Asheville, NC · North Carolina
Madison County
ZIP 28754
21,640 residents137 permits TTM$58,628 median HHI3 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$263,500
ACS 5-Year
Cap rate proxy
3.5%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.6%
HUD FMR ÷ ACS HHI
Net migration
+1.41%
IRS SOI
Permits (TTM)
137
Census BPS
Climate risk
27.4
FEMA NRI (0–100)
ZIP 28754
Median home value
—
Gross yield
—
Cap rate
5.6%
Rent gap
—
Affordability
P/I: 7.0R/I: 38.9%
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown3 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 28754 | — | — | — | 5.6% | — |
| 28743 | — | — | — | 2.9% | — |
| 28753 | — | — | — | 2.5% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
77.9%
Census ACS
Vacancy rate
25.0%
Census ACS
Bachelor's degree +
31.5%
Census ACS
Rent burdened
31.7%
Census ACS (>30% income)
Median age
44.5
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 16, 2026