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Asheville city, NC

ZIP 28805 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28805

Median Home Value
$360,600
Median Rent
$1,043
Affordability Snapshot
$99,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,316/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.4x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

28.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 28805 in Asheville city, NC, a household would need roughly $99,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,316. That is about 48% above the local median household income ($67,104), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 19% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
63.1%-4% vs US avg
x
Vacancy Rate
19.1%+86% vs US avg
x
Broadband Access
82.9%-5% vs US avg
x
4+ Bedrooms
1.7%-89% vs US avg
x
Built Pre-1939
5.4%-58% vs US avg
x
Built Post-2014
2.0%-71% vs US avg
x
Rent Burden >30%
23.9%-52% vs US avg
x
Mortgage-Free
47.9%+25% vs US avg
x
$360,600
Home Value
$1,043
Rent
1984
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached62.0%
  • 1-unit attached4.2%
  • 2-9 units13.5%
  • 10+ units10.0%
  • Mobile home & other10.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$360,600
Median rent$1,043
Owner-occupied63.1%
Vacant19.1%
Price-to-income5.4x
Est. income to buy$99,000