Median Home PriceBETTER
$449,408.58
Median Rent
$1,786.49/mo
Price-to-Rent RatioBETTER
21.0
Property Tax RateTIE
0.84%
Price Change (1Y)
-3.2%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$275,880
Median Home Price
$474,087.73
Median RentBETTER
$1,667.86/mo
Price-to-Rent Ratio
23.7
Property Tax RateTIE
0.84%
Price Change (1Y)BETTER
-2.4%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$331,063
Key Differences
Home Prices
Asheville's median home price of $449,408.58 is lower than Raleigh's $474,087.73 by 5%.
Monthly Rent
Renting in Asheville costs $1,786.49/mo compared to $1,667.86/mo in Raleigh—a difference of $118.63/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.