Cities with the fastest growing home prices in Asheville metro area

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November 23, 2022
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Cities with the fastest growing home prices in Asheville metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Asheville, NC metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. Data was available for 35 cities and towns in Asheville.

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Stacker

#30. Montreat, Montreat

- 1-year price change: +$47,345 (+8.8%)
- 5-year price change: +$201,000 (+52.6%)
- Typical home value: $582,816 (#2 most expensive city in metro)
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Stacker

#29. Swannanoa, Swannanoa

- 1-year price change: +$49,083 (+15.8%)
- 5-year price change: +$134,254 (+59.7%)
- Typical home value: $358,984 (#27 most expensive city in metro)
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Stacker

#28. Black Mountain, Black Mountain

- 1-year price change: +$51,894 (+13.9%)
- 5-year price change: +$162,190 (+61.5%)
- Typical home value: $425,716 (#15 most expensive city in metro)
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Stacker

#27. Woodfin, Woodfin

- 1-year price change: +$52,190 (+15.4%)
- 5-year price change: +$154,858 (+65.6%)
- Typical home value: $390,769 (#23 most expensive city in metro)
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Stacker

#26. Candler, Candler

- 1-year price change: +$52,799 (+15.3%)
- 5-year price change: +$154,113 (+63.2%)
- Typical home value: $397,908 (#20 most expensive city in metro)

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Stacker

#25. Barker Heights, Barker Heights

- 1-year price change: +$53,606 (+23.0%)
- 5-year price change: +$136,066 (+90.1%)
- Typical home value: $287,000 (#33 most expensive city in metro)
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#24. Mars Hill, Mars Hill

- 1-year price change: +$56,090 (+18.7%)
- 5-year price change: +$132,447 (+59.3%)
- Typical home value: $355,845 (#28 most expensive city in metro)
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Stacker

#23. Barnardsville, Barnardsville

- 1-year price change: +$57,575 (+16.7%)
- 5-year price change: +$141,256 (+54.1%)
- Typical home value: $402,466 (#18 most expensive city in metro)
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Stacker

#22. Waynesville, Waynesville

- 1-year price change: +$58,534 (+19.4%)
- 5-year price change: +$175,549 (+95.4%)
- Typical home value: $359,496 (#26 most expensive city in metro)
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#21. Alexander, Alexander

- 1-year price change: +$59,101 (+17.0%)
- 5-year price change: +$160,026 (+64.7%)
- Typical home value: $407,329 (#16 most expensive city in metro)

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#20. East Flat Rock, East Flat Rock

- 1-year price change: +$59,281 (+23.7%)
- 5-year price change: +$147,827 (+91.7%)
- Typical home value: $308,954 (#32 most expensive city in metro)
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#19. Asheville, Asheville

- 1-year price change: +$59,952 (+15.7%)
- 5-year price change: +$165,687 (+59.9%)
- Typical home value: $442,211 (#12 most expensive city in metro)
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#18. Maggie Valley, Maggie Valley

- 1-year price change: +$60,100 (+19.0%)
- 5-year price change: +$179,668 (+91.0%)
- Typical home value: $377,023 (#24 most expensive city in metro)
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#17. Arden, Arden

- 1-year price change: +$60,616 (+16.1%)
- 5-year price change: +$159,306 (+57.5%)
- Typical home value: $436,570 (#13 most expensive city in metro)
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#16. Gerton, Gerton

- 1-year price change: +$63,979 (+24.3%)
- 5-year price change: +$146,257 (+80.9%)
- Typical home value: $326,953 (#30 most expensive city in metro)

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#15. Weaverville, Weaverville

- 1-year price change: +$64,699 (+15.9%)
- 5-year price change: +$179,643 (+61.7%)
- Typical home value: $470,838 (#9 most expensive city in metro)
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#14. Fairview, Fairview

- 1-year price change: +$66,794 (+14.9%)
- 5-year price change: +$189,975 (+58.7%)
- Typical home value: $513,886 (#3 most expensive city in metro)
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#13. Saluda, Saluda

- 1-year price change: +$70,126 (+21.8%)
- 5-year price change: +$159,751 (+69.0%)
- Typical home value: $391,359 (#22 most expensive city in metro)
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#12. Valley Hill, Valley Hill

- 1-year price change: +$70,673 (+24.1%)
- 5-year price change: +$160,829 (+79.4%)
- Typical home value: $363,356 (#25 most expensive city in metro)
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Stacker

#11. Hendersonville, Hendersonville

- 1-year price change: +$74,349 (+22.7%)
- 5-year price change: +$173,910 (+76.2%)
- Typical home value: $402,011 (#19 most expensive city in metro)

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Stacker

#10. Lake Junaluska, Lake Junaluska

- 1-year price change: +$74,942 (+20.9%)
- 5-year price change: +$209,694 (+93.4%)
- Typical home value: $434,109 (#14 most expensive city in metro)
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#9. Fletcher, Fletcher

- 1-year price change: +$75,421 (+20.5%)
- 5-year price change: +$187,641 (+73.2%)
- Typical home value: $443,965 (#11 most expensive city in metro)
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#8. Etowah, Etowah

- 1-year price change: +$77,915 (+23.7%)
- 5-year price change: +$181,599 (+80.5%)
- Typical home value: $407,263 (#17 most expensive city in metro)
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#7. Flat Rock, Flat Rock

- 1-year price change: +$84,426 (+22.2%)
- 5-year price change: +$194,752 (+72.3%)
- Typical home value: $463,955 (#10 most expensive city in metro)
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#6. Bent Creek, Bent Creek

- 1-year price change: +$86,057 (+21.2%)
- 5-year price change: +$199,592 (+68.5%)
- Typical home value: $491,106 (#7 most expensive city in metro)

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#5. Laurel Park, Laurel Park

- 1-year price change: +$89,389 (+23.2%)
- 5-year price change: +$208,111 (+78.3%)
- Typical home value: $473,863 (#8 most expensive city in metro)
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#4. Horse Shoe, Horse Shoe

- 1-year price change: +$98,520 (+25.0%)
- 5-year price change: +$214,135 (+77.1%)
- Typical home value: $491,931 (#6 most expensive city in metro)
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#3. Mills River, Mills River

- 1-year price change: +$99,901 (+24.4%)
- 5-year price change: +$223,997 (+78.4%)
- Typical home value: $509,655 (#4 most expensive city in metro)
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#2. Zirconia, Zirconia

- 1-year price change: +$106,927 (+27.3%)
- 5-year price change: +$229,107 (+84.9%)
- Typical home value: $499,049 (#5 most expensive city in metro)
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#1. Biltmore Forest, Biltmore Forest

- 1-year price change: +$181,171 (+13.3%)
- 5-year price change: +$527,183 (+52.1%)
- Typical home value: $1,539,517 (#1 most expensive city in metro)

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