Fayetteville, NC 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 Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Fayetteville, NC Housing Market Trends

With a population of 211,657, 80,956 total housing units (homes and apartments), and a median house value of $154,649, 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 61.61% of the city's housing units. Other types of housing that are prevalent in Fayetteville include large apartment complexes or high rise apartments ( 24.21%), duplexes, homes converted to apartments or other small apartment buildings ( 7.30%), and a few row houses and other attached homes ( 3.69%).

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 41.19% owning and 58.81% 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 ( 22.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.80%). There's also some housing in Fayetteville built before 1939 ( 1.78%).

Vacant housing appears to be an issue in Fayetteville. Fully 14.71% 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.

Fayetteville Home Appreciation Rates

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 10.81%, which is annualized rate of 1.03%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

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 9.17%, which is higher than appreciation rates in 85.45% 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 1.77%, which equates to an annual appreciation rate of 7.28%.

Relative to North Carolina, our data show that Fayetteville's latest annual appreciation rate is higher than 80% 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.

Average Home Values

 

Median Home Value:
$154,649

Fayetteville, NC HOME PRICES

> $1,171,000
0.4%
0.4%
$878,001 - $1,171,000
0.5%
0.5%
$585,001 - $878,000
1.0%
1.0%
$468,001 - $585,000
1.4%
1.4%
$351,001 - $468,000
3.1%
3.1%
$234,001 - $351,000
11.4%
11.4%
$117,001 - $234,000
46.4%
46.4%
$59,001 - $117,000
29.4%
29.4%
$0 - $59,000
6.4%
6.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for NC

Value Relative To Nation

Number Of Homes And Apartments:
80,956

Fayetteville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
40.23% 1.60%
2
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,169 / per month

Homeownership Rate

Owners
41.2%
41.2%
Renters
58.8%
58.8%
Vacant
14.7%
14.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
18.8%
18.8%
1970 - 1999
56.7%
56.7%
1940 - 1969
22.8%
22.8%
1939 or Older
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
61.6%
61.6%
Townhomes
3.7%
3.7%
Small Apt. Buildings
7.3%
7.3%
Apt. Complexes
24.2%
24.2%
Mobile Homes
3.2%
3.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.4%
1.4%
1 Bedroom
8.7%
8.7%
2 Bedrooms
24.8%
24.8%
3 Bedrooms
50.4%
50.4%
4 Bedrooms
12.8%
12.8%
5 or more bedrooms
1.8%
1.8%
0.0% 100.0%
% OF HOMES