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Buncombe County, NC

RANK #961 / 996  ·  POP 269,449  ·  NC

PROJECTED GROWTH: -3.4%

Buncombe County is shedding jobs at a pace that outstrips most U.S. counties.

[01] Why Buncombe County?

Buncombe County, North Carolina, draws attention for its location within the Blue Ridge Mountains and its county seat, Asheville, a hub for arts and outdoor recreation. The county is characterized by diverse landscapes, from rural farmlands to urban centers. Commuting within the county often involves personal vehicles, though public transit options like Mountain Mobility and Asheville Redefines Transit (ART) are available, with some routes connecting to neighboring counties. Residents have access to extensive outdoor recreation, including hiking trails in Pisgah National Forest, scenic overlooks along the Blue Ridge Parkway, and various county parks like Lake Julian Park and the Buncombe County Sports Park. The climate is temperate, with an average snowfall of 13 inches, allowing for year-round outdoor activities.

Life in Buncombe County appeals to a mix of young professionals and retirees, with a community feel that balances natural surroundings and city amenities. The public school system, Buncombe County Schools, is the largest in Western North Carolina, serving nearly 22,000 students across 47 schools and programs. The local economy is influenced by tourism, higher education, and creative industries. Recent economic developments include investments in energy efficiency, water conservation, and renewable energy through programs like NC C-PACE, which provides financing for commercial property owners. Additionally, there have been economic expansion announcements in manufacturing and other sectors, contributing to job growth.

[02] Market Snapshot

Housing Ratio
5.4x

Above national median (4.7x)

GDP Growth
+2.7%

Below national median

Home Prices
-4.6%

Prices declining

Climate & Terrain
2.2

Moderate climate & terrain

Price/Rent
16x

Above national median (13x)

Housing is fairly valued at 5.4x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Buncombe County U.S. National

The Numbers

DEMOGRAPHICS
Population
269,449
+0.92% YoY
Median Household Income
$66,531
Median Home Value
$328,900
-4.61% 12mo
Median Rent
$1,209
Average Annual Pay
$58,785
+4.9% YoY
Employment
136,495
-1.3% YoY
Income-to-Home-Value
0.2023
Near national average
Migration Inflow
2.45%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$462,000
Days on Market
128
Slower market
Months of Supply
7.1
Buyer's market
Sale-to-List Ratio
95.7%
Negotiation room for buyers
Sold Above List
6.7%
Listings w/ Price Drops
20.6%
Building Permits (2024)
3,613
Single-Family Permits
1,379

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,462M
TOTAL
PROJECT AMOUNT STATUS
Asheville Combined Cycle Station
Duke Energy
$817M Operating
Buncombe County Capital Improvement Plan (Various Projects)
Buncombe County Government
$375M Planned
Asheville Energy Complex (Solar and Battery Storage)
Duke Energy
$120M Planned
Ferry Road Community Development
Buncombe County Government, Urban Atlantic
$50M Proposed
Manufacturing Expansions (Pratt & Whitney, System Logistics, BorgWarner)
Pratt & Whitney, System Logistics Corporation, BorgWarner
$50M Operating
Buncombe County Sports Park Improvements
Buncombe County Tourism Development Authority, AstroTurf
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.7% 50 percentile
Population Growth +0.9% 69 percentile
Income Growth +11.4% 93 percentile
Home Price Change -4.6% 3 percentile
Rent Growth -0.7% 7 percentile
Price/Rent 16x 29 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Buncombe County, NC a good place to move to?

Buncombe County has a Boom Town Index score of 4/100, ranking #961 among 996 U.S. counties. With job growth at -1.3% and a median household income of $66,531, it faces some economic headwinds compared to faster-growing counties.

Is Buncombe County affordable?

The median home value in Buncombe County is $328,900 with median rent at $1,209/month. The income-to-home-value ratio is 0.2023, which is less affordable than the national average.

Is Buncombe County growing or shrinking?

Population growth: +0.9% year-over-year. Job growth: -1.3%. Home values changed -4.6% in the past 12 months.

Are people moving to Buncombe County?

Yes — 2.45% of Buncombe County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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