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
With a population of 209,468, 80,598 total housing units (homes and apartments), and a median house value of $150,852, house prices in Fayetteville are solidly below the national average.
Single-family detached homes are the single most common housing type in Fayetteville, accounting for 62.36% of the city's housing units. Other types of housing that are prevalent in Fayetteville include large apartment complexes or high rise apartments ( 23.56%), duplexes, homes converted to apartments or other small apartment buildings ( 7.16%), and a few row houses and other attached homes ( 3.80%).
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 41.52% owning and 58.48% renting.
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 1940-1969 ( 22.84%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.90%). There's also some housing in Fayetteville built before 1939 ( 1.76%).
Vacant housing appears to be an issue in Fayetteville. Fully 15.28% of the housing stock is classified as vacant. Left unchecked, vacant Fayetteville homes and apartments can be a drag on the real estate market, holding Fayetteville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Fayetteville, where house values have increased just 0.69%, which is annualized rate of 0.07%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Fayetteville's appreciation rate, at 4.36%, has been at or slightly above the national average. In the latest quarter, Fayetteville's appreciation rate has been 1.98%, which annualizes to a rate of 8.15%.
Importantly, this makes Fayetteville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to North Carolina, our data show that Fayetteville's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.
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.
|$825,001 - $1,100,000||0.4|
|$550,001 - $825,000||0.8|
|$440,001 - $550,000||1.4|
|$330,001 - $440,000||3.3|
|$220,001 - $330,000||11.6|
|$110,001 - $220,000||46.1|
|$55,001 - $110,000||29.5|
|$0 - $55,000||6.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
2000 Q1 - 2020 Q2
|* 10 is highest|
|AGE OF Fayetteville HOMES|
|2000 or Newer||18.9|
|1970 - 1999||56.5|
|1940 - 1969||22.8|
|1939 or Older||1.8|
|TYPE OF Fayetteville HOMES|
|Small Apt. Buildings||7.2|
|SIZE OF Fayetteville HOMES|
|5 or more bedrooms||1.93|