Royal Pines, NC housing market
Homes typically sell in 42 days, below asking.
Home values, sales, trends and how Royal Pines compares with the towns next door — updated as new data is published.
Royal Pines at a glance
A seller's market
Supply is tight — about 3.4 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Home prices up 50% in 5 years
The federal house price index for the ZIP codes around Royal Pines rose 50% over the past 5 years, slower than across North Carolina (60%). Last year prices fell 3.2%. Carrying the Census median home value forward with that index puts the typical Royal Pines home at roughly $641,000 today.
Show as a table
| Year | Change that year | Since 2000 | North Carolina since 2000 |
|---|---|---|---|
| 2025 | −3.2% | +202% | +159% |
| 2024 | +4.9% | +212% | +153% |
| 2023 | +10% | +197% | +141% |
| 2022 | +18% | +170% | +121% |
| 2021 | +14% | +130% | +83% |
| 2020 | +3.4% | +102% | +62% |
| 2019 | +3.6% | +95% | +56% |
| 2018 | +7.3% | +88% | +47% |
| 2017 | +9.7% | +76% | +39% |
| 2016 | +5.9% | +60% | +31% |
| 2015 | +5.9% | +51% | +26% |
| 2014 | +5.3% | +43% | +21% |
| 2013 | +2.9% | +35% | +18% |
| 2012 | −2% | +32% | +17% |
| 2011 | −4.3% | +34% | +20% |
| 2010 | −7.4% | +40% | +25% |
| 2009 | −4.5% | +51% | +32% |
| 2008 | +1.8% | +59% | +36% |
| 2007 | +7.2% | +56% | +34% |
| 2006 | +9.3% | +45% | +28% |
| 2005 | +11% | +33% | +19% |
| 2004 | +5% | +20% | +12% |
| 2003 | +3% | +14% | +8.3% |
| 2002 | +4.8% | +11% | +6.7% |
| 2001 | +5.5% | +5.5% | +4.2% |
| 2000 | — | — | — |
How Royal Pines ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 28704, 28803, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Royal Pines and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Royal Pines | — | −3.2%† | $1,820 | — | $107,885 |
| Asheville | $449K | −5% | $1,750 | 743 | $71,102 |
† FHFA price index change, where Zillow has no home value for the town.
3.7 years of income
The typical Royal Pines home costs about 3.7 years of the town's median household income, less than across North Carolina (4.6 years).
How Royal Pines ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,820
HUD's Fair Market Rent for a two-bedroom in Royal Pines is $1,820 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Royal Pines pay a median of $1,596, so moving in tends to cost more than staying put. A two-bedroom takes about 20% of the town's median household income.
Studio $1,430 · 4 bedrooms $3,060
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (28704, 28803; 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. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.