Yancey County, North Carolina Housing Market Prices
Yancey 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 5% above the North Carolina median More expensive than 76% of counties in North Carolina$291,070
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Median rent 28% below the North Carolina median$882
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Yancey County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $291,070 | $278,288 | $248,835 |
| Price Trend (Annual %) | 9.7% | 9.3% | 7.5% |
| Median Gross Rent | $882 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Yancey County is about 5% higher than in North Carolina. Rent is about 28% 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 Yancey County, up about 9.7% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Yancey County rose about 46.9% between 2015 and 2024, from $600 to $882. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in Yancey County.
Buying the median-priced home in Yancey County costs roughly 27.5 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 Yancey County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Yancey County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $291,070 | $278,288 | $248,835 |
| Median Household Income | $58,633 | $72,438 | $80,455 |
| Price-to-Income Ratio | 5.0 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Yancey County rose about 135.3%, while median household income rose about 56.0% 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 | Yancey County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.8% | 58.3% | 58.5% |
| Rental Rate | 14.7% | 29.2% | 31.2% |
| Vacancy Rate | 28.5% | 12.5% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Yancey County has a homeownership rate of 56.8%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 28.5%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Yancey County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1986 | 1989 | 1978 |
| Median Number of Rooms | 5.4 | 5.6 | 5.5 |
The typical housing unit in Yancey County was built around 1986. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 18.0 years on average.
Yancey County, NC Housing Compared With Nearby Counties
Yancey County, NC is the 4th largest of the 5 counties compared here, 18,788 residents against a local median of 33,338. Yancey County, NC's median home price, at $291,070, runs 17% below the $352,439 typical of the counties around it.
The counties themselves spread $247,967 on median home price, so Yancey County, NC sits at one end of an already wide local range rather than apart from it. Yancey County, NC has the 3rd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Yancey County, NC | 18,788 | $291,070 #3/5 | $882 #2/5 | 79.4% #1/5 |
| Mitchell County, NC | 14,959 | $278,731 | $813 | 76.3% |
| McDowell County, NC | 44,809 | $202,989 | $806 | 75.6% |
| Buncombe County, NC | 274,254 | $426,146 | $1,362 | 66.2% |
| Madison County, NC | 21,867 | $450,956 | $779 | 77.5% |
Frequently Asked Questions
Common questions about the housing market in Yancey County, North Carolina.
What is the median home price in Yancey County, North Carolina?
The median home price in Yancey County, North Carolina is $291,070, higher than the North Carolina average of $278,288.
What is the average home price in Yancey County, North Carolina?
The typical home price in Yancey County, North Carolina, reported as the median sale price, is $291,070. 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 Yancey County, North Carolina?
The median gross rent in Yancey County, North Carolina is $882 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Yancey County in 2020?
In 2020, the median gross rent in Yancey County, North Carolina was $641 per month.
What is the price-to-rent ratio in Yancey County, North Carolina?
The price-to-rent ratio in Yancey County, North Carolina is about 27.5, meaning it would take roughly 27.5 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 Yancey County.
Are home prices or rent rising faster in Yancey County, North Carolina?
Both home prices and rent are rising in Yancey County, up about 9.7% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Yancey County, North Carolina?
56.8% of households in Yancey County, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Yancey County, North Carolina?
The housing vacancy rate in Yancey County, North Carolina is 28.5%, higher than the North Carolina average of 12.5%.
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