Asheville, NC Multifamily Supply Growth

From RealPage:

Asheville is scheduled to see 3,549 units deliver in calendar 2025, which marks the highest delivery load in the RealPage Market Analytics data set and translates to the highest annual inventory increase in the nation at 13.3%.

It’s no surprise to see Asheville top this list, as this market has grown at one of the fastest clips nationwide in the past 10 years. Still, even in a decade of elevated supply, the small North Carolina market’s annual delivery volume has averaged below 1,000 units.