Avery County, North Carolina Housing Market Prices
Avery 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 33% below the North Carolina median$185,807
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Median rent 37% below the North Carolina median Cheaper than 81% of counties in North Carolina$772
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Avery County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $185,807 | $278,288 | $248,835 |
| Price Trend (Annual %) | 7.8% | 9.3% | 7.5% |
| Median Gross Rent | $772 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 1.4% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Avery County is about 33% lower than in North Carolina. Rent is about 37% 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 Avery County, up about 7.8% and 1.4% a year respectively. Home prices are changing faster.
Median rent in Avery County rose about 15.2% between 2015 and 2024, from $671 to $772. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Avery County.
Buying the median-priced home in Avery County costs roughly 20.0 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 Avery County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Avery County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $185,807 | $278,288 | $248,835 |
| Median Household Income | $63,446 | $72,438 | $80,455 |
| Price-to-Income Ratio | 2.9 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Avery County rose about 26.9%, while median household income rose about 54.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Avery County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 39.7% | 58.3% | 58.5% |
| Rental Rate | 8.1% | 29.2% | 31.2% |
| Vacancy Rate | 52.2% | 12.5% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Avery County has a homeownership rate of 39.7%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 52.2%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Avery County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1984 | 1989 | 1978 |
| Median Number of Rooms | 5.3 | 5.6 | 5.5 |
The typical housing unit in Avery County was built around 1984. On average, 2.2 people live in a home with about 5.3 rooms, staying for about 18.0 years on average.
Avery County, NC Housing Compared With Nearby Counties
Avery County, NC is the 4th largest of the 5 counties compared here, 17,672 residents against a local median of 55,909. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Avery County, NC an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median home price, 12% below the local median at $185,807 against $211,864. Avery County, NC has the 3rd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Avery County, NC | 17,672 | $185,807 #3/5 | $772 #4/5 | 83.0% #1/5 |
| Mitchell County, NC | 14,959 | $278,731 | $813 | 76.3% |
| Watauga County, NC | 55,114 | $376,675 | $1,126 | 62.1% |
| Carter County, TN | 56,703 | $144,997 | $739 | 75.2% |
| Burke County, NC | 87,684 | $79,920 | $883 | 74.5% |
Frequently Asked Questions
Common questions about the housing market in Avery County, North Carolina.
What is the median home price in Avery County, North Carolina?
The median home price in Avery County, North Carolina is $185,807, lower than the North Carolina average of $278,288.
What is the average home price in Avery County, North Carolina?
The typical home price in Avery County, North Carolina, reported as the median sale price, is $185,807. 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 Avery County, North Carolina?
The median gross rent in Avery County, North Carolina is $772 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Avery County in 2020?
In 2020, the median gross rent in Avery County, North Carolina was $759 per month.
What is the price-to-rent ratio in Avery County, North Carolina?
The price-to-rent ratio in Avery County, North Carolina is about 20.0, meaning it would take roughly 20.0 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 Avery County.
Are home prices or rent rising faster in Avery County, North Carolina?
Both home prices and rent are rising in Avery County, up about 7.8% and 1.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Avery County, North Carolina?
39.7% of households in Avery County, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Avery County, North Carolina?
The housing vacancy rate in Avery County, North Carolina is 52.2%, higher than the North Carolina average of 12.5%.
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