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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 101,680 people, 40,423 houses or apartments, and a median cost of homes of $431,207, 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 51.07% of the city's housing units. Other types of housing that are prevalent in Fayetteville include large apartment complexes or high rise apartments ( 33.52%), duplexes, homes converted to apartments or other small apartment buildings ( 8.50%), and a few row houses and other attached homes ( 4.73%).
The most prevalent building size and type in Fayetteville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 38.56% owning and 61.44% renting.
Fayetteville homes and real estate are some of the newest in America. 43.55% of Fayetteville's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Fayetteville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 41.58%), and between 1940-1969 ( 11.88%). There's also some housing in Fayetteville built before 1939 ( 2.99%).
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 117.52%, which ranks in the top 30% nationwide. This equates to an annual average Fayetteville house appreciation rate of 8.08%.
Over the last year, Fayetteville appreciation rates have trailed the rest of the nation. In the last twelve months, Fayetteville's appreciation rate has been 5.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fayetteville were at 0.74%, which equates to an annual appreciation rate of 2.99%.
Relative to Arkansas, our data show that Fayetteville's latest annual appreciation rate is lower than 80% 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.
$431,207
for Arkansas
for nation
40,423
$1,437 / per month