Fayetteville, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fayetteville, NY Real Estate Data

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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fayetteville Housing Market Information

With 4,180 people, 1,868 houses or apartments, and a median cost of homes of $173,825, Fayetteville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Fayetteville, accounting for 65.06% of the village's housing units. Other types of housing that are prevalent in Fayetteville include duplexes, homes converted to apartments or other small apartment buildings ( 16.11%), row houses and other attached homes ( 11.98%), and a few large apartment complexes or high rise apartments ( 6.85%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fayetteville. Owner-occupied housing accounts for 71.62% of Fayetteville's homes, and 51.56% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Fayetteville's housing was primarily built during this period, from the '40s through the '60s. A full 50.30% of the village's housing hails from this era. Other housing ages represented in Fayetteville include homes built before 1939 ( 26.59%) and housing constructed between 1970-1999 ( 16.97%). There's also some housing in Fayetteville built between 2000 and later ( 6.14%).

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 2.06%, which ranks in the top 50% nationwide. This equates to an annual average Fayetteville house appreciation rate of 0.20%.

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 0.30%, 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 -1.68%, which equates to an annual appreciation rate of -6.55%.

Notably, Fayetteville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Fayetteville's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$173,825

Fayetteville, NY HOME PRICES

Value Range
> $1,031,000 0.8
$773,001 - $1,031,000 0.6
$515,001 - $773,000 1.8
$412,001 - $515,000 2.7
$309,001 - $412,000 5.0
$206,001 - $309,000 25.6
$103,001 - $206,000 53.9
$51,001 - $103,000 7.6
$0 - $51,000 2.0

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
40.3082151646549 50.6172839506173

Number Of Homes And Apartments:
1,868

Fayetteville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
39.85% 1.96% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,503 / per month

Homeownership Rate

Homeownership
Owners 71.62
Renters 28.38
Vacant 5.94

Housing Market Details

 

Age of Homes

AGE OF Fayetteville HOMES
2000 or Newer 6.1
1970 - 1999 17.0
1940 - 1969 50.3
1939 or Older 26.6

Types of Homes

TYPE OF Fayetteville HOMES
Single-Family 65.1
Townhomes 12.0
Small Apt. Buildings 16.1
Apt. Complexes 6.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Fayetteville HOMES
No Bedroom 0.00
1 Bedroom 11.48
2 Bedrooms 33.28
3 Bedrooms 31.22
4 Bedrooms 20.34
5 or more bedrooms 3.68

Popular Neighborhoods in Fayetteville

Zip Codes in Fayetteville, NY