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ZIP Code · NC

ZIP 28803

Pop. 33,718·Buncombe County·123rd most expensive ZIP in North Carolina
Median rent (all units)
$1,643/mo
Year-over-Year
-4.5%
Month-over-Month
-4.2%
vs US Median
-$322
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 28803 · $1,643
More affordable than 63% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,620
1 BR
$1,890
2 BR
$2,070
3 BR
$2,520
4 BR+
$3,470
Research median
$2,070/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
$19,716/yr
At $1,643/mo median
Location
StateNC
CountyBuncombe County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-4.5% YoY, -4.2% MoM), not inventory.
Demographics

Who lives here

ZIP 28803 (Asheville, NC) is majority owner-occupied, has a large retiree population, 55% of residents hold a bachelor's degree or higher.

Population
33,718
Median income
$76,662
Median age
41.6
Renters
44.9%
Age distribution
15.6%
25.8%
23%
23.9%
Under 1815.6%
18–3425.8%
35–5423%
55–6411.7%
65+23.9%
Gender
48.2%
51.8%
Male48.2%
Female51.8%
Race & ethnicity
80.6%
White80.6%
Black6.6%
Hispanic9.1%
Asian1.6%
Other2.1%
Education (25+)
15.9%
24.4%
55%
No HS diploma4.7%
HS diploma15.9%
Some college24.4%
Bachelor's+55%
Housing tenure
55.1%
44.9%
Owner55.1%
Renter44.9%

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

2021 vs 2026

How ZIP 28803 in Asheville, NC has changed in 5 years

Rent
$1,391 → $1,643
up 18.1%
Income
$60,290 → $76,662
up 27.2%
Population
34,036 → 33,718
down 0.9%
Renter share
47.2% → 44.9%
-2.3 pts
Bachelor's+
49.8% → 55%
+5.2 pts

Rent in ZIP 28803 in Asheville, NC has climbed 18.1% since 2021, going from about $1,391 per month to roughly $1,643 today. Local incomes tracked alongside that move, going from a median of $60,290 in 2021 to $76,662 more recently. Income growth outran rent by about 9.1 percentage points, easing the affordability math somewhat compared with 2021. About 44.9% of households rent today, against 47.2% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 49.8% to 55%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 28803 in Asheville, NC market of 2021.

Community

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Local insights

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About renting in ZIP 28803

Last updated: July 20, 2026

ZIP code 28803 covers Asheville, NC. The median rent here is $1,643/mo as of July 2026. A 1-bedroom rents for a median of $1,890/mo. A 2-bedroom rents for a median of $2,070/mo.

At 26% of local median household income ($76,662/yr), ZIP 28803 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 4.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 28803?

As of July 20, 2026, the median monthly rent in ZIP 28803 (Asheville, NC) is $1,643. This is based on aggregated data from public sources and community submissions.

How does ZIP 28803 rent compare to the US average?

ZIP 28803's median rent of $1,643/mo is $322 (16%) below the US national median of $1,965/mo.

How does ZIP 28803 compare to other ZIPs in North Carolina?

ZIP 28803 falls in the middle range for North Carolina, ranking #123 out of 227 ZIPs at $1,643/mo.

How much income do you need to rent in ZIP 28803?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (~$32/hour full-time) to afford the median rent of $1,643/mo in ZIP 28803. The local median household income is $76,662/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 28803?

Rent in ZIP 28803 has decreased 4.5% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 28803 an affordable place to rent?

ZIP 28803 is considered affordable for renters. At $1,643/mo, rent takes approximately 26% of the local median household income ($76,662/yr). The standard benchmark is 30%. ZIP 28803 falls comfortably within that range.

What percentage of ZIP 28803 residents rent vs. own?

According to Census data, approximately 44.9% of ZIP 28803 households are renters, while 55.1% are owner-occupied. ZIP 28803 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 28803 compare to the rest of Asheville?

ZIP 28803 is more affordable than Asheville overall. At $1,643/mo, it's $45 below the Asheville citywide median of $1,688/mo.

When was rent data for ZIP 28803 last updated?

Rent data for ZIP 28803 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,643/mo, rent takes ~26% of ZIP 28803's median household income ($76,662/yr). The standard benchmark is 30%.

ZIP 28803 26%Benchmark 30%
State income tax4.5%
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Schools nearby

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