ZIP Code · NC

ZIP 28805

Part of Asheville, NC

Pop. 19,993·Buncombe County·122nd most expensive ZIP in North Carolina

Median rent (all units)

$1,652/mo

Year-over-Year

+2.1%

Month-over-Month

+0.6%

vs US Median

-$280

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 28805 · $1,652

More affordable than 62% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,240

1 BR

$1,440

2 BR

$1,580

3 BR

$1,920

4 BR+

$2,650

Research median

$1,580/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 28805 is at its highest level since Zillow's records here began in January 2022.

Past year vs. the rest of North Carolina

Rent in ZIP 28805 changed +2.1% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.

Recent direction

Rent has risen 2 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($75,151) is $1,879 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,580); a 3-bedroom is $1,920.

Rank in Asheville

2nd cheapest of 5 ZIP codes in Asheville.

From Zillow's monthly rent index (ZORI) for ZIP 28805. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,824/yr

At $1,652/mo median

Location

CityAsheville

StateNC

CountyBuncombe County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.1% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 28805 (Asheville, NC) is majority owner-occupied, has a large retiree population, 53.4% of residents hold a bachelor's degree or higher.

Population

19,993

Median income

$75,151

Median age

Renters

35.9%

Age distribution

16.1%

20.7%

23.3%

12.1%

27.7%

Under 1816.1%

18–3420.7%

35–5423.3%

55–6412.1%

65+27.7%

Gender

48.8%

51.2%

Male48.8%

Female51.2%

Race & ethnicity

84%

White84%

Black5.8%

Hispanic5.3%

Asian1%

Other3.9%

Education (25+)

21.5%

22%

53.4%

No HS diploma3.1%

HS diploma21.5%

Some college22%

Bachelor's+53.4%

Housing tenure

64.1%

35.9%

Owner64.1%

Renter35.9%

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

2022 vs 2026

How ZIP 28805 in Asheville, NC has changed in 5 years

Rent

$1,377 → $1,652

up 20.0%

Income

$54,911 → $75,151

up 36.9%

Population

20,147 → 19,993

down 0.8%

Renter share

37.9% → 35.9%

-2.0 pts

Bachelor's+

46.5% → 53.4%

+6.9 pts

Median age

45.9 → 45

-0.9 yrs

Across the past five years, the going rent in ZIP 28805 in Asheville, NC has shifted from $1,377 to $1,652, up 20.0% since 2022. Household income in the area moved from $54,911 to $75,151 across the same window, up 36.9% versus 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. The renter share has eased from 37.9% to 35.9%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 46.5% to 53.4% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 28805 in Asheville, NC look reasonable against where the market sat half a decade ago.

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About renting in ZIP 28805

Last updated: October 17, 2026

ZIP code 28805 covers Asheville, NC. The median rent here is $1,652/mo as of October 2026. A 1-bedroom rents for a median of $1,440/mo. A 2-bedroom rents for a median of $1,580/mo.

At 26% of local median household income ($75,151/yr), ZIP 28805 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 28805?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (about $32/hour full-time) to afford the median rent of $1,652/mo in ZIP 28805. The local median household income is $75,151/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 28805?

Rent in ZIP 28805 has risen 2.1% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2022.

How does ZIP 28805 compare to other ZIPs in North Carolina?

ZIP 28805 is in the middle among North Carolina ZIP codes for rent, ranking #122 of 230 at $1,652/mo. Over the year to September 2026, rent in ZIP 28805 changed +2.1%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.