Cost of Living,
Asheville's Real Estate Market
Asheville Metro Area
Profile: Mid-sized city Location: Far western North Carolina, 30 miles southeast of Tennessee border, near Great Smoky Mountains National Park Elevation: 2207 Time zone: Eastern Standard Time
|Attractive setting||Home prices|
|Attractive downtown||Air service|
|Nearby mountains||Winter cold|
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Asheville lies at the foot of the Great Smoky Mountains, the highest portion of the Appalachian Range. The town is an eastern equivalent of the many mountain resort towns that dot the American west, particularly in the Rocky Mountains. Originally settled in the 1850’s as a health resort, Asheville has an interesting history- in the late 1800’s and especially the 1920’s the area was a popular retreat for wealthy vacationers, including eight presidents and many well-known industrialists. Today the area has an active economy and serves both as a getaway from summer heat in the nearby lowlands and as a travel destination for many in east coast cities.
Although there is some manufacturing, led by GE lighting systems, the economy is largely supported by hospitality, education and health care. The area attracts educated young professionals, artisans and active retirees. The attractive downtown offers a mix of modern and Art-Deco buildings and an assortment of trendy restaurants and live-entertainment venues. There are several resorts and planned communities surrounding the city and especially to the north and west. The city has controlled urban sprawl better than many of its type. At most times of the year, except winter, tourists can make the area feel crowded. Because of its inland location and higher elevation, the area sees considerably more below-freezing weather than nearby regions. Overall, the area scores well in most categories with no major downsides.
The city of Asheville sprawls along both banks of the French Broad River, near the center of the French Broad Basin. Mountain ridges to the east and west flank the entire valley with peaks from 2,000 feet to 4,400 feet above the valley floor. At the Carolina–Tennessee border, 25 miles northwest, the relatively high Appalachian/Great Smoky Mountain ridge blocks the northern end of the valley. The Blue Ridge rises about 30 miles south. Mixed vegetation grows in the valley, with densely wooded foothills and mountains surrounding the city, particularly to the north and west. The invigorating climate offers considerable temperature variation from day to day in all seasons. Summers are warm and humid, but the elevation and nearby mountains cause some cooling, particularly in the evenings. The high mountains to the northwest block precipitation and cold fronts in the winter. Precipitation in Asheville, particularly northwest of the immediate city, is the lowest in North Carolina. Significant snowfall is uncommon. Heavy Gulf rains can cause flooding in the river valley. First freeze is late October, last is mid-April.
Interesting Facts about Asheville, North Carolina
As of 2014, Asheville's population is 83,796 people. Since 2000, it has had a population growth of 13.12 percent.--------------------
The median home cost in Asheville is $175,600. Home appreciation the last year has been 4.00 percent.--------------------
Compared to the rest of the country, Asheville's cost of living is 1.90% Higher than the U.S. average.--------------------
Asheville public schools spend $10,349 per student. The average school expenditure in the U.S. is $12,435. There are about 13.5 students per teacher in Asheville.--------------------
The unemployment rate in Asheville is 4.10 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Asheville jobs have Increased by 2.30 percent.
Ranked #8 2005 Best Places to Live
Ranked #25 Best Green Cities
Ranked #32 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
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Average Commute time is 18 minutes. The National Average is 25 minutes.--------------------
Asheville's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes