Similar to nearby areas, it's similar compared to the entire country. However it's a little less expensive compared to the city of Asheville.
Home prices
The median home price in Gerton is $218,200. Compared to the surrounding areas this is roughly $7,300 (3%) higher.In comparison to the rest of the country it is is very similar, and compared to the city of Asheville it is about $52,200 (19%) lower.
Rents
In Gerton the median rent is $574 per month. It is roughly $183 (24%) lower compared to its nearby areas.In comparison to the entire nation it is approximately $488 (45%) lower, and compared to the city of Asheville is roughly $469 (44%) lower.
Nearby places
Hoopers Creek
Hoopers Creek is approximately 4 miles southwest from Gerton. Real estate prices there are somewhat less expensive. The median home in Hoopers Creek costs $199,900, which comes out to $18,300 (9%) lower than Gerton. Rents there are significantly more expensive. The median monthly rent in Hoopers Creek is $968, which works out to $394 (40%) higher than Gerton.
Chimney Rock Village
Chimney Rock Village is roughly 5 miles east of Gerton. Housing prices there are pretty similar. Chimney Rock Village's median home cost is $220,000, which is very similar to Gerton. Rent there is a little more expensive. In Chimney Rock Village the median rent is $704 a month, which works out to $130 (18%) higher than Gerton.
Edneyville
Edneyville is about 5 miles south from Gerton. The real estate prices there are somewhat less expensive. The median home in Edneyville costs $207,300, which works out to $10,900 (5%) lower than Gerton. Rent there is a bit more expensive. In Edneyville the median monthly rent is $780, which works out to $206 (26%) higher than Gerton.
Fruitland
Fruitland is about 6 miles southwest of Gerton. The housing prices there are substantially less expensive. The price of the median home in Fruitland is $88,700, which comes out to $129,500 (145%) lower than Gerton. Rents there are fairly similar. In Fruitland the median rent is $591 per month, which works out to $17 (2%) higher than Gerton.
Lake Lure
Lake Lure is roughly 7 miles east of Gerton. Its housing prices are significantly more expensive. The median home in Lake Lure costs $338,600, which works out to $120,400 (35%) higher than Gerton. Its rents are a bit more expensive. In Lake Lure the median rent is $744 per month, which is $170 (22%) higher than Gerton.
