Avery County, North Carolina Housing Market
In Avery County, North Carolina, the median home value is $265,800, with a median monthly rent of $773. This places Avery County at #808 nationally out of 3134 counties by median home value, and #30 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: $904
- Establishments: 629
- BLS QCEW, 2025
Housing Supply
- Single-family: 126
- Multi-family: 25
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,657 (avg $72,195)
- Outflow: 6,009 (avg $67,264)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Avery County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 28777 | 263.8 | +9.24% | 2025 |
| 2 | 28605 | 299.8 | +3.82% | 2025 |
| 3 | 28657 | 276.5 | +5.64% | 2025 |
| 4 | 28604 | 316.9 | +0.58% | 2025 |
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 Avery County Compares
| Metric | Avery County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $265,800 | $235,312 | $227,706 |
| Median Gross Rent | $773 | $976 | $968 |
| Owner Occupancy Rate | 83.0% | 71.8% | 73.3% |
| Price/Rent Ratio | 28.7 | 19.8 | 18.7 |
Market Analysis
The median home value in Avery County is 13.0% above the North Carolina state average and 16.7% above the U.S. national average. The median rent of $773/month is 20.8% below the state average.
With a price-to-rent ratio of 28.7, Avery County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Avery County has an owner-occupancy rate of 83.0%, 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 |
|---|---|---|---|
| Gaston County | North Carolina | $266,000 | $1,153 |
| Brown County | Wisconsin | $266,000 | $1,031 |
| Clay County | Minnesota | $265,500 | $1,019 |
| Douglas County | Nebraska | $266,100 | $1,201 |
| Kenosha County | Wisconsin | $265,500 | $1,219 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Gaston County | $266,000 | $1,153 | 66.8% |
| Guilford County | $259,900 | $1,163 | 59.9% |
| Davie County | $253,900 | $867 | 82.2% |
| Clay County | $278,400 | $804 | 81.2% |
| Haywood County | $279,200 | $1,067 | 74.9% |
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).