Asheville Apartment Inventory Jumps 50% in a Decade

Since 2013, the total volume of apartments in Asheville, NC has surged by half. In the last decade, Asheville has added nearly 8,500 apartment units, bringing its total existing inventory count to about 25,300 units as of 4th quarter 2023. That marks a 50% jump in the last 10 years, accounting for one of the highest total inventory increases in the nation during that time frame, according to data from RealPage Market Analytics. And more supply is on the way in Asheville. As of 4th quarter 2023, another 2,600 units were under construction in Asheville, with about 1,740 of those units expected to deliver in calendar 2024 alone. That represents a more than 160% increase from 2023’s annual supply volume of about 650 units.