Montreat, NC housing market
The typical Montreat home is worth about $604,000, down 6.1% in a year, 80% above the North Carolina typical home.
Home values, sales, trends and how Montreat compares with the towns next door — updated as new data is published.
Montreat at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2021–2026
Show as a table
| January | Montreat | North Carolina |
|---|---|---|
| 2022 | $535,000 | $287,000 |
| 2023 | $588,000 | $320,000 |
| 2024 | $620,000 | $332,000 |
| 2025 | $640,000 | $338,000 |
| 2026 | $617,000 | $336,000 |
| August 2026 | $604,000 | $335,000 |
2 new homes permitted in 2025
Builders were permitted 2 new homes in Montreat in 2025, all single-family houses, worth about $2.1 million to build. Over the past 10 years, Montreat has permitted 23 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Montreat gained 178 residents while 16 new homes were permitted: about 11 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across North Carolina: 1.7 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 2 | 2 | 0 | $2.1 million |
| 2024 | 2 | 2 | 0 | $1 million |
| 2023 | 3 | 3 | 0 | $3.5 million |
| 2022 | 6 | 6 | 0 | $5.1 million |
| 2021 | 1 | 1 | 0 | $643,000 |
| 2020 | 2 | 2 | 0 | $466,000 |
| 2019 | 2 | 2 | 0 | $900,000 |
| 2018 | 3 | 3 | 0 | $2.5 million |
| 2017 | 1 | 1 | 0 | $350,000 |
| 2016 | 1 | 1 | 0 | $350,000 |
| 2015 | 1 | 1 | 0 | $300,000 |
| 2014 | 1 | 1 | 0 | $300,000 |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 1 | 1 | 0 | $475,000 |
| 2011 | 3 | 3 | 0 | $1.3 million |
| 2010 | 3 | 3 | 0 | $1.2 million |
| 2009 | 4 | 4 | 0 | $1.2 million |
| 2008 | 4 | 4 | 0 | $2.6 million |
| 2007 | 4 | 4 | 0 | $1.5 million |
| 2006 | 6 | 6 | 0 | $2.6 million |
| 2005 | 8 | 8 | 0 | $2.7 million |
| 2004 | 7 | 7 | 0 | $2.3 million |
| 2003 | 7 | 7 | 0 | $1.9 million |
| 2002 | 6 | 4 | 2 | $1.8 million |
| 2001 | 11 | 11 | 0 | $3.2 million |
| 2000 | 8 | 8 | 0 | $2.4 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Montreat and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Montreat | $604K | −6.1% | $1,370 | 2 | $115,568 |
| Black Mountain | $456K | −3.6% | $1,480 | 48 | $77,042 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,370
HUD's Fair Market Rent for a two-bedroom in Montreat is $1,370 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $1,170 · 4 bedrooms $2,320
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (28757; Asheville, NC MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.