The typical Asheville home was worth $448,688 in August 2026, Zillow says, down 5% in a year and 7.8% below its January 2025 peak. ZIP code figures.

Last checked Oct. 11, 2026. Refreshed monthly when Zillow and the Federal Housing Finance Agency publish new numbers. Figures here are Zillow’s August 2026 release and FHFA’s second-quarter 2026 index.

The typical Asheville home was worth $448,688 in August 2026, according to the Zillow Home Value Index for the city. That is down 5% from $472,411 in August 2025 and 7.8% below the high of $486,730 in January 2025. Over 10 years the typical value is still up about 72%, from $261,596 in August 2016.

What this means for you

  • Buyers: values have been sliding since early 2025, the months after Tropical Storm Helene.
  • Sellers: the market is no longer rising on its own; price to the comparable sales.
  • Owners: your 2026 tax bill uses the county’s 2021 value, not market value; see property taxes or call Buncombe County Real Estate Assessment at 828-250-4940.

Ten years of Asheville home values

Line chart of the typical Asheville home value each August: $261,596 in 2016, $329,377 in 2020, $458,850 in 2022, $479,917 in 2024 and $448,688 in 2026

Values climbed steadily through 2020, then jumped 19% in the year to August 2021 and 17% in the year to August 2022. They kept rising more slowly until January 2025 and have fallen every month since.

By ZIP code

Zillow’s August 2026 typical values for the ZIP codes that make up most of Asheville:

ZIP code Area Typical value Change in a year
28804 North Asheville $583,670 -4.5%
28801 Downtown $551,288 -2.5%
28805 East Asheville $441,672 -5.9%
28803 South Asheville, Biltmore $437,927 -5.5%
28806 West Asheville $393,020 -4.6%

Every Asheville ZIP code fell over the year. Downtown fell least; east and south Asheville fell most.

Asheville and its neighbors

Place Typical value, August 2026 Change in a year
Mills River $524,267 -2.9%
Black Mountain $456,390 -3.6%
Asheville $448,688 -5.0%
Fletcher $448,371 -3.2%
Buncombe County $444,801 -4.3%

Asheville’s typical value sits just above Buncombe County’s, and it fell faster than the county or any of the neighbors over the past year.

A second measure: FHFA

The Federal Housing Finance Agency’s House Price Index tracks repeat sales and refinance appraisals of the same homes. For the Asheville metro area, its all-transactions index stood at 522.34 in the second quarter of 2026, up 1.4% from 515.33 a year earlier. FHFA covers the whole metro area and only homes with a mortgage backed by Fannie Mae or Freddie Mac, which is one reason it and Zillow’s estimate can point in different directions.

What the Census says

The Census Bureau’s 2019-2023 American Community Survey five-year estimates put the median value of owner-occupied homes in Asheville at $411,000. That figure is what owners reported their homes were worth over five years of surveys, so it trails market prices. See our Asheville population guide for more Census figures.

How to read these numbers

  • Zillow’s index is a model of the typical home in the middle third of the market, smoothed and seasonally adjusted. It is not the median sale price, and Zillow revises past months.
  • For the price of one home, look at recent sales of similar homes on the county’s comparable sales search or ask a licensed appraiser.
  • Recorded sales in Asheville appear each week in our real estate transfers.

More: moving to Asheville and property taxes.

ZIP code by ZIP code, with each area’s school zone: Asheville neighborhoods.

Frequently asked questions

What is the average home price in Asheville, NC?

Zillow’s Home Value Index puts the typical Asheville home at $448,688 in August 2026. That is a modeled value for the middle third of homes, not an average sale price.

Are home prices going down in Asheville?

By Zillow’s measure, yes. The typical value fell 5% from August 2025 to August 2026 and is 7.8% below its January 2025 high of $486,730. The FHFA index, which tracks repeat sales, was up 1.4% over the year to the second quarter of 2026.

Which Asheville ZIP code has the highest home values?

28804, north Asheville, with a typical value of $583,670 in August 2026, followed by 28801, downtown, at $551,288. 28806 in west Asheville is the lowest at $393,020.

How much have Asheville home prices gone up in 10 years?

The typical value rose from $261,596 in August 2016 to $448,688 in August 2026, about 72%, according to Zillow.