Asheville, NC Metro Area - Investment Guide
Metro Area • 26 Cities • 34 ZIP Codes
Avg Home Value
$425,010
Avg Monthly Rent
$1,679
Avg Cap Rate
3.11%
Avg Investability
3.0 ★
Cities
26
ZIP Codes
34
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
☀️
WARM MARKET
Asheville, NC Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
8.0%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Asheville, NC
Every ZIP in the metro, ranked four ways. Free.
Cities in Asheville, NC
Alexander
North Carolina
1 ZIPs
Arden
North Carolina
1 ZIPs
Barnardsville
North Carolina
1 ZIPs
Black Mountain
North Carolina
1 ZIPs
Candler
North Carolina
1 ZIPs
Canton
North Carolina
1 ZIPs
Clyde
North Carolina
1 ZIPs
East Flat Rock
North Carolina
1 ZIPs
Etowah
North Carolina
1 ZIPs
Fairview
North Carolina
1 ZIPs
Flat Rock
North Carolina
1 ZIPs
Fletcher
North Carolina
1 ZIPs
Hendersonville
North Carolina
3 ZIPs
Horse Shoe
North Carolina
1 ZIPs
Hot Springs
North Carolina
1 ZIPs
Lake Junaluska
North Carolina
1 ZIPs
Leicester
North Carolina
1 ZIPs
Maggie Valley
North Carolina
1 ZIPs
Mars Hill
North Carolina
1 ZIPs
Marshall
North Carolina
1 ZIPs
Mills River
North Carolina
1 ZIPs
Saluda
North Carolina
1 ZIPs
Swannanoa
North Carolina
1 ZIPs
Waynesville
North Carolina
2 ZIPs
Weaverville
North Carolina
1 ZIPs
Zirconia
North Carolina
1 ZIPs
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 28731 | Flat Rock | NC | $466,675 | $1,807 | 3.02% | |
| 28786 | Waynesville | NC | $342,914 | $1,538 | 3.50% | |
| 28704 | Arden | NC | $443,207 | $1,554 | 2.74% | |
| 28745 | Lake Junaluska | NC | $435,708 | $1,143 | 2.05% | |
| 28801 | Asheville | NC | $559,200 | $1,822 | 2.54% | |
| 28721 | Clyde | NC | $333,940 | $1,233 | 2.88% | |
| 28754 | Mars Hill | NC | $424,973 | $1,628 | 2.99% | |
| 28806 | Asheville | NC | $408,205 | $1,781 | 3.40% | |
| 28726 | East Flat Rock | NC | $294,880 | $1,233 | 3.26% | |
| 28759 | Mills River | NC | $534,105 | $2,958 | 4.32% | |
| 28732 | Fletcher | NC | $456,844 | $2,084 | 3.56% | |
| 28787 | Weaverville | NC | $472,352 | $1,624 | 2.68% | |
| 28709 | Barnardsville | NC | $357,183 | $1,656 | 3.62% | |
| 28748 | Leicester | NC | $421,754 | $1,500 | 2.77% | |
| 28803 | Asheville | NC | $453,224 | $1,780 | 3.06% | |
| 28711 | Black Mountain | NC | $476,455 | $1,861 | 3.05% | |
| 28751 | Maggie Valley | NC | $378,100 | $1,152 | 2.38% | |
| 28804 | Asheville | NC | $602,862 | $1,717 | 2.22% | |
| 28729 | Etowah | NC | $419,399 | $2,061 | 3.83% | |
| 28773 | Saluda | NC | $374,666 | $1,242 | 2.59% | |
| 28739 | Hendersonville | NC | $474,156 | $1,754 | 2.89% | |
| 28790 | Zirconia | NC | $394,257 | $1,548 | 3.06% | |
| 28715 | Candler | NC | $419,698 | $1,847 | 3.43% | |
| 28753 | Marshall | NC | $363,088 | $1,233 | 2.65% | |
| 28805 | Asheville | NC | $453,333 | $1,709 | 2.94% | |
| 28730 | Fairview | NC | $537,539 | $1,251 | 1.82% | |
| 28778 | Swannanoa | NC | $367,108 | $1,947 | 4.14% | |
| 28701 | Alexander | NC | $427,200 | $1,377 | 2.51% | |
| 28742 | Horse Shoe | NC | $498,539 | $1,233 | 1.93% | |
| 28791 | Hendersonville | NC | $427,679 | $2,138 | 3.90% | |
| 28704 | Arden | NC | $444,677 | $1,611 | 2.83% | |
| 28743 | Hot Springs | NC | $324,820 | $1,233 | 2.96% | |
| 28792 | Hendersonville | NC | $372,990 | $1,777 | 3.72% | |
| 28716 | Canton | NC | $293,978 | $1,625 | 4.31% | |
| 28754 | Mars Hill | NC | $408,947 | $1,898 | 3.62% | |
| 28806 | Asheville | NC | $404,207 | $1,922 | 3.71% | |
| 28731 | Flat Rock | NC | $464,885 | $1,233 | 2.07% | |
| 28785 | Waynesville | NC | $395,635 | $1,116 | 2.20% | |
| 28732 | Fletcher | NC | $446,446 | $2,517 | 4.40% | |
| 28786 | Waynesville | NC | $346,824 | $1,566 | 3.52% | |
| 28709 | Barnardsville | NC | $352,354 | $1,656 | 3.67% | |
| 28745 | Lake Junaluska | NC | $450,450 | $1,143 | 1.98% | |
| 28801 | Asheville | NC | $559,765 | $1,845 | 2.57% | |
| 28721 | Clyde | NC | $345,532 | $1,233 | 2.78% | |
| 28759 | Mills River | NC | $527,237 | $1,629 | 2.41% | |
| 28726 | East Flat Rock | NC | $300,565 | $1,233 | 3.20% | |
| 28773 | Saluda | NC | $364,315 | $1,242 | 2.66% | |
| 28739 | Hendersonville | NC | $453,398 | $1,814 | 3.12% | |
| 28787 | Weaverville | NC | $472,848 | $1,735 | 2.86% | |
| 28711 | Black Mountain | NC | $476,447 | $1,332 | 2.18% |
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About Asheville, NC Real Estate Market
The Asheville, NC metropolitan statistical area (MSA) encompasses 26 cities and 34 ZIP codes. The average home value across the metro is $425,010, with an average monthly rent of $1,679. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.