Apr
13

Asheville Apartment Rents Most Expensive in NC

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home-prices-riseLiving with roommates to help pay the rent has become the new normal for many in Asheville – particularly for people depending on hourly wages in low-paying industries, area leasing agents say.

And that’s unlikely to change anytime soon as the average cost of renting a home or an apartment in Asheville climbed 7.6 percent from March 2015 through March 2016, the highest surge in North Carolina, according to the San Francisco-based company Apartment List. The median rent for a two-bedroom unit in Asheville has reached $1,180 a month, the highest in the state for that size among a set of 10 large North Carolina cities selected by Apartment List, said Andrew Woo, a company data scientist.

Asheville overtook Charlotte in January to top the state’s costliest rent list, Woo said. Charlotte and Durham are second and third with respective median rents of $1,140 and $1,100 for a two-bedroom unit.

The cost of renting in Asheville is something that can catch new residents by surprise.

“We tell them that they have to have a job or significant savings,” said Kimberly Evans, broker in charge at Alpha Real Estate in Asheville. “If they don’t, we recommend that they delay their plans” until they do one of the two.” Alpha Real Estate’s inventory consists of about 200 apartments and houses for rent, Evans said.

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Categories : Asheville

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