Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 91,902 people, 39,697 houses or apartments, and a median cost of homes of $307,844, Asheville real estate is some of the most expensive in North Carolina, although Asheville home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Asheville, accounting for 54.63% of the city's housing units. Other types of housing that are prevalent in Asheville include large apartment complexes or high rise apartments ( 25.61%), duplexes, homes converted to apartments or other small apartment buildings ( 12.18%), and a few mobile homes or trailers ( 3.99%).
People in Asheville primarily live in small (one, two or no bedroom) single-family detached homes. Asheville has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Asheville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Asheville built between 1940-1969 ( 26.14%). A lesser amount of the housing stock also hails from before 1939 ( 20.69%). There's also some housing in Asheville built between 2000 and later ( 18.36%).
In the last 10 years, Asheville has experienced some of the highest home appreciation rates of any community in the nation. Asheville real estate appreciated 33.65% over the last ten years, which is an average annual home appreciation rate of 2.94%, putting Asheville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Asheville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Asheville's appreciation rate, at 4.65%, has been at or slightly above the national average. In the latest quarter, Asheville's appreciation rate has been -0.33%, which annualizes to a rate of -1.32%.
Notably, Asheville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Asheville's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Asheville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Asheville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Asheville real estate investment or home purchase decisions.
|$953,001 - $1,271,000||2.1|
|$636,001 - $953,000||6.5|
|$509,001 - $636,000||7.7|
|$382,001 - $509,000||14.0|
|$254,001 - $382,000||25.8|
|$127,001 - $254,000||34.4|
|$64,001 - $127,000||4.6|
|$0 - $64,000||3.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
2000 Q1 - 2019 Q1
|* 10 is highest|
|AGE OF Asheville HOMES|
|2000 or Newer||18.4|
|1970 - 1999||34.8|
|1940 - 1969||26.1|
|1939 or Older||20.7|
|TYPE OF Asheville HOMES|
|Small Apt. Buildings||12.2|
|SIZE OF Asheville HOMES|
|5 or more bedrooms||2.31|