Buncombe County, North Carolina home prices
Typical home $440,368 · -4.4% in a year · property tax 0.57%
The typical home in Buncombe County is worth $440,368, 33% more than the North Carolina typical home ($332,159). Values changed -4.4% in the past year and +16.0% over five years. Homeowners here pay a median 0.57% of their home's value in property tax each year ($2,497 on the typical home), versus 0.64% statewide.
Mortgage on the typical Buncombe County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $88,074 | $352,295 | $2,370 | $0 | $428 | $2,798 | $119,900 |
| 10% down | $44,037 | $396,332 | $2,666 | $165 | $428 | $3,260 | $139,700 |
| 5% down | $22,018 | $418,350 | $2,814 | $174 | $428 | $3,417 | $146,400 |
| 3.5% down (FHA) | $15,413 | $432,392 | $2,909 | $195 | $428 | $3,532 | $151,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.57% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in North Carolina · part of the Asheville metro area.
North Carolina counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Pender County | $435,927 | +0.7% | 0.63% |
| Union County | $444,831 | -0.7% | 0.57% |
| New Hanover County | $445,851 | +0.7% | 0.54% |
| Jackson County | $447,841 | -0.3% | 0.34% |
| Henderson County | $422,515 | -1.7% | 0.52% |
| Transylvania County | $462,178 | -2.0% | 0.45% |
| Mecklenburg County | $414,531 | -0.9% | 0.71% |
| Carteret County | $469,750 | +3.0% | 0.43% |
| Moore County | $410,202 | +0.9% | 0.53% |
| Wake County | $471,020 | -1.7% | 0.71% |
Frequently asked questions
What is the average home price in Buncombe County, NC?
The typical home value in Buncombe County is $440,368 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Buncombe County?
About $119,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Buncombe County?
The median effective rate is 0.57% of home value a year (Census ACS 2024 5-year estimates).