Asheville, NC

Population: 87,882
Average annual home appreciation rate: 18.06%
Total of homes for sale in this market: 1,330
Median home price: $215,238
Median Rent: $1,057
Home price range: 39.87% of homes are between $110,001 – $219,000
Median sales price: $225,000
Number of homes: 109
Median foreclosure sales price: $128,100
Foreclosure discount: $96,900 ( 43.1% )
Most common home type: 54.74% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 10.44%
Number of renters: 50.70%
Number of owner occupied: 49.30%
Number people living below poverty level: 20.04%
Unemployment rate: 4.0%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Asheville area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor. Showing as one of the strongest appreciating markets in NC, and in the nation!

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