Rental numbers for Buncombe County, NC
The typical home here runs -$1,687 a month at 7.78% with 25% down. 0 of 11 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.5%.
- Gross yield
- 4.6%
- typical home, Zillow
- Median ZIP yield
- 4.5%
- 11 ZIPs with full data
- Cash flow
- -$1,687/mo
- at 7.78%, 25% down
- Typical price
- $445,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,689/mo
- Zillow ZORI, Aug 2026
ZIP codes in Buncombe County
14 with published figures
| 28730Fairview | $519,000 | $3,055 | 7.1% | 4.2% | -$977 | n/a |
| 28709Barnardsville | $350,000 | $1,840* | 6.3% | 3.4% | -$905 | n/a |
| 28778Swannanoa | $360,000 | $1,855 | 6.2% | 3.2% | -$968 | n/a |
| 28806Asheville | $393,000 | $1,797 | 5.5% | 2.7% | -$1,242 | -0.4% |
| 28715Candler | $412,000 | $1,844 | 5.4% | 2.6% | -$1,311 | n/a |
| 28711Black Mountain | $465,000 | $1,775 | 4.6% | 1.9% | -$1,771 | n/a |
| 28805Asheville | $442,000 | $1,668 | 4.5% | 1.9% | -$1,691 | +2.3% |
| 28803Asheville | $438,000 | $1,637 | 4.5% | 1.9% | -$1,682 | -0.8% |
| 28787Weaverville | $464,000 | $1,711 | 4.4% | 1.8% | -$1,795 | -2.7% |
| 28704Arden | $433,000 | $1,575 | 4.4% | 1.8% | -$1,681 | +0.6% |
| 28701Alexander | $422,000 | $1,530* | 4.3% | 1.6% | -$1,710 | n/a |
| 28748Leicester | $426,000 | $1,370* | 3.9% | 1.4% | -$1,818 | n/a |
| 28801Asheville | $551,000 | $1,708 | 3.7% | 1.1% | -$2,460 | -0.0% |
| 28804Asheville | $584,000 | $1,652 | 3.4% | 1.0% | -$2,675 | +2.2% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- -4.3%
- Rent, 12 months
- +0.1%
- Rent minus price growth
- +4.4 pts
- Property tax
- 0.57%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $380,751 | $1,424 |
| Aug 2022 | $444,381 | $1,612 |
| Aug 2023 | $453,194 | $1,672 |
| Aug 2024 | $471,250 | $1,729 |
| Aug 2025 | $464,908 | $1,687 |
| Aug 2026 | $444,801 | $1,689 |
HUD Fair Market Rent
FY2027, Asheville, NC MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,482 | $1,714 | $1,866 | $2,223 | $3,109 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 32.3
- 3,290 units, last 12 months
- National percentile
- 97th
- among US counties
Tools
Test a listing in Buncombe County against today's rate.
Open the calculatorPart of the Asheville, NC metro.
Questions
- Is Buncombe County good for rental property?
- The typical home here runs -$1,687 a month at 7.78% with 25% down. 0 of 11 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.5%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Buncombe County?
- About 0.57% of value, from Census ACS median taxes paid over median home value. On a $445,000 home that is about $2,522 a year.
- What is Fair Market Rent in Buncombe County?
- HUD's FY2027 Fair Market Rent here is $1,714 for a 1-bedroom, $1,866 for a 2-bedroom and $2,223 for a 3-bedroom. Typical cash flow at today's rate is -$1,687 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.