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BY THE RECORDASHEVILLE

Housing

Can people afford to stay?

More than half of Asheville's renter households spend at least 30% of their income on rent and utilities, and about one in four spend half or more.

Period
2020–2024 Census estimates
Area
Asheville city
The Jefferson Apartments, a red brick apartment building built in 1923, at Merrimon Avenue and Chestnut Street.
The Jefferson Apartments at Merrimon Avenue and Chestnut Street, built in 1923.Photo: w_lemay. Source, CC BY-SA 2.0.

Margin of error: 50.2%–58.0%

54 of every 100 renter households spend 30% or more of income on rent and utilities; about 24 spend half or more. 2020–2024 (ACS 5-year).

What that means: When rent and utilities take 30% or more of income, a household is cost-burdened. That leaves less for food, health care and savings.

Two estimates, side by side

The Census publishes a five-year estimate and a one-year estimate. They overlap and use different samples, so they sit next to each other here, never on one trend line.

2024 (ACS 1-year)

54.3%

± 7.8 points

Different survey product, not comparable to the five-year figure

2020–2024 (ACS 5-year)

54.1%

± 3.9 points

Homes Council approved, and what's confirmed since

11 housing projects in these records, 1,030 homes planned among the 11 that state a number. 10 of 11 aren't verified past approval or funding yet, 2 had an award taken back, and the record confirms homes built at 1.

Each project is counted once. A home approved in 2023 and finished later is still one home.

See every stage for every project
Housing projects by stage. 2 of 10 homes built, using other funding
ProjectHomesApprovedFundedBuildingFinishedLived in
Redwood Commons2023 Housing Trust FundRentals for households at 30% to 80% of area median income$1.8 million loan70Apr 2023Apr 2023Not verifiedNot verifiedNot verified
Reimagining Deaverview (82-apartment plan)2023 Housing Trust FundRentals for households at 30% to 80% of area median incomeGrant taken back October 22, 2024; the $1,035,000 went back to the Housing Trust FundThe plan ended before construction82Apr 2023WithdrawnNot verifiedNot verifiedNot verified
Fairhaven Summit2023 Housing Trust FundRentals for households at 30% to 80% of area median income$500,000 loan77Apr 2023Apr 2023Not verifiedNot verifiedNot verified
Stewart Street Cottages2023 Housing Trust FundHomes for sale at 60% and 80% of area median incomeLoan taken back after the developer proposed changes outside the approved terms2 of 10 homes built, using other funding10Apr 2023WithdrawnNot verifiedPartlyNot verified
383 N. Louisiana Ave.2026 rezoningEvery home at 80% of area median income or belowConditional rezoning89Mar 2026Not verifiedNot verifiedNot verifiedNot verified
50 Coxe Ave.2026 rezoningEvery home affordable for at least 30 years: 11 at 20% of area median income, 35 at 30%, 113 at 60%, 44 at 80%Conditional rezoning203Apr 2026Not verifiedNot verifiedNot verifiedNot verified
Pine Lane Apartments2026 bond financingEvery home at 60% of area median income or below, for 30 yearsCouncil approved the housing authority's bond financingWhether the bonds were issued isn't in the record126Apr 2026Not verifiedNot verifiedNot verifiedNot verified
District East CommonsCDBG-DR Multi-Family Housing ProgramAward to Commonwealth Development Corporation; unit counts are not stated in the motionAward authorized; amount not stated in the motion93May 2026May 2026Not verifiedNot verifiedNot verified
319B BiltmoreCDBG-DR Multi-Family Housing ProgramAward to Laurel Street; unit counts are not stated in the motionAward authorized; amount not stated in the motion112May 2026May 2026Not verifiedNot verifiedNot verified
Terrace at River HillsCDBG-DR Multi-Family Housing ProgramMountain Housing Opportunities / South Creek DevelopmentApproved 6–1 on June 9, after a May 12 motion died for lack of a secondUp to $9.5 million126Jun 2026Jun 2026Not verifiedNot verifiedNot verified
29 Oak Hill DriveSale of city-owned land10 townhomes at or below 80% of area median income, 10 at or below 100%, and 22 at or below 110%, for 20 yearsDevelopment and Sale Agreement authorized42Jun 2026Not verifiedNot verifiedNot verifiedNot verified

What that means: A project moves from approval to funding, then building, then people moving in. Approval alone does not mean homes were built.

Rent-burdened households

Asheville city

Share of renter households whose gross rent was at least 30% of household income, among households where the ratio could be computed. The Census “not computed” group is excluded from the denominator. Severe burden (at least 50% of income) was 23.5% (±3.2 points) in the 2020–2024 five-year data.

What this can't tell you

  • The two products shown (the 2020–2024 five-year estimate and the 2024 one-year estimate) use overlapping periods and different samples. They sit side by side; they are never drawn as a trend.
  • The 2025 one-year release was not yet available on the retrieval surface as of October 16, 2026. It is added when published.
  • Uncertainty uses the Census-published derived-ratio method, never naive addition of margins.
  • Cells were retrieved live from the Census Reporter mirror on October 16, 2026; the pipeline re-verifies against the Census Bureau's own API once its key is configured.

City-subsidized affordable homes since 2001

Asheville city (city-supported programs only)

Affordable housing units subsidized by the City of Asheville since 2001, through sources including Land Use Incentive Grants, the Housing Trust Fund, conditional zoning, and the housing bond. Of these, 36% are at 60% of area median income or below, and the rest are set for up to 80%.

What this can't tell you

  • This counts subsidies, not completed or occupied homes. Approval and funding are not delivery.
  • At least 107 subsidized affordable units are set to expire over the next decade, per the same presentation.
  • Figure as presented June 25, 2024, during the Affordable Housing Plan worksession.

This site hasn't yet collected a count of completed income-restricted homes. The city's affordable housing dashboard may show one; this site hasn't verified it. This measure reports subsidies, and a completed-homes measure stays open until one is verified.

What we don't know yet

  • This site hasn't yet collected a count of completed income-restricted homes. The city's affordable housing dashboard may show one; this site hasn't verified it.
  • Construction status for the spring 2026 approvals isn't in the reviewed record.

Words on this page

Rent-burdened
Spending 30% or more of household income on rent and utilities. At 50% or more, it's called severe.
Area median income (AMI)
The middle income for the region, set each year by the federal housing department. Homes for “80% AMI” are for households earning up to 80% of it.
Conditional zoning
Council allowing one specific project on one property, with conditions attached, such as how many homes must stay affordable.
Housing Trust Fund
City money lent or granted to builders of affordable homes.
Carried unanimously
The minutes' wording when every member voting supported a motion. Unanimous votes don't list each member by name; the minutes name members only when they vote no, recuse, or are absent.
Consent agenda
A batch of routine items Council approves together in a single vote.