Asheville, NC · North Carolina
Buncombe County
271,790 residents1,806 permits TTM$70,578 median HHI16 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$360,000
ACS 5-Year
Cap rate proxy
4.3%
FMR × 0.65 ÷ Home Value
Rent-to-income
21.8%
HUD FMR ÷ ACS HHI
Net migration
+2.47%
IRS SOI
Permits (TTM)
1,806
Census BPS
Climate risk
89.3
FEMA NRI (0–100)
ZIP code breakdown16 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 28709 | — | — | — | 4.3% | 18.3% |
| 28757 | — | — | — | 4.3% | 18.3% |
| 28770 | — | — | — | 4.3% | 18.3% |
| 28806 | — | — | — | 5.2% | -11.9% |
| 28778 | — | — | — | 6.2% | -22.0% |
Ranked by composite score
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Demographics
Owner-occupied
64.4%
Census ACS
Vacancy rate
22.3%
Census ACS
Bachelor's degree +
44.6%
Census ACS
Rent burdened
48.9%
Census ACS (>30% income)
Median age
42.4
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 28, 2026