Market Snapshot
- Median listing price
- $450K
- Median rent
- $1,900/mo
- Days on market
- 354 days
- Gross rental yield
- 5.07%
- STR vs LTR
- $2,115/mo STR · $1,900/mo LTR
The median listing price in Asheville, NC ZIP 28806 is $450,000 as of June 2026.
The median market rent in Asheville, NC ZIP 28806 is $1,900/month as of June 2026.
The median days on market in Asheville, NC ZIP 28806 is 354 days as of June 2026. The market is currently neutral.
At a median list price of $450,000 and a median rent of $1,900/month, the gross rental yield in Asheville, NC ZIP 28806 is 5.07% as of June 2026.
In Asheville, NC ZIP 28806, median Airbnb revenue is $2,115/month compared to median long-term rent of $1,900/month as of June 2026.
Asheville, NC 28806 Real Estate Market Report
ZIP Code: 28806
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Asheville NC are averaging 6.375%, reflecting a competitive market environment for property owners in this area.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price: $365,000 is the most reliable indicator of current market value and recent transactions in ZIP 28806, and the gap between the median listing price: $450,000 and the median sold price suggests persistent pricing friction as sellers' asking expectations appear above realized sale levels; downward price pressure may be keeping sellers from achieving list expectations.
- The median days on market: 354 signals materially slower sales velocity and reduced transaction liquidity relative to typical market cycles, which appears to be prolonging time-to-contract for both SFR and condominium inventory.
- Inventory context in the analyzed sample points to a relatively constrained active supply versus recent closings, which, combined with the median sold price and long median days on market, suggests moderate transaction volume and continued negotiation leverage for price-sensitive buyers.
- Rental and financing environment is softening: the median market rent: $1,900 has moved down year-over-year while interest rate pressure is described as elevated and current mortgage commentary notes 30-year fixed rates averaging 6.375%, which together may depress investor demand and further weigh on near-term price appreciation.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 0.6% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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