Home prices
The median home in Balfour costs $162,800. Compared to other places in this area this is approximately $42,980 (20%) lower.In comparison to the nation as a whole it is approximately $54,700 (25%) lower, and in comparison to the city of Asheville it is about $107,600 (39%) lower.
Rents
In Balfour the median rent is $627 a month. In comparison to its nearby areas this is about $169 (21%) lower.In comparison to the nation as a whole it is roughly $435 (40%) lower, and it is about $416 (39%) lower in comparison to the city of Asheville.
Nearby places
Mountain Home
Mountain Home is Balfour's neighbor to the northwest. The real estate prices there are similar. Mountain Home's median home cost is $165,000, which is $2,200 (1%) higher than Balfour. The rent there is a little more expensive. The median rent in Mountain Home is $781 a month, which is $154 (19%) higher than Balfour.
Hendersonville
Hendersonville is Balfour's neighbor to the southeast. Housing prices there are a bit more expensive. The median home in Hendersonville costs $188,100, which works out to $25,300 (13%) higher than Balfour. Its rents are a bit more expensive. The median rent in Hendersonville is $864 per month, which is $237 (27%) higher than Balfour.
Laurel Park
Laurel Park is roughly 2 miles south from Balfour. Housing prices there are a lot more expensive. Laurel Park's median home price is $270,800, which is $108,000 (39%) higher than Balfour. Rents there are a bit more expensive. Laurel Park's median rent is $826 a month, which comes out to $199 (24%) higher than Balfour.
Barker Heights
Barker Heights is roughly 3 miles southeast from Balfour. The real estate prices there are somewhat less expensive. The median home in Barker Heights costs $147,000, which is $15,800 (10%) lower than Balfour. Rent there is similar. The median rent in Barker Heights is $647 per month, which comes out to $20 (3%) higher than Balfour.
Horse Shoe
Horse Shoe is about 3 miles west from Balfour. Housing prices there are significantly more expensive. The median home in Horse Shoe costs $258,000, which is $95,200 (36%) higher than Balfour. The rent there is a bit more expensive. In Horse Shoe the median monthly rent is $860, which comes out to $233 (27%) higher than Balfour.
