Rental numbers for the Asheville, NC metro
The typical home here runs -$1,502 a month at 7.78% with 25% down. 0 of 18 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.0%.
- Gross yield
- 4.9%
- typical home, Zillow
- Median ZIP yield
- 5.0%
- 18 ZIPs with full data
- Cash flow
- -$1,502/mo
- at 7.78%, 25% down
- Typical price
- $419,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,696/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
34 with published figures
| 28730Fairview | $519,000 | $3,055 | 7.1% | 4.2% | -$977 | n/a |
| 28716Canton | $288,000 | $1,600 | 6.7% | 3.4% | -$729 | n/a |
| 28729Etowah | $428,000 | $2,290* | 6.4% | 3.5% | -$1,055 | 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 |
| 28786Waynesville | $342,000 | $1,749 | 6.1% | 3.2% | -$941 | n/a |
| 28732Fletcher | $450,000 | $2,197 | 5.9% | 3.1% | -$1,265 | n/a |
| 28726East Flat Rock | $292,000 | $1,370* | 5.6% | 2.6% | -$931 | n/a |
| 28806Asheville | $393,000 | $1,797 | 5.5% | 2.7% | -$1,242 | -0.4% |
| 28792Hendersonville | $371,000 | $1,691 | 5.5% | 2.7% | -$1,169 | +5.5% |
| 28715Candler | $412,000 | $1,844 | 5.4% | 2.6% | -$1,311 | n/a |
| 28790Zirconia | $399,000 | $1,720* | 5.2% | 2.6% | -$1,272 | n/a |
| 28739Hendersonville | $464,000 | $1,968 | 5.1% | 2.5% | -$1,541 | n/a |
| 28743Hot Springs | $324,000 | $1,370* | 5.1% | 2.0% | -$1,208 | n/a |
| 28791Hendersonville | $424,000 | $1,725 | 4.9% | 2.2% | -$1,520 | n/a |
| 28721Clyde | $338,000 | $1,370* | 4.9% | 2.0% | -$1,250 | n/a |
| 28731Flat Rock | $458,000 | $1,802 | 4.7% | 2.2% | -$1,640 | 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% |
| 28753Marshall | $368,000 | $1,370* | 4.5% | 1.9% | -$1,415 | n/a |
| 28773Saluda | $372,000 | $1,380* | 4.5% | 1.8% | -$1,438 | n/a |
| 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 |
| 28759Mills River | $525,000 | $1,810* | 4.1% | 1.7% | -$2,088 | n/a |
| 28754Mars Hill | $416,000 | $1,370* | 4.0% | 1.4% | -$1,740 | n/a |
| 28751Maggie Valley | $389,000 | $1,280* | 4.0% | 1.3% | -$1,672 | n/a |
| 28748Leicester | $426,000 | $1,370* | 3.9% | 1.4% | -$1,818 | n/a |
| 28785Waynesville | $390,000 | $1,240* | 3.8% | 1.2% | -$1,699 | n/a |
| 28801Asheville | $551,000 | $1,708 | 3.7% | 1.1% | -$2,460 | -0.0% |
| 28745Lake Junaluska | $441,000 | $1,270* | 3.5% | 1.0% | -$2,024 | n/a |
| 28804Asheville | $584,000 | $1,652 | 3.4% | 1.0% | -$2,675 | +2.2% |
| 28742Horse Shoe | $490,000 | $1,370* | 3.4% | 1.0% | -$2,215 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- -3.3%
- Rent, 12 months
- +0.7%
- Rent minus price growth
- +3.9 pts
- Property tax
- 0.55%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $355,343 | $1,411 |
| Aug 2022 | $413,110 | $1,587 |
| Aug 2023 | $420,704 | $1,656 |
| Aug 2024 | $438,886 | $1,719 |
| Aug 2025 | $433,387 | $1,685 |
| Aug 2026 | $419,186 | $1,696 |
Counties
- Buncombe County, NC4.5% median yield
- Haywood County, NC6.4% median yield
- Henderson County, NC5.1% median yield
- Madison County, NCn/a median yield
- Polk County, NCn/a median yield
Tools
Test a listing in the Asheville, NC area against today's rate.
Open the calculatorQuestions
- Is the Asheville, NC metro good for rental property?
- The typical home here runs -$1,502 a month at 7.78% with 25% down. 0 of 18 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.0%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Asheville, NC metro have the highest rental yield?
- 28730 (Fairview) at 7.1%, 28716 (Canton) at 6.7%, 28778 (Swannanoa) at 6.2%, on Zillow value and rent. The full table above sorts by any column.
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.
- 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.
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.