Fairview, NC 28730 housing market

What this means

• Valuation. Prices are roughly in line with local incomes (+4% vs. this area's pre-2020 price-to-income norm).
• Prices. Home values are down 4.4% over the past year (U.S.: +1.2%).
• Supply. Listings are 15% below the 2017-19 norm and rising (+8% vs. a year ago), still somewhat tight.
• Negotiating. Buyer leverage is high (86/100; U.S.: 54): homes sell for about 1.8% below their final list price; 39% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 35% of the median household income (U.S.: 35%); it takes about $121k a year to keep the payment at 30% of gross pay. That includes about $1,387 a year for home insurance (U.S.: $1,790).
• Buy vs. rent. Owning and renting a typical home cost about the same per month.
• Disaster risk. FEMA expects about $133 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. No clear direction: likely −9% to +7% over the next 12 months (53% chance of a rise).

Next 12 months

No clear direction

A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −8.9% to +7.4% (80% range; middle estimate +0.3%), chance of a rise 53%, of a 5%+ drop 20%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

Other ZIP codes in Buncombe County, NC