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Fayetteville, AR Real Estate Market

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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fayetteville, AR Housing Market Trends

With a population of 93,949, 35,716 total housing units (homes and apartments), and a median house value of $352,158, 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 50.66% of the city's housing units. Other types of housing that are prevalent in Fayetteville include large apartment complexes or high rise apartments ( 33.15%), duplexes, homes converted to apartments or other small apartment buildings ( 9.74%), and a few row houses and other attached homes ( 4.64%).

Fayetteville is dominated by renter-occupied one, two, or no bedrooms apartments. 65.07% 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 ( 36.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.67%). There's also some housing in Fayetteville built before 1939 ( 3.52%).

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 94.80%, which ranks in the top 30% nationwide. This equates to an annual average Fayetteville house appreciation rate of 6.90%.

Appreciation rates are so strong in Fayetteville that despite a nationwide downturn in the housing market, Fayetteville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fayetteville appreciation rates continue to be some of the highest in America, at 21.09%, which is higher than appreciation rates in 86.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fayetteville. Fayetteville appreciation rates in the latest quarter were at 4.06%, which equates to an annual appreciation rate of 17.27%.

Relative to Arkansas, our data show that Fayetteville's latest annual appreciation rate is higher than 90% 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:
$352,158

Fayetteville, AR HOME PRICES

> $1,502,000
$1,127,001 - $1,502,000
$751,001 - $1,127,000
$601,001 - $751,000
$451,001 - $601,000
$300,001 - $451,000
$150,001 - $300,000
$75,001 - $150,000
$0 - $75,000
1.3%
1.3%
1.0%
1.0%
3.8%
3.8%
5.6%
5.6%
14.9%
14.9%
21.5%
21.5%
37.5%
37.5%
9.5%
9.5%
4.9%
4.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for AR

Value Relative To Nation

Number Of Homes And Apartments:
35,716

Fayetteville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
144.05% 4.05%
9
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,360 / per month

Homeownership Rate

Owners
Renters
Vacant
34.9%
34.9%
65.1%
65.1%
6.7%
6.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
37.0%
37.0%
45.8%
45.8%
13.7%
13.7%
3.5%
3.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
50.7%
50.7%
4.6%
4.6%
9.7%
9.7%
33.2%
33.2%
1.6%
1.6%
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.1%
4.1%
14.1%
14.1%
31.1%
31.1%
33.3%
33.3%
15.2%
15.2%
2.3%
2.3%
0.0% 100.0%
% OF HOMES