How much is a home worth in ZIP code 28801?

The typical home in 28801 is worth $559,765, based on the Zillow Home Value Index.

Are home values rising in 28801?

Home values in 28801 are down 2.8% over the past year, and up 4.4% a year over five years.

What is the typical rent in 28801?

A typical home in 28801 rents for about $1,845 a month, a gross rental yield of 4.0%.

What is the property tax rate in 28801?

The effective property tax rate in 28801 is 0.7% — roughly $3,866 a year on a typical home.

ZIP code 28801 has a population of 14,691 and a median household income of $58,438.

HousingHandbookReference data

…

U.S. ZIP Code · NC28801

Buncombe County · Asheville, NC

Typical home value

$559,765^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.8%
5-year / yr: +4.4%
10-year / yr: +6.0%

Relative price

vs U.S.: +97.1%
vs metro: +29.4%
vs state: +96.7%

Price history

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

The typical home in 28801 is worth $559,765 — 29.4% above the Asheville, NC median. Over the past year, values have fallen 2.8%. Homes here rent for a typical $1,845 a month — a 4.0% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent: $1,845^[2]
Gross yield: 4.0%^[2]
Cap rate: 2.4%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $3,866^[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: 14,691^[3]
Median household income: $58,438^[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: 2
Middle: 2
High: 2

Asheville Middle
Middle · Grades 6–8 · Asheville City Schools
543 students
Claxton Elementary
Elementary · Grades K–5 · Asheville City Schools
388 students
Isaac Dickson Elementary
Elementary · Grades PK–5 · Asheville City Schools
375 students
Early College
High · Grades 9–13 · Buncombe County Schools
276 students
Montford North Star Academy
Middle · Grades 6–8 · Asheville City Schools
217 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 yield4.0%

Net yield (after ~40% expenses)2.4%

Annual rent$22,139

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$2,830

Loan principal$447,812

Down payment$111,953

Total interest paid$571,160

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 ratio1.96

Monthly cost to own$3,619

Monthly rent$1,845

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: 8th percentile^[1]
Rental yield: 8th percentile^[2]
Property tax: 100th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 28801?: The typical home in 28801 is worth $559,765, based on the Zillow Home Value Index.
Are home values rising in 28801?: Home values in 28801 are down 2.8% over the past year, and up 4.4% a year over five years.
What is the typical rent in 28801?: A typical home in 28801 rents for about $1,845 a month, a gross rental yield of 4.0%.
What is the property tax rate in 28801?: The effective property tax rate in 28801 is 0.7% — roughly $3,866 a year on a typical home.
Who lives in 28801?: ZIP code 28801 has a population of 14,691 and a median household income of $58,438.

#Comparable ZIPs

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

28730 vs 28801 →
Fairview CDP, NC
Typical home
$529,755
Gross yield
6.7%
28759 vs 28801 →
Mills River, NC
Typical home
$525,794
Gross yield
—
28804
Woodfin, NC
Typical home
$598,113
Gross yield
3.5%
28742
Horse Shoe CDP, NC
Typical home
$489,412
Gross yield
—
28711
Black Mountain, NC
Typical home
$473,529
Gross yield
4.7%
28787
Weaverville, NC
Typical home
$472,352
Gross yield
4.1%

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

Compare ZIPs

Pit ZIP 28801 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NC28801

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