Realtor In Asheville, NC

Real estate can be a worthy investment opportunity. With research, a plan and the right price, just about anyone can be a real estate investor. If you are looking at investing in the Asheville real estate market as a potential investment opportunity, you must read till the end. Asheville, North Carolina sits in the Blue Ridge Mountains in the western part of the state.

This area is often overlooked in favor of larger cities like Charlotte or Durham. However, the area has its own attractions whether you’re a tourist or considering Asheville real estate investment. Asheville proper is home to around ninety thousand people. The Asheville housing market is larger than this, though, when you take the five county metropolitan area into account.

The larger Asheville real estate market is home to over four hundred thousand people. If you are an investor, Asheville real estate has a track record of being one of the best long term investments. There are a number of reasons to consider investing in the Asheville real estate.

Following the housing market decline in 2007, single family rental properties became favorable options for investors, saving in construction or refurbishment prices. The quick turnaround for an owner to rent out their property means cash flow is almost immediate.

Single family rental homes have grown up to 30% within the last three years. Almost all the housing demand in the US in recent years has been filled by single family rental units.

The housing market in Asheville and Buncombe County moved towards a more balanced market in the 1st quarter of 2019, shifting away from a strictly seller’s market, especially in the City of Asheville.

As per the real estate company called Neigborhoodscout.com, the median house price in Asheville, NC is $307,844, which indicates that home prices in Asheville are a little above the national average for all cities and towns in the United States. Single family detached homes are the single most common housing type in Asheville, accounting for 54.63% of the city’s housing units.

Other types of housing that are prevalent in Asheville include large apartment complexes or high rise apartments ( 25.61%), duplexes, homes converted to apartments or other small apartment buildings ( 12.18%), and a few mobile homes or trailers ( 3.99%).

People in Asheville primarily live in small (one, two or no bedroom) single-family detached homes. Asheville has a mixture of owner-occupied and renter-occupied housing.

New single family homes are being built in Asheville in 2019. Many new communities such as brand-new condos are being built which have modern amenities such as pools, trails, gyms and so much more.

Currently, there are many single family homes for sale in Asheville, NC on Zillow. Additionally, there are many single family homes for rent in Asheville, NC. 

The Asheville, NC and surrounding areas are great for locating income producing investment type property. There are all types of both residential and commercial properties in the Asheville area that are suited for income and investment purposes. Contact Mitchell’s Asheville Homes or call us at (828) 545-4743 for all of your investment property and real estate needs here in the Asheville area.