Mills River 28759

Asheville, NC · Henderson County, NC · 4,790 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

38affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
37.5%
severe
Days on market
72
daily
Price cuts
19.7%
of active
Valuation
-66.2%
vs assessor
Look up an address
31
/100
weak
cooling · balanced · prices easing year-over-year.

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

81/ 100SellerBalancedBuyer
Strong Buyer's Market
Needs 20% correction for affordability
DOM: 97d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)75
Valuation Gap (25%)80
Supply & Demand (20%)100
Buy vs Rent (15%)50
Cancellation Rate (10%)100
Days on Market (5%)100

Strong buyer leverage in 28759. If you must buy now, offer 10-15% below list price. Payment burden: 37.5% of median income. A 7% price correction needed to reach 30% affordability threshold. Median days on market: 97. Renting is approximately 33% cheaper than buying (price-to-rent ratio: 16.0). Market appears 21% overpriced vs. assessed values.

What to Offer

Offer 10-15% below list price. Sellers are under pressure.

Conditions most similar to late 2007 — overvaluation without corresponding income growth. Significant correction potential.
COOLINGBALANCED

Market is cooling with expanding inventory. Conditions are balanced between buyers and sellers. Prices down 2.3% YoY.

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Market snapshoteach number, once

Median price
$550,047
▾ 2.3% YoY
Days on market
72
daily · zip_data
Median rent
$2,863
ZORI
Investor score
61/100
cash-flow lens
Active listings
63
90-day

Valuation3 lenses, different anchors

vs assessor
-66.2%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$185,995
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+56.8%
County-wide market — the widest, slowest signal.
Henderson+56.8%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$242
Price-to-income6.2×

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How 28759 ranks in NC
percentile vs all NC ZIPs
Comparative ranking not available for this ZIP.

Affordability, supply & momentum

13SUPPLY
OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply21.4 mo
Days on Market72d
Inv vs History+21.4%
Listing Density21.7/1k
Market dynamics
Price cut %19.7%
Momentumcooling
LeverageBALANCED
Months of supply21.4
Sales (90d)0
Investment analysis
Median rent$2,863
Price-to-rent16.0
Est. cap rate4.1%
Buy vs rentneutral

Livability

Walk score1
Transit score2
Bike score

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Henderson County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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