Asheville, NC Federal Housing Finance Agency Home Price Index (FHFA HPI)

Asheville, NC is a beautiful city located in the Blue Ridge Mountains of Western North Carolina. It is known for its scenic views, outdoor activities, and vibrant arts and culture scene. The city has a population of approximately 87,000 people and is the 12th largest city in North Carolina.

The Asheville metropolitan area has experienced strong growth in recent years, with the population increasing by nearly 8% between 2010 and 2018. This growth has been driven in part by the strong performance of the local economy, which has seen job growth of nearly 4% per year since 2010. The unemployment rate in Asheville is currently 3.4%, which is significantly lower than the national average of 4.0%.

One of the key drivers of economic growth in Asheville has been the booming tourism industry. The city welcomed a record number of visitors in 2018, with over 9 million people coming to experience its many attractions. This tourism boom has led to strong growth in the hospitality and retail sectors, which have added thousands of new jobs to the local economy over the past few years.

Asheville's strong economy has also helped to support robust housing market conditions. Home prices in Asheville have increased steadily over the past decade, rising by nearly 50% since 2009 according to data from the Federal Housing Finance Agency (FHFA). This appreciation has been driven by strong demand from both buyers and renters as well as limited supply of available homes for sale or rent.

The median sales price for a home in Asheville was $270,000 in 2018, up from $225,000 just two years earlier. Meanwhile, rents have also increased significantly over this time period, with average rents now exceeding $1,400 per month according to data from Zillow . These trends are expected to continue as more people move to Asheville seeking out its many amenities and attractive lifestyle options.