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Buncombe County Housing Market

North Carolina · 100 counties · Ranked #2830 in home value

Above National Avg

Housing at a Glance

Median Home Value

$360,000

vs national+$360,000 vs $281,900 national

Median Gross Rent

$1,281/mo

vs national+$1,281 vs $1,163 national

Effective Tax Rate

0.60%

vs national0.60% vs 1.02% national

Median Household Income

$70,578

vs national$70,578 vs $74,755 national

Affordability Ratio

5.1x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

31.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,163

Tax as % of Home Value

0.60%

Monthly Owner Cost

$1,151

Renter Income

$45,272

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Mortgage

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Similar Counties by Home Value

Lower Connecticut River Valley Planning Region

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Frequently Asked Questions

What is the median home value in Buncombe County?

The median home value in Buncombe County is $360,000. This is above the national median of $281,900.

How much is rent in Buncombe County?

The median gross rent in Buncombe County is $1,281 per month.

What is the property tax rate in Buncombe County?

The effective property tax rate in Buncombe County is 0.60%. The median annual property tax bill is $2,163.

Is Buncombe County affordable?

With a home-value-to-income ratio of 5.1x, Buncombe County is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.