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City · 6,323 residents · Henderson County, North Carolina

East Flat Rock , North Carolina

In East Flat Rock, a typical home is worth $245,900 and typical rent is $1,015 a month. Compared with all of Henderson County, the typical home value is 30% lower, typical rent is 14% lower, and the share of households that own their home is 11 points lower.

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  • Typical home value

    $245,900

    30% below the county

    15% below North Carolina

    • East Flat Rock
    • Henderson
    • North Carolina

  • Typical rent

    $1,015a month

    14% below the county

    17% below North Carolina

    • East Flat Rock
    • Henderson
    • North Carolina

  • Typical household income

    $59,583a year

    13% below the county

    18% below North Carolina

    • East Flat Rock
    • Henderson
    • North Carolina

  • Households that own their home

    64%

    11 points below the county

    2 points below North Carolina

    • East Flat Rock
    • Henderson
    • North Carolina

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$288,293
4% less than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

East Flat Rock is in Henderson County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Henderson County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets East Flat Rock apart

What this place has that others do not, from public data, most unusual first.

  1. The typical home in East Flat Rock is worth $245,900, 30% less than in Henderson County as a whole ($351,400).

  2. According to Zillow, in the 12 months to September 2026 the typical home value in East Flat Rock fell 4%; in North Carolina, it barely changed.

  3. 64% of households in East Flat Rock own their home, against 75% in Henderson County.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in East Flat Rock

What homes there are in East Flat Rock, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In East Flat Rock, 6 in 10 homes are single-family detached houses; in Henderson County, 7.

In East Flat Rock there are many mobile homes: 33% of homes; in Henderson County, 15%.

Year built

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,333 a month

Henderson County: $1,608 a month

Without a mortgage

$428 a month

Henderson County: $482 a month

Owners with a mortgage

46%

Henderson County: 54%

Owning costs less in East Flat Rock: with a mortgage, the typical cost is $1,333 a month; in Henderson County, $1,608. Without one, $428.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in East Flat Rock rose 58%; in Henderson County, it rose 64%.

The typical rent in East Flat Rock rose 57% over the same time; in Henderson County, it rose 39%.

Here income did not keep up with housing: it rose 28%, while home values changed +58% and rent +57%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureEast Flat RockHenderson CountyNorth CarolinaUnited States
Rental vacancy Unreliable estimate6.7%7.1%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.3%0.9%
More than one person per room Unreliable estimate1.4%2.2%3.4%
People per household 2.782.292.442.53
Drive alone 82%76%72%69%
Carpool Unreliable estimate11%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home Unreliable estimate10%16%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

On average, a household in East Flat Rock has 2.78 people, more than in Henderson County (2.29).

To get to work, 82% of workers in East Flat Rock drive alone; in Henderson County, 76%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in East Flat Rock?

A typical home costs more than the typical income allows

We start with a typical home in East Flat Rock, worth $245,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 39% of the typical household income in East Flat Rock, which is $59,583 a year. For that payment to be 28% of income, a household would need to earn about $82,927 a year.

The calculator's FHA and conventional loan limits are those of all of Henderson County.

Your numbers

Local data
$

Starts at the typical home value in East Flat Rock. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,607 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,935

at 7.18% · 30 years

Loan amount
$241,446
Total interest
$347,384
Paid off in
November 2056

Includes $4,153 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,390 a month

  • Tight

    $1,390 to $1,787 a month

  • Hard

    more than $1,787 a month

    Your payment · 39%

Compared with the typical household income in East Flat Rock ($59,583 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,935
Principal & interest$1,636
Property tax$88
Home insurance$103
FHA mortgage insurance (MIP)$109

You need at least $8,607 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

East Flat Rock and Henderson County

East Flat Rock is in Henderson County, North Carolina. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

East Flat Rock's own numbers

Typical home value
$245,900
Typical monthly rent
$1,015
Typical yearly household income
$59,583
Households that own their home
64%
Effective property tax rate
0.43%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Henderson County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,866
Price change over 5 years (FHFA)
+58%
Homes in a high flood-risk zone
1.1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Henderson County.

Everything about Henderson County

Buying

Buying a home in East Flat Rock

A typical home in East Flat Rock is worth $245,900: 30% below the county and 15% below North Carolina. With the typical household income in East Flat Rock ($59,583 a year), a typical home costs 4.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • East Flat Rock 4.1 years
  • Henderson 5.2 years
  • North Carolina 4.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Henderson County

According to FHFA’s house price index, home prices in Henderson County rose 111% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Henderson County.

Period County North Carolina U.S.
Last year (2025) −0.0% +2.5% +2.9%
5 years (2020–2025) +58% +60% +47%
10 years (2015–2025) +111% +107% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

East Flat Rock next to Henderson County, North Carolina and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • East Flat Rock $245,900
  • Henderson $351,400
  • North Carolina $288,900
  • United States $332,700
Typical monthly rent
  • East Flat Rock $1,015
  • Henderson $1,187
  • North Carolina $1,228
  • United States $1,413
Typical yearly household income
  • East Flat Rock $59,583
  • Henderson $68,187
  • North Carolina $72,388
  • United States $80,734
See the full table
East Flat Rock next to Henderson County and North Carolina
Measure East Flat Rock Henderson County North Carolina U.S.
Typical home value $245,900 $351,400 $288,900 $332,700
Typical monthly rent $1,015 $1,187 $1,228 $1,413
Typical yearly household income $59,583 $68,187 $72,388 $80,734
Households that own their home 64% 75% 67% 65%
Typical yearly property tax $1,063 $1,810 $1,896 $3,119
Effective property tax rate 0.43% 0.52% 0.66% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Henderson County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in East Flat Rock

For a typical $245,900 home in East Flat Rock, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, East Flat Rock's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,935a month

    Least cash to close
    Down payment
    $8,607
    Cash to close
    $15,984
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $109

  • Conventional, 5% down $1,890a month

    Down payment
    $12,295
    Cash to close
    $19,672
    Rate
    7.18%
    Mortgage insurance
    PMI · $117

  • Conventional, 20% down, no PMI $1,523a month

    Down payment
    $49,180
    Cash to close
    $56,557
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,751a month

    Down payment
    $36,885
    Cash to close
    $44,262
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for East Flat Rock and for Henderson County.

