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Home prices in Asheville have steadily risen over the last few years, outpacing national prices. In 2023, Asheville's median home sale price was $485,000.
County-owned properties at 50 and 52 Coxe Avenue in downtown Asheville have also seen affordable housing pitches in the past year, with a recent presentation outlining two plans the county may ...
The condos would've been for sale, where Palmer said one-bedroom units would've sold for $199,000 and two-bedroom units for $239,000 during a 2020 city council meeting on the development.
In the past decade, from fiscal year 2013-14 to 2022-23, City Council approved 5,181 housing units, 1,451 of which are slated to be affordable at 80% AMI or lower.
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The City of Asheville has funded 2,315 affordable housing units since 2001, and in 2022 Buncombe County implemented a $40 million affordable housing bond. The bond has already funded millions in ...