Property Prices in Asheville, NC, United States

Index Info
Price to Income Ratio: 4.59
Mortgage as Percentage of Income: 40.80%
Loan Affordability Index: 2.45
Price to Rent Ratio - City Centre: 7.11
Price to Rent Ratio - Outside of Centre: 9.13
Gross Rental Yield (City Centre): 14.07%
Gross Rental Yield (Outside of Centre): 10.95%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,161.11 $ 1,500.00-3,000.00
Apartment (1 bedroom) Outside of Centre 1,612.50 $ 1,500.00-2,000.00
Apartment (3 bedrooms) in City Centre 4,312.50 $ 3,000.00-6,000.00
Apartment (3 bedrooms) Outside of Centre 2,962.50 $ 2,500.00-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 326.47 $ 299.98-482.46
Price per Square Feet to Buy Apartment Outside of Centre 301.18 $ 299.98-380.50
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,681.79 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.42 5.00-7.00

These data are based on 105 entries from 29 contributors over the past 18 months.
Last update: 24 June 2025

Sources and References
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