Property tax

Effective rate in East Flat Rock

0.43%of the home’s value each year

$1,063 a year for the typical owner in East Flat Rock.

  • East Flat Rock 0.43%
  • Henderson 0.52%
  • North Carolina 0.66%

What North Carolina publishes Elderly or Disabled Homestead Exclusion (North Carolina General Assembly (statute))

Exemptions and deadlines in North Carolina

Flood risk in Henderson County

FEMA does not publish these numbers by city: they are for all of Henderson County.

Homes in the high-risk zone
1.1%
562
Of those, with NFIP insurance
44%
County North Carolina U.S.
Homes in the high-risk zone 1.1% 2.8% 3.5%
Of those, with NFIP insurance 44% 53% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in East Flat Rock

Typical rent in East Flat Rock is $1,015 a month: 14% below the county.

HUD publishes a fair market rent for all of Henderson County, by unit size. To pay the 2-bedroom one ($1,866 a month) without spending more than 30% of your income, you would need to earn $35.88 an hour working full time.

HUD fair market rent for all of Henderson County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,482 $28.50 $59,280
1 bedroom $1,714 $32.96 $68,560
2 bedrooms $1,866 $35.88 $74,640
3 bedrooms $2,223 $42.75 $88,920
4 bedrooms $3,109 $59.79 $124,360

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in East Flat Rock

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). East Flat Rock has 2 ZIP codes with their own.

For 2 bedrooms it is $1,660 in all of them.

None is above the fair market rent for Henderson County ($1,866).

  • 28726 $1,660$2,010
  • 28731 $1,660$2,010

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for East Flat Rock when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in East Flat Rock

HUD lists one building with rents for lower incomes in East Flat Rock.

  • Parkside Commons 107 E Blue Ridge Rd, East Flat Rock 28726 25 low-income homes · 1 bd: 21 · 2 bd: 4 · In service since 2004 · For older adults

See all 16 buildings in Henderson County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in East Flat Rock

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Henderson County. The nearest ones are below; many serve by phone or online.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in East Flat Rock

No down payment, repair or rent-help program on our list is for East Flat Rock or Henderson County. The ones below are statewide in North Carolina: they work in East Flat Rock the same as in the rest of the state.

Which programs do I qualify for? All programs in North Carolina

  • NC Home Advantage Mortgage

    Statewide in North Carolina

    NCHFA fixed-rate mortgage with down payment assistance, for first-time buyers and for people who have owned a home before, in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Forgivable

    See the program Official page

  • NC 1st Home Advantage Down Payment

    Statewide in North Carolina

    A fixed amount of NCHFA down payment assistance for first-time buyers and veterans in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Type not stated

    See the program Official page

  • Community Partners Loan Pool (CPLP)

    Statewide in North Carolina

    NCHFA interest-free loan with deferred payments of up to 25% of the price (maximum $50,000) for the down payment of low- and moderate-income buyers in North Carolina; you apply through a member organization. Offered by North Carolina Housing Finance Agency (NCHFA).

    Deferred

    See the program Official page

Housing counselors near East Flat Rock

The HUD-approved agencies closest to the center of East Flat Rock, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Consumer Credit Counseling Service of Wnc, Inc. - DBA - Ontrack Financial Education & Counseling

    50 S French Broad Ave, Asheville · 23 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (828) 255-5166

  • Mountain Projects, Inc.

    2177 Asheville Rd, Waynesville · 35 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (828) 452-1447

  • Cleveland County Community Development Corporation

    823 W Warren St, Shelby · 49 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 11 more
    (704) 480-7701

All counseling agencies in North Carolina

Help in Spanish near East Flat Rock

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of East Flat Rock

In HUD’s record, no housing authority with an office in Henderson County is named for East Flat Rock or Henderson County.

2 other authorities have an office in Henderson County: see the list Source: HUD

Cities

Other cities in Henderson County

These cities are also in Henderson County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Henderson County Housing in North Carolina

Nearby cities

The cities closest to East Flat Rock, with the typical home value.

Neighboring counties

If Henderson County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in East Flat Rock.

All guides
A family roasts marshmallows over a campfire at a forest campsite.

Questions

Housing questions about East Flat Rock

Short answers with the numbers for East Flat Rock and all of Henderson County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in East Flat Rock?

The typical home value in East Flat Rock is $245,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Henderson County it is $351,400.

How much does it cost to rent in East Flat Rock?

Typical rent in East Flat Rock is $1,015 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Henderson County is $1,866.

What is the FHA loan limit in East Flat Rock?

East Flat Rock uses the FHA limit for all of Henderson County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in East Flat Rock?

The typical homeowner in East Flat Rock pays $1,063 a year, according to the U.S. Census Bureau. That is 0.43% of the home’s value; in Henderson County, the rate is 0.52%.

Where can I find free help to buy or rent in East Flat Rock?

We found no HUD-approved counseling agencies with an office in Henderson County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).