The housing market in Asheville, NC Metro Area is thriving. The median value of homes is significantly higher than the US national average at $398,900 compared to $338,100 respectively. This means that real estate in the region is in high demand and growing in value. Furthermore, house appreciation in Asheville over the last year was 17.32%, much higher than the national average of 8.27%. This demonstrates that this area is an especially strong area for those looking to invest in real estate or purchase a home.
The median home cost in Asheville Metro Area is $398,900. Home appreciation the last 10 years has been 115.8%. Home Appreciation in Asheville Metro Area is up 22.2%.
Average Age of Homes
- The median age of Asheville Metro Area real estate is 33 years old
The Rental Market in Asheville Metro Area
- Renters make up 26.9% of the Asheville Metro Area population
- 2.2% of houses and apartments in Asheville Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.