Is Asheville, NC a good place to invest in rental property?

Asheville, NC has a median modeled monthly cash flow of $-1,772 and a median cap rate of 2.4%, on a median sold price of $458,000. Prices changed -2.6% year over year.

What is the average cap rate in Asheville, NC?

The median cap rate across recently sold homes in Asheville, NC is 2.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Asheville, NC?

The median sold price in Asheville, NC is $458,000 (about $297 per square foot).

Investing in Asheville, NC Real Estate

A data-driven snapshot of the Asheville, NC rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$458,000Median sold price

$297Median $/sqft

2.4%Median cap rate

$-1,772Modeled cash flow / mo

-2.6%Appreciation YoY

8.8Months of supply

1,400Active listings

1,905Sold (last 12 mo)

What the Asheville numbers say

In Asheville, NC, the median home sold for $458,000 (about $297 per square foot), and the typical deal models out to a 2.4% cap rate with a median $-1,772 of monthly cash flow. Sold prices moved -2.6% over the past year. Inventory sits at about 8.8 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other North Carolina markets to compare

See Asheville cash-flowing listings

CashFlowRE ranks every for-sale home in Asheville, NC by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Asheville deals, or browse the national market data.