Transylvania County, North Carolina Housing Market
In Transylvania County, North Carolina, the median home value is $373,600, with a median monthly rent of $967. This places Transylvania County at #357 nationally out of 3134 counties by median home value, and #11 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: $976
- Establishments: 1,174
- BLS QCEW, 2025
Housing Supply
- Single-family: 176
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 13,851 (avg $85,048)
- Outflow: 12,481 (avg $81,040)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Transylvania County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 28712 | 340.4 | +4.55% | 2025 |
| 2 | 28768 | 251.2 | -4.53% | 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.
How Transylvania County Compares
| Metric | Transylvania County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $373,600 | $235,312 | $227,706 |
| Median Gross Rent | $967 | $976 | $968 |
| Owner Occupancy Rate | 74.7% | 71.8% | 73.3% |
| Price/Rent Ratio | 32.2 | 19.8 | 18.7 |
Market Analysis
The median home value in Transylvania County is 58.8% above the North Carolina state average and 64.1% above the U.S. national average. The median rent of $967/month is 0.9% below the state average.
With a price-to-rent ratio of 32.2, Transylvania 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.
Transylvania County has an owner-occupancy rate of 74.7%, 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 |
|---|---|---|---|
| Providence County | Rhode Island | $373,600 | $1,312 |
| Washtenaw County | Michigan | $374,100 | $1,463 |
| Jefferson County | Oregon | $374,200 | $941 |
| Fort Bend County | Texas | $374,500 | $1,807 |
| Franklin County | Idaho | $372,600 | $894 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Currituck County | $378,800 | $1,162 | 87.3% |
| New Hanover County | $387,800 | $1,417 | 61.4% |
| Watauga County | $358,900 | $1,127 | 62.1% |
| Durham County | $389,400 | $1,508 | 55.5% |
| Buncombe County | $391,800 | $1,362 | 66.2% |
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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).