Ashe County, North Carolina Housing Market Prices
Ashe County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 10% below the North Carolina median$251,500
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Median rent 30% below the North Carolina median$859
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Ashe County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $251,500 | $278,288 | $248,835 |
| Price Trend (Annual %) | 6.8% | 9.3% | 7.5% |
| Median Gross Rent | $859 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ashe County is about 10% lower than in North Carolina. Rent is about 30% lower than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Ashe County, up about 6.8% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Ashe County rose about 36.9% between 2015 and 2024, from $627 to $859. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Ashe County.
Buying the median-priced home in Ashe County costs roughly 24.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Ashe County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Ashe County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $251,500 | $278,288 | $248,835 |
| Median Household Income | $57,366 | $72,438 | $80,455 |
| Price-to-Income Ratio | 4.4 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ashe County rose about 49.1%, while median household income rose about 44.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Ashe County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.2% | 58.3% | 58.5% |
| Rental Rate | 14.6% | 29.2% | 31.2% |
| Vacancy Rate | 29.1% | 12.5% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Ashe County has a homeownership rate of 56.2%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 29.1%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Ashe County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1984 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.6 | 5.5 |
The typical housing unit in Ashe County was built around 1984. On average, 2.2 people live in a home with about 5.2 rooms, staying for about 18.0 years on average.
Ashe County, NC Housing Compared With Nearby Counties
How Ashe County, NC compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Ashe County, NC | 26,946 | $251,500 #2/3 | $859 #2/3 | 79.4% #2/3 |
| Watauga County, NC | 55,114 | $376,675 | $1,126 | 62.1% |
| Grayson County, VA | 15,277 | $90,246 | $765 | 80.4% |
Frequently Asked Questions
Common questions about the housing market in Ashe County, North Carolina.
What is the median home price in Ashe County, North Carolina?
The median home price in Ashe County, North Carolina is $251,500, lower than the North Carolina average of $278,288.
What is the average home price in Ashe County, North Carolina?
The typical home price in Ashe County, North Carolina, reported as the median sale price, is $251,500. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Ashe County, North Carolina?
The median gross rent in Ashe County, North Carolina is $859 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Ashe County in 2020?
In 2020, the median gross rent in Ashe County, North Carolina was $657 per month.
What is the price-to-rent ratio in Ashe County, North Carolina?
The price-to-rent ratio in Ashe County, North Carolina is about 24.4, meaning it would take roughly 24.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Ashe County.
Are home prices or rent rising faster in Ashe County, North Carolina?
Both home prices and rent are rising in Ashe County, up about 6.8% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ashe County, North Carolina?
56.2% of households in Ashe County, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Ashe County, North Carolina?
The housing vacancy rate in Ashe County, North Carolina is 29.1%, higher than the North Carolina average of 12.5%.
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