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Market MapAsheville, NC
Metropolitan Area

Asheville, NC

North Carolina04 counties
44
/100
Avoid
#799 of 894 metros
Top 89% nationally for investing

Market Snapshot

$418,904
Median Home Price
72% above national median
$1,794/mo
Median Rent
29% above national median
5.14%
Rent-to-Price Ratio
Top 72% nationally
-$1,030
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$418,904
Down Payment (20%)$83,781
Loan Amount$335,123
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,794
Monthly P&I-$2,196
Est. Expenses (35%)-$628
Net Cash Flow-$1,030/mo
3.3%
Cap Rate (all cash)
-12.8%
Cash-on-Cash Return
5.14%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.3% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
44/100
44
Cash Flow(30%)
47/100

Based on 5.14% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
36/100

Based on -3.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
40/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)
  • +Multiple counties (4) for portfolio diversification

Challenges

  • -Below-average rent-to-price ratio (5.14%)
  • -Declining home values (-3.0% YoY)
  • -Negative cash flow at typical financing (-$1,030/mo)
  • -Negative leverage (cap rate 3.3% < mortgage rate 6.9%)

Counties in Asheville, NC

Best Overall
Henderson
NC - Score: 48
Most Affordable
Haywood
NC - Score: 45
Verdict
HendersonNC
116,46948$416,291$2,1496.19%HoldView
HaywoodNC
62,15245$339,810$1,5165.35%HoldView
MadisonNC
21,41444$388,132$1,5954.93%AvoidView
BuncombeNC
269,44940$449,409$1,7864.77%AvoidView

Click any county to see detailed investment analysis

Compare to Similar Metros

Metro AreaVerdict
New Orleans, LA
New Orleans, LA
64$252,775$1,5987.59%BuyView
Winston, NC
Winston, NC
64$270,694$1,5306.78%BuyView
Cincinnati, OH
Cincinnati, OH
64$297,208$1,5396.22%BuyView
Oklahoma City, OK
Oklahoma City, OK
64$239,569$1,3466.74%BuyView
Lexington, KY
Lexington, KY
64$314,686$1,5866.05%BuyView
Current
Asheville, NC
44$418,904$1,7945.14%Avoid

The Bottom Line

AvoidAsheville, NC may be challenging for traditional rentals. High prices or low rents make cash flow difficult. Look for specific counties with better ratios.

The Asheville, NC metro area scores 44/100, ranking #799 of 894 US metros (top 89%). The 5.14% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Among 4 counties, Henderson shows the strongest investment potential (score: 48). Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-1,030/mo
Cap Rate
3.3%
Cash-on-Cash
-14.8%

Ready to Invest in Asheville, NC?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

Single Family1-4 unit rentalsHouse HackOwner-occupiedMultifamily5+ unit propertiesBest CountyHenderson
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