Fayetteville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Fayetteville Neighborhoods Since 2000




Fayetteville, NC Real Estate Data


Fayetteville Housing Market Information

With 201,963 people, 77,935 houses or apartments, and a median cost of homes of $132,774, 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 63.02% of the city's housing units. Other types of housing that are prevalent in Fayetteville include large apartment complexes or high rise apartments ( 21.50%), duplexes, homes converted to apartments or other small apartment buildings ( 7.55%), and a few row houses and other attached homes ( 4.25%).

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 46.11% owning and 53.89% 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 ( 24.89%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.51%). There's also some housing in Fayetteville built before 1939 ( 2.06%).

Vacant housing appears to be an issue in Fayetteville. Fully 13.97% 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

Real estate appreciation rates in Fayetteville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.08% during the period.

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 2.78%, 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 3.05%, which equates to an annual appreciation rate of 12.78%.

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 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:
$132,774

Fayetteville, NC HOME PRICES

Value Range
> $977,000 0.4
$733,001 - $977,000 0.4
$489,001 - $733,000 1.0
$391,001 - $489,000 1.3
$293,001 - $391,000 3.7
$195,001 - $293,000 11.4
$98,001 - $195,000 46.4
$49,001 - $98,000 28.3
$0 - $49,000 7.2

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
59.2668501493237 55.1724137931034

Number Of Homes And Apartments:
77,935

Rent & Ownership

 

Average Market Rent:
$1,043 / per month

Homeownership Rate

Homeownership
Owners 46.11
Renters 53.89
Vacant 13.97

Housing Market Details

 

Age of Homes

AGE OF Fayetteville HOMES
2000 or Newer 18.5
1970 - 1999 54.5
1940 - 1969 24.9
1939 or Older 2.1

Types of Homes

TYPE OF Fayetteville HOMES
Single-Family 63.0
Townhomes 4.2
Small Apt. Buildings 7.5
Apt. Complexes 21.5
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Fayetteville HOMES
No Bedroom 0.93
1 Bedroom 8.34
2 Bedrooms 25.46
3 Bedrooms 50.58
4 Bedrooms 13.12
5 or more bedrooms 1.58

Fayetteville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
20.22% 1.09% 4 2
* 10 is highest