Ashe County, North Carolina Housing Market
In Ashe County, North Carolina, the median home value is $243,100, with a median monthly rent of $859. This places Ashe County at #948 nationally out of 3134 counties by median home value, and #38 within North Carolina.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $956
- Establishments: 692
- BLS QCEW, 2025
Housing Supply
- Single-family: 193
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 10,605 (avg $64,157)
- Outflow: 9,822 (avg $61,057)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 5 active ZIP codes in Ashe County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 28643 | 264.1 | -25.55% | 2025 |
| 2 | 28640 | 247.2 | -3.97% | 2025 |
| 3 | 28694 | 329.2 | +11.27% | 2025 |
| 4 | 28626 | 321.2 | +22.88% | 2024 |
| 5 | 28684 | 253.3 | -4.64% | 2024 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Ashe County Compares
| Metric | Ashe County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $243,100 | $235,312 | $227,706 |
| Median Gross Rent | $859 | $976 | $968 |
| Owner Occupancy Rate | 79.4% | 71.8% | 73.3% |
| Price/Rent Ratio | 23.6 | 19.8 | 18.7 |
Market Analysis
The median home value in Ashe County is 3.3% above the North Carolina state average and 6.8% above the U.S. national average. The median rent of $859/month is 12.0% below the state average.
With a price-to-rent ratio of 23.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Ashe County has an owner-occupancy rate of 79.4%, compared to 71.8% in North Carolina and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Marion County | Florida | $243,100 | $1,277 |
| Yancey County | North Carolina | $243,100 | $882 |
| Philadelphia County | Pennsylvania | $243,100 | $1,397 |
| Portage County | Wisconsin | $243,100 | $940 |
| Kandiyohi County | Minnesota | $243,200 | $909 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Yancey County | $243,100 | $882 | 79.4% |
| Stanly County | $242,400 | $861 | 74.5% |
| Catawba County | $241,600 | $965 | 72.2% |
| Alamance County | $241,500 | $1,064 | 65.0% |
| Lee County | $240,200 | $1,017 | 67.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).