Compare Asheville, NC mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Asheville.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Asheville. Plus, shopping lenders is free and there is no obligation.
August 18, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Asheville. Understand how much you need to earn to afford a home in Asheville, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Asheville fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Asheville is right for you.
The median home value for Asheville, NC (Buncombe County) is $394,202
Based on current mortgage rates and a 10% down payment, you need to make $82,237 per year to buy the median priced home in Asheville
With this income, you could qualify for a $354,781 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Asheville is $1,904
The median household income for Asheville, NC (Buncombe County) is $65,474
Based on this income, you can afford a home valued at approximately $313,850
The home price you can afford to buy based on household income in Asheville is 80% of the median home value which means housing prices are very expensive. Asheville (Buncombe County) ranks 100 out of 100 counties in North Carolina and 3,007 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Asheville, NC is very expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Asheville (Buncombe County) below.
Conforming loan limits for Asheville, NC
FHA loan limits for Asheville, NC