Fayetteville AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Fayetteville, AR Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fayetteville Housing Market Information

With a population of 86,751, 34,480 total housing units (homes and apartments), and a median house value of $247,978, Fayetteville real estate is some of the most expensive in Arkansas, although Fayetteville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Fayetteville, accounting for 48.90% of the city's housing units. Other types of housing that are prevalent in Fayetteville include large apartment complexes or high rise apartments ( 35.32%), duplexes, homes converted to apartments or other small apartment buildings ( 10.23%), and a few row houses and other attached homes ( 3.95%).

Fayetteville is dominated by renter-occupied one, two, or no bedrooms apartments. 65.86% of Fayetteville's dwellings are rentals.

There is a lot of housing in Fayetteville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fayetteville built between 2000 and later ( 34.80%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.68%). There's also some housing in Fayetteville built before 1939 ( 3.23%).

Fayetteville Home Appreciation Rates

Appreciation rates for homes in Fayetteville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 39.98%, which ranks in the top 30% nationwide. This equates to an annual average Fayetteville house appreciation rate of 3.42%.

NeighborhoodScout's data show that during the latest twelve months, Fayetteville's appreciation rate, at 4.77%, has been at or slightly above the national average. In the latest quarter, Fayetteville's appreciation rate has been 1.48%, which annualizes to a rate of 6.07%.

Relative to Arkansas, our data show that Fayetteville's latest annual appreciation rate is lower than 50% of the other cities and towns in Arkansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fayetteville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fayetteville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fayetteville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$247,978

Fayetteville, AR HOME PRICES

Value Range
> $1,235,000 1.3
$926,001 - $1,235,000 1.1
$617,001 - $926,000 3.5
$494,001 - $617,000 8.0
$370,001 - $494,000 12.4
$247,001 - $370,000 21.0
$123,001 - $247,000 38.3
$62,001 - $123,000 11.0
$0 - $62,000 3.5

Very High for AR
High for Nation

Value Relative to Nation Value Relative to State
29.1240875912409 3.33333333333333

Number Of Homes And Apartments:
34,480

Fayetteville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
82.72% 3.02%
10
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$882 / per month

Homeownership Rate

Homeownership
Owners 34.14
Renters 65.86
Vacant 6.70

Housing Market Details

 

Age of Homes

AGE OF Fayetteville HOMES
2000 or Newer 34.8
1970 - 1999 48.3
1940 - 1969 13.7
1939 or Older 3.2

Types of Homes

TYPE OF Fayetteville HOMES
Single-Family 48.9
Townhomes 4.0
Small Apt. Buildings 10.2
Apt. Complexes 35.3
Mobile Homes 1.5
Other 0.1

Home Size

SIZE OF Fayetteville HOMES
No Bedroom 3.40
1 Bedroom 15.36
2 Bedrooms 31.89
3 Bedrooms 33.20
4 Bedrooms 14.26
5 or more bedrooms 1.87