How much is a home worth in ZIP code 28787?

The typical home in 28787 is worth $472,352, based on the Zillow Home Value Index.

Are home values rising in 28787?

Home values in 28787 are down 3.4% over the past year, and up 5.1% a year over five years.

What is the typical rent in 28787?

A typical home in 28787 rents for about $1,624 a month, a gross rental yield of 4.1%.

What is the property tax rate in 28787?

The effective property tax rate in 28787 is 0.5% — roughly $2,589 a year on a typical home.

ZIP code 28787 has a population of 22,809 and a median household income of $78,604.

HousingHandbookReference data

…

U.S. ZIP Code · NC28787

Buncombe County · Asheville, NC

Typical home value

$472,352^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.4%
5-year / yr: +5.1%
10-year / yr: +6.5%

Relative price

vs U.S.: +66.3%
vs metro: +9.2%
vs state: +66.0%

Price history

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

The typical home in 28787 is worth $472,352 — 9.2% above the Asheville, NC median. Over the past year, values have fallen 3.4%. Homes here rent for a typical $1,624 a month — a 4.1% gross rental yield. 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: $1,624^[2]
Gross yield: 4.1%^[2]
Cap rate: 2.5%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $2,589^[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: 22,809^[3]
Median household income: $78,604^[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

Schools

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

Public schools: 6
Elementary: 3
Middle: 2
High: 1

North Buncombe High
High · Grades 9–12 · Buncombe County Schools
929 students
North Buncombe Elementary
Elementary · Grades PK–4 · Buncombe County Schools
585 students
North Buncombe Middle
Middle · Grades 7–8 · Buncombe County Schools
508 students
North Windy Ridge Intermediate
Middle · Grades 5–6 · Buncombe County Schools
487 students
Weaverville Elementary
Elementary · Grades 2–4 · Buncombe County Schools
322 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.

Home value$Monthly rent$

Gross yield4.1%

Net yield (after ~40% expenses)2.5%

Annual rent$19,491

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$2,388

Loan principal$377,882

Down payment$94,470

Total interest paid$481,967

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 ratio1.85

Monthly cost to own$2,999

Monthly rent$1,624

Renting is meaningfully cheaper month-to-month.

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: 42nd percentile^[1]
Rental yield: 15th percentile^[2]
Property tax: 50th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 28787?: The typical home in 28787 is worth $472,352, based on the Zillow Home Value Index.
Are home values rising in 28787?: Home values in 28787 are down 3.4% over the past year, and up 5.1% a year over five years.
What is the typical rent in 28787?: A typical home in 28787 rents for about $1,624 a month, a gross rental yield of 4.1%.
What is the property tax rate in 28787?: The effective property tax rate in 28787 is 0.5% — roughly $2,589 a year on a typical home.
Who lives in 28787?: ZIP code 28787 has a population of 22,809 and a median household income of $78,604.

#Comparable ZIPs

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

28711 vs 28787 →
Black Mountain, NC
Typical home
$473,529
Gross yield
4.7%
28739 vs 28787 →
Etowah CDP, NC
Typical home
$465,915
Gross yield
4.5%
28731
Flat Rock, NC
Typical home
$462,012
Gross yield
—
28742
Horse Shoe CDP, NC
Typical home
$489,412
Gross yield
—
28732
Hoopers Creek CDP, NC
Typical home
$455,269
Gross yield
6.0%
28805
Asheville, NC
Typical home
$454,608
Gross yield
4.3%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 28787 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NC28787

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