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Asheville

Learn about the people, housing, costs and businesses in Asheville

Median Home$391,881
Median Rent$1,245/month
Population414,711
Leading IndustriesEducation · Arts, Food & Hospitality · Wholesale Trade3% education
Home Value Growth⬆⬆+17.7% over 2 years
Retirees23% of residentswell above average
Homeowners70% of occupied units
NotableAmenity Score69/100 · highly walkable area
NotableHighly Educated25% hold a bachelor's degree · top 15% nationally
Asheville

Frequently Asked Questions

What are today's mortgage rates in Asheville?

Mortgage rates for Asheville are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Asheville?

The median home value in Asheville is $392k. The median monthly rent is $1,245. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Asheville?

Home values in Asheville have increased 17.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Asheville?

Based on a typical all-in ownership cost of $1,186/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Asheville is $74k/year.

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What industries drive the economy in Asheville?

The largest employment sectors in Asheville are public administration (24%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.