.
Large figures are the metro-area Fair Market Rent.
Income limits (HUD, fiscal year 2026)
Area median family income: $103,200. Households at or under these incomes can qualify for many housing programs; check each program's own rules.
| Household size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Low income (80%) | $57,350 | $65,550 | $73,750 | $81,900 | $88,500 | $95,050 | $101,600 | $108,150 |
| Very low income (50%) | $35,850 | $40,950 | $46,050 | $51,200 | $55,300 | $59,400 | $63,500 | $67,550 |
| Extremely low income (30%) | $21,500 | $24,600 | $27,650 | $33,000 | $38,680 | $44,360 | $50,040 | $55,720 |
Source: U.S. Department of Housing and Urban Development, Fair Market Rents and Income Limits, checked October 9, 2026.
Questions
What is the median home value in Asheville?
$440,000, according to the Census Bureau’s 2024 American Community Survey (5-year estimates), compared with $288,900 in North Carolina and $332,700 nationally.
How much is rent in Asheville?
Median gross rent (rent plus utilities) is $1,402 a month, versus $1,228 statewide.
How much have home values risen in Asheville?
The median home value went from $198,400 in 2014 to $440,000 in 2024 (+122%).
What is fair market rent in Asheville?
HUD's fiscal year 2027 Fair Market Rent for the Asheville, NC MSA is $1,482 for a studio, $1,714 for one bedroom and $1,866 for two bedrooms. These are HUD program benchmarks, not asking rents.
Are these current market prices?
No. They are survey medians from the Census Bureau, based on a five-year survey period, so they lag today’s listings. They are the most consistent way to compare places and track change over time.
U.S. Census Bureau, American Community Survey 5-year estimates (2014, 2019, 2024), Asheville city, North Carolina. Values are estimates with margins of error.