Market Overview
Home Prices in Montreat, NC
The median home value in Montreat, NC is $626,483 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.8% compared to a year ago and up 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Montreat are priced53% above average. Montreat is part of the Asheville, NC metro area.
Over the past five years, Montreat home values have risen by approximately21.8%, reflecting strong long-term appreciation in this market.
Price History
Montreat Home Price Trend
City Comparison
Montreat vs. National Median
At $626,483, homes in Montreat cost 53% above the national median of $410,000. Buyers in Montreat should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Montreat?
20% Down Payment
$125,297
on $626,483
Monthly P&I
$3,267/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,149/mo
incl. taxes & insurance
Income Needed
$165,960
gross annual (30% rule)
10% Down Option
$62,648
+ PMI applies
Loan Amount (20% dn)
$501,186
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Montreat, NC?
The median home value in Montreat is $626,483 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.8% year-over-year.
How much have home prices changed in Montreat?
Over the past year, home values in Montreat have decreased by 3.8%. Over five years, prices have risen approximately 21.8%.
How much do I need to earn to buy a home in Montreat?
To comfortably afford the median home price of $626,483 with a 20% down payment ($125,297) at today's rates (6.8%), you'd need a gross annual income of approximately $165,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Montreat compare to the national average home price?
The national median home value is approximately $410,000. At $626,483, homes in Montreat are 53% above the national average.
What metro area is Montreat part of?
Montreat is part of the Asheville, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.