HousingHandbookReference data

U.S. ZIP Code · NC28754

Madison County · Asheville, NC

Typical home value

$417,597[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.1%
5-year / yr
+6.3%
10-year / yr
+6.8%

Relative price

vs U.S.
+47.0%
vs metro
-3.5%
vs state
+46.7%
ZIP 28754 location in NC
Location of ZIP 28754 in NC

Price history

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

The typical home in 28754 is worth $417,597 — 3.5% below the Asheville, NC median. Over the past year, values have fallen 0.1%. The effective property tax rate is 0.5%.

#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
0.5%[3]
Typical annual tax
$2,173[3]

#Climate risk

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

Overall risk
Very Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Very Low
Heat wave
No Rating
Hurricane
Very Low
Tornado
Very Low
Earthquake
Very Low
Winter weather
Relatively Low

#Who lives here

Population
9,682[3]
Median household income
$68,750[3]

#Migration

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

Net migration
+146[5]
Moved in
725
Moved out
579

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
1
Elementary
1
Middle
0
High
0
  • Mars Hill Elementary

    Elementary · Grades K–5 · Madison County Schools

    477 students

Run the numbers

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

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.

Monthly payment$2,112
Loan principal$334,078
Down payment$83,519
Total interest paid$426,098

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.

Own : rent ratio
Monthly cost to own$2,641
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
92nd percentile[1]
Rental yield
[2]
Property tax
38th percentile[3]

Frequently asked

How much is a home worth in ZIP code 28754?
The typical home in 28754 is worth $417,597, based on the Zillow Home Value Index.
Are home values rising in 28754?
Home values in 28754 are down 0.1% over the past year, and up 6.3% a year over five years.
What is the property tax rate in 28754?
The effective property tax rate in 28754 is 0.5% — roughly $2,173 a year on a typical home.
Who lives in 28754?
ZIP code 28754 has a population of 9,682 and a median household income of $68,750.

#Comparable ZIPs

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

  • Asheville, NC

    Typical home
    $418,837
    Gross yield
    5.3%
  • Mountain Home CDP, NC

    Typical home
    $427,679
    Gross yield
    6.0%
  • Woodfin, NC

    Typical home
    $427,689
    Gross yield
  • Etowah CDP, NC

    Typical home
    $428,359
    Gross yield
  • Asheville, NC

    Typical home
    $405,442
    Gross yield
    5.2%
  • NC

    Typical home
    $432,708
    Gross yield

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