How much is a home worth in ZIP code 28701?

The typical home in 28701 is worth $427,689, based on the Zillow Home Value Index.

Are home values rising in 28701?

Home values in 28701 are down 4.6% over the past year, and up 4.7% a year over five years.

What is the property tax rate in 28701?

The effective property tax rate in 28701 is 0.6% — roughly $2,356 a year on a typical home.

ZIP code 28701 has a population of 5,786 and a median household income of $108,125.

HousingHandbookReference data

…

U.S. ZIP Code · NC28701

Buncombe County · Asheville, NC

Typical home value

$427,689^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -4.6%
5-year / yr: +4.7%
10-year / yr: +6.2%

Relative price

vs U.S.: +50.6%
vs metro: -1.2%
vs state: +50.3%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 28701 is worth $427,689 — 1.2% below the Asheville, NC median. Over the past year, values have fallen 4.6%. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: —^[2]
Gross yield: —^[2]
Cap rate: —^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $2,356^[3]

#Climate risk

FEMA National Risk Index ratings for Buncombe County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Relatively Low
Drought: Relatively Moderate
Heat wave: Very Low
Hurricane: Relatively Low
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 5,786^[3]
Median household income: $108,125^[3]

#Migration

Household moves in and out of Buncombe County over a year, from IRS tax-return data.

Net migration: +1,011^[5]
Moved in: 9,920
Moved out: 8,909

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield—

Net yield (after ~40% expenses)—

Annual rent—

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,163

Loan principal$342,151

Down payment$85,538

Total interest paid$436,395

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio—

Monthly cost to own$2,715

Monthly rent—

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 23rd percentile^[1]
Rental yield: —^[2]
Property tax: 58th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 28701?: The typical home in 28701 is worth $427,689, based on the Zillow Home Value Index.
Are home values rising in 28701?: Home values in 28701 are down 4.6% over the past year, and up 4.7% a year over five years.
What is the property tax rate in 28701?: The effective property tax rate in 28701 is 0.6% — roughly $2,356 a year on a typical home.
Who lives in 28701?: ZIP code 28701 has a population of 5,786 and a median household income of $108,125.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

28791 vs 28701 →
Mountain Home CDP, NC
Typical home
$427,679
Gross yield
6.0%
28729 vs 28701 →
Etowah CDP, NC
Typical home
$428,359
Gross yield
—
28748
NC
Typical home
$432,708
Gross yield
—
28715
Asheville, NC
Typical home
$418,837
Gross yield
5.3%
28754
Mars Hill, NC
Typical home
$417,597
Gross yield
—
28704
Royal Pines CDP, NC
Typical home
$443,116
Gross yield
4.2%

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#Jump to section

U.S. ZIP Code · NC28701

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