Area Info / Real Estate

Asheville Real Estate

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Asheville Real Estate
Jump to: About Asheville | Homes, Land & Acreage | Surrounding Asheville Area

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Asheville Real Estate Statistics: Prices, Quality of Life, & Education

Prices: As of 2007, the median price of a home in Asheville, NC was $234,3721 (2007 national median: $359,352), while the median price of a home in Asheville during 2006 was $169,0002 (2006 national median: $259,566), representing a one-year increase of 38%. While the housing market in Asheville has been steady, the home price gain from the year 2004-2005 was still 19%. Average property taxes for 2006 were approximately $1,554.

Quality of Life: Asheville's Air Quality Index during 2007 sat at 85.3% (lower is better)2, just above the national average of 77.3%. During 2007, property crime incidents for Asheville (per 1000) stood at 75, far below the national average of 206 per 1000 occurrences. There are six movie theaters, over 500 restaurants, over 40 public golf courses, and a plethora of hotels, cabins & places to stay. For more, see the following Area Info sections: Asheville Attractions & Asheville Facts & Statistics.

Education: There are five institutions of higher education in Asheville; one university, two colleges, one technical college, and one specialty college. There are also many other higher education institutions around Asheville, in Western North Carolina. For more, see the Asheville schools Area Info section.

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About Asheville, North Carolina

Asheville, NC is a medium-sized city located in the Blue Ridge Mountains of Western North Carolina (WNC). Being the largest city in WNC and the county seat of Buncombe, Asheville alone is home to over 70,000 residents. Regionally, the population of Buncombe County tips the scale at over 222,000 residents. The four-county Asheville metropolitan area (see "Surrounding Areas" below) figures come in at almost 400,000 residents, while the state of North Carolina is home to over 8.5 million. Experiencing moderate population and economic growth, it is the central location for employment in various industries in the area. Given the mild, four-season climate in Asheville, strong neighborhood and community, population diversity, housing availability and gorgeous surroundings, the city naturally lends itself to a high quality of life.

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Homes, Land & Acreage in Western North Carolina

Real Estate in Asheville not only encompasses purchasing existing homes. Given the beauty of the Blue Ridge and Great Smoky Mountains surrounding Asheville, North Carolina, there is a large market for many different types of land.

Available in the Asheville, NC area and its surrounding communities are many types of opportunities for purchasing tracts of land: large acreage available for development or investment, 1031 exchange, or private estate property. There are many things to consider when thinking about purchasing land in Western North Carolina. Some, if not many, residents in the Asheville area are against mountainside slope development for ecological and aesthetic reasons. The recent trend over the last few decades to build real estate developments in Asheville has led to a decline in the available land for sale within the city limits. Also, large designations of land in the mountain ranges Western NC are reserved for protection by state and federal agencies.

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The Surrounding Areas of Asheville

Most metropolitan areas in the United States are surrounded by the communities they helped to develop, and Asheville is no exception to the rule. In fact, the vast array of towns and localities in the Western North Carolina region are some of the most beautiful on the East coast. There are many areas just outside of Asheville offering jobs, education, and real estate. The major communities / areas of the metropolitan Asheville area are:
  • Buncombe County
    • Biltmore Forest
    • Black Mountain & Swannanoa
    • Candler
    • Fairview
    • Woodfin & Weaverville
  • Haywood County
    • Canton
    • Maggie Valley
    • Waynesville
  • Henderson County
    • Fletcher
    • Flat Rock
    • Hendersonville
  • Madison County
    • Hot Springs
    • Mars Hill
    • Marshall



1 MONEY Magazine Best Places to Live 2006
2 MONEY Magazine Best Places to Live 2007

* Data for Buncombe County