Transylvania County, North Carolina Housing Market Prices
Transylvania 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 36% above the North Carolina median More expensive than 89% of counties in North Carolina$378,378
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Median rent 21% below the North Carolina median$966
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Transylvania County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $378,378 | $278,288 | $248,835 |
| Price Trend (Annual %) | 7.1% | 9.3% | 7.5% |
| Median Gross Rent | $966 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Transylvania County is about 36% higher than in North Carolina. Rent is about 21% 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 Transylvania County, up about 7.1% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Transylvania County rose about 45.2% between 2015 and 2024, from $665 to $966. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 5.8 yearly household incomes in Transylvania County.
Buying the median-priced home in Transylvania County costs roughly 32.6 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 Transylvania County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Transylvania County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $378,378 | $278,288 | $248,835 |
| Median Household Income | $65,479 | $72,438 | $80,455 |
| Price-to-Income Ratio | 5.8 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Transylvania County rose about 62.9%, while median household income rose about 59.8% 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 | Transylvania County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.5% | 58.3% | 58.5% |
| Rental Rate | 19.2% | 29.2% | 31.2% |
| Vacancy Rate | 24.3% | 12.5% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Transylvania County has a homeownership rate of 56.5%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 24.3%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Transylvania 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 | 5.5 | 5.6 | 5.5 |
The typical housing unit in Transylvania County was built around 1984. On average, 2.2 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Transylvania County, NC Housing Compared With Nearby Counties
Transylvania County, NC is the smallest of the 6 counties compared here, 33,685 residents against a local median of 118,522. The measure that sets Transylvania County, NC apart most is median home price: $378,378, 28% above the local median of $294,864.
The counties themselves spread $411,127 on median home price, so Transylvania County, NC sits at one end of an already wide local range rather than apart from it. Transylvania County, NC has the 3rd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Transylvania County, NC | 33,685 | $378,378 #3/6 | $966 #5/6 | 74.7% #3/6 |
| Pickens County, SC | 134,527 | $268,520 | $971 | 70.9% |
| Henderson County, NC | 118,522 | $294,864 | $1,186 | 75.0% |
| Jackson County, NC | 43,786 | $679,186 | $904 | 60.8% |
| Haywood County, NC | 59,366 | $268,060 | $1,066 | 75.5% |
| Buncombe County, NC | 274,254 | $426,146 | $1,362 | 66.2% |
Frequently Asked Questions
Common questions about the housing market in Transylvania County, North Carolina.
What is the median home price in Transylvania County, North Carolina?
The median home price in Transylvania County, North Carolina is $378,378, higher than the North Carolina average of $278,288.
What is the average home price in Transylvania County, North Carolina?
The typical home price in Transylvania County, North Carolina, reported as the median sale price, is $378,378. 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 Transylvania County, North Carolina?
The median gross rent in Transylvania County, North Carolina is $966 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Transylvania County in 2020?
In 2020, the median gross rent in Transylvania County, North Carolina was $730 per month.
What is the price-to-rent ratio in Transylvania County, North Carolina?
The price-to-rent ratio in Transylvania County, North Carolina is about 32.6, meaning it would take roughly 32.6 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 Transylvania County.
Are home prices or rent rising faster in Transylvania County, North Carolina?
Both home prices and rent are rising in Transylvania County, up about 7.1% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Transylvania County, North Carolina?
56.5% of households in Transylvania County, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Transylvania County, North Carolina?
The housing vacancy rate in Transylvania County, North Carolina is 24.3%, higher than the North Carolina average of 12.5%.
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