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ZIP Code · NC

ZIP 28704

Part of Arden, NC
Pop. 24,138·Buncombe County·149th most expensive ZIP in North Carolina
Median rent (all units)
$1,553/mo
Year-over-Year
-3.3%
Month-over-Month
Stable
vs US Median
-$412
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 28704 · $1,553
More affordable than 70% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,370
1 BR
$1,600
2 BR
$1,750
3 BR
$2,130
4 BR+
$2,940
Research median
$1,750/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$18,636/yr
At $1,553/mo median
Location
CityArden
StateNC
CountyBuncombe County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 3.3% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-3.3% YoY, -0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 28704 (Arden, NC) is majority owner-occupied, 40.7% of residents hold a bachelor's degree or higher.

Population
24,138
Median income
$81,096
Median age
40.3
Renters
40.7%
Age distribution
19.4%
22.4%
31.1%
17.1%
Under 1819.4%
18–3422.4%
35–5431.1%
55–6410.1%
65+17.1%
Gender
50.8%
49.2%
Male50.8%
Female49.2%
Race & ethnicity
71.8%
13.1%
White71.8%
Black7.5%
Hispanic13.1%
Asian2.1%
Other5.5%
Education (25+)
23.8%
27.6%
40.7%
No HS diploma7.8%
HS diploma23.8%
Some college27.6%
Bachelor's+40.7%
Housing tenure
59.3%
40.7%
Owner59.3%
Renter40.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 28704 in Arden, NC has changed in 5 years

Income
$71,026 → $81,096
up 14.2%
Population
21,608 → 24,138
up 11.7%
Renter share
38.4% → 40.7%
+2.3 pts
Bachelor's+
40.5% → 40.7%
+0.2 pts

Local incomes tracked alongside that move, going from a median of $71,026 in 2021 to $81,096 more recently. Headcount in the area went from 21,608 to 24,138 between 2021 and 2024, a 11.7% change. About 40.7% of households rent today, against 38.4% in 2021.

Community

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Local insights

Tips for renters in ZIP 28704

About renting in ZIP 28704

Last updated: July 20, 2026

ZIP code 28704 covers Arden, NC. The median rent here is $1,553/mo as of July 2026. A 1-bedroom rents for a median of $1,600/mo. A 2-bedroom rents for a median of $1,750/mo.

At 23% of local median household income ($81,096/yr), ZIP 28704 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 28704?

As of July 20, 2026, the median monthly rent in ZIP 28704 (Arden, NC) is $1,553. This is based on aggregated data from public sources and community submissions.

How does ZIP 28704 rent compare to the US average?

ZIP 28704's median rent of $1,553/mo is $412 (21%) below the US national median of $1,965/mo.

How does ZIP 28704 compare to other ZIPs in North Carolina?

ZIP 28704 falls in the middle range for North Carolina, ranking #149 out of 227 ZIPs at $1,553/mo.

How much income do you need to rent in ZIP 28704?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,553/mo in ZIP 28704. The local median household income is $81,096/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 28704?

Rent in ZIP 28704 has decreased 3.3% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 28704 an affordable place to rent?

ZIP 28704 is considered very affordable for renters. At $1,553/mo, rent takes approximately 23% of the local median household income ($81,096/yr). The standard benchmark is 30%. ZIP 28704 falls comfortably within that range.

What percentage of ZIP 28704 residents rent vs. own?

According to Census data, approximately 40.7% of ZIP 28704 households are renters, while 59.3% are owner-occupied. ZIP 28704 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 28704 compare to the rest of Arden?

ZIP 28704 is pricier than Arden as a whole. At $1,553/mo, it's $6 above the Arden citywide median of $1,547/mo.

When was rent data for ZIP 28704 last updated?

Rent data for ZIP 28704 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,553/mo, rent takes ~23% of ZIP 28704's median household income ($81,096/yr). The standard benchmark is 30%.

ZIP 28704 23%Benchmark 30%
State income tax4.5%
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Schools nearby

Public schools near ZIP 28704 (Arden, NC)

Recent submissions

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