ZIP 28731

28731 is one of 13 ZIP codes that lie mostly in Henderson County, NC — 81% of its own area is in the county.

Shaded by typical home value, it ranks 4 of the 10 with a value.

3 school locations in 28731: 1 elementary, 1 high, 1 other.

In alphabetical order: Henderson County Career Academy, Henderson County Early College, Upward Elementary. Locations only — no ratings are shown here.

In March 2008 the typical home in 28731 was worth $247,200.

Values peaked at $474,882 in March 2025. The latest reading is −3.5% from that peak.

As of August 2026: $458,423, −1.9% over twelve months.

Start with the typical home: $458,423. Put 20% down and borrow $366,738 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $2,539 a month in principal and interest.

The median household here earns $65,882 a year, $5,490 a month. So the payment takes 46.3% of income — rated “severe” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 24.9% in 2008.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in March 2008 (5.97%) the payment was $1,182.

In December 2020, with rates at 2.68%, it was $1,097.

By August 2026, at 6.67%, it was $2,358 — +115% since December 2020, while the home's value moved +35%.

Reported values rose +85% since March 2008.

General prices (CPI-U) rose +57% over the same span.

Divide one by the other: in August 2026 dollars, the 2008 home was worth $386,966. So the real change is +18%, not +85%.

28731: +85% since March 2008.

Henderson County: +102% since March 2008.

North Carolina: +92% since March 2008 — 28731 ran behind it by 6 points.

Owning the typical home costs about $2,998 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,802 a month.

Price divided by a year's rent: 21.2. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 12 a month (Redfin, 3-month rolling data through August 2026).

On the shelf — homes for sale at the end of the period: 72.

Going out — closed sales: about 14 a month. The drain is drawn 1% narrower: the share of homes for sale that sell each month is 99% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 5.3 months of supply — inside the 4–6 month balanced range. In the basin, that is the water level against the shaded balanced band.

The net reading: about 2 more homes sold than came on each month, so inventory is shrinking. The basin is draining.

Homes sold: about 14 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 15 — so sales ran at 93% of it, and below it in 18 of the last 24 months.

Across Henderson County, builders pulled permits for 1,093 new homes in 2025.

Of those, 63% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Henderson County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 1,748 moved in. Among the ten receiving the most, 1,510 moved out.

Net across those counties: +238 households. Beside it, homes for sale in this ZIP: 72 in June 2026.

Most arrivals came from Buncombe, NC (1,093 households); most departures went to Buncombe, NC (703).