Is Buncombe County, NC good for real estate investing?

Buncombe County has an investment score of 40/100, rated as "Avoid". The county ranks #953 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in Buncombe?

The rent-to-price ratio in Buncombe County is 4.77% annually, which ranks in the 19th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Buncombe?

The median home price in Buncombe County is $449,409. This ranks #870 in affordability among all US counties.

Can you cash flow on rental properties in Buncombe?

Based on median values with 20% down at current rates, a typical rental in Buncombe County would generate negative cash flow of $1,194/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Buncombe County

North CarolinaPopulation: 269,449

/100

Avoid

#953 of 1,000 counties

#97 in North Carolina (100 counties)

Market Snapshot

$449,409

Median Home Price

64% above national median

$1,786/mo

Median Rent

19% above national median

4.77%

Rent-to-Price Ratio

Top 81% nationally

-$1,194

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$449,409

Down Payment (20%)$89,882

Loan Amount$359,527

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,786

Monthly P&I-$2,356

Est. Expenses (35%)-$625

Net Cash Flow-$1,194/mo

3.1%

Cap Rate (all cash)

-13.9%

Cash-on-Cash Return

4.77%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 3.1% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

40/100

Cash Flow(30%)

42/100

Based on 4.77% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

34/100

Based on -3.2% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

32/100

Price-to-income ratio of 6.8x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

+Complete rent data available

Challenges

-Below-average rent-to-price ratio (4.77%)
-Declining home values (-3.2% YoY)
-Negative cash flow at typical financing (-$1,194/mo)
-Negative leverage (cap rate 3.1% < mortgage rate 6.9%)

Economic Indicators

Population

269,449

Median Income

$66,531

vs $62,400 national est.

Unemployment Rate

—

Data pending

Price-to-Income

6.8x

Less affordable

Compare to Nearby Counties

County					Verdict
HaywoodNC	45	$339,810	$1,516	5.35%	Hold	View
WakeNC	43	$474,088	$1,668	4.22%	Avoid	View
New HanoverNC	43	$435,002	$1,677	4.63%	Avoid	View
DareNC	41	$590,218	Est. pending	—	Avoid	View
CurrentBuncombeNC	40	$449,409	$1,786	4.77%	Avoid
WataugaNC	36	$499,010	$1,790	4.31%	Avoid	View

The Bottom Line

AvoidBuncombe may be challenging for traditional rentals. High prices or low rents make cash flow difficult.

Buncombe County in North Carolina scores 40/100, ranking #953 of 1,000 US counties (top 95%). The 4.77% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow

$-1,194/mo

Cap Rate

3.1%

Cash-on-Cash

-13.9%

Ready to Analyze a Deal in Buncombe?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRR House HackOwner-occupied strategy Multifamily5+ unit properties

Explore Other Markets

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$449,409

Down Payment (20%)$89,882

Loan Amount$359,527

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,786

Monthly P&I-$2,356

Est. Expenses (35%)-$625

Net Cash Flow-$1,194/mo

3.1%

Cap Rate (all cash)

-13.9%

Cash-on-Cash Return

4.77%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 3.1% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

40/100

Cash Flow(30%)

42/100

Based on 4.77% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

34/100

Based on -3.2% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

32/100

Price-to-income ratio of 6.8x. Lower ratios indicate more affordable markets.

County

Verdict

HaywoodNC

$339,810

$1,516

5.35%

Hold

View

WakeNC

$474,088

$1,668

4.22%

Avoid

View

New HanoverNC

$435,002

$1,677

4.63%

Avoid

View

DareNC

$590,218

Est. pending

—

Avoid

View

CurrentBuncombeNC

$449,409

$1,786

4.77%

Avoid

WataugaNC

$499,010

$1,790

4.31%

Avoid

View

The Bottom Line

AvoidBuncombe may be challenging for traditional rentals. High prices or low rents make cash flow difficult.

Monthly Cash Flow

$-1,194/mo

Cap Rate

3.1%

Cash-on-Cash

-13.9%