Buncombe County Home Prices & Values

$202,400 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.1% 1-year change
  • 2.7% 1-year forecast

The median home value in Buncombe County is $202,400. Buncombe County home values have gone up 4.1% over the past year and Zillow predicts they will rise 2.7% within the next year. The median list price per square foot in Buncombe County is $154, which is higher than the Asheville Metro average of $143. The median price of homes currently listed in Buncombe County is $269,900 while the median price of homes that sold is $221,250.

Foreclosures will be a factor impacting home values in the next several years. In Buncombe County 3.1 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Buncombe County is 3.2%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Buncombe County homeowners underwater on their mortgage is 9.2%.

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Relative ZHVI
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Buncombe County Market Overview

Data through Jun 30, 2014
  • $202,400 ZHVI
  • 2.7% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $269,900 Median listing price
  • $221,250 Median sale price
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Buncombe County Market Health

Data through Jun 30, 2014
  • 7.4/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 106 Average of days on Zillow (May 31, 2014)
  • 9.2% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 3.2% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

3.1 homes Buncombe County
4.3 homes United States
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Cities in Buncombe County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Biltmore Forest $781,700 Weaverville $224,500 Arden $210,000
Alexander $200,500 Fletcher $199,800 Bent Creek $196,800
Asheville $185,200 Woodfin $163,000 Swannanoa $161,500

Listings & Sales

Data through Jun 30, 2014
  • $154 Median list price / sq ft
  • $142 Median sale price / sq ft
  • 31.2% Listings with price cut
23.4%
Sold below listing
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Buncombe County Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,226 Buncombe County
$1,144 Asheville Metro
$1,310 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • $0.87 Rent list price / sq ft
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