Fayetteville, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fayetteville, NY Real Estate Data


Fayetteville Housing Market Information

With a population of 4,180, 2,038 total housing units (homes and apartments), and a median house value of $189,930, Fayetteville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Fayetteville, accounting for 62.92% 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 ( 18.56%), row houses and other attached homes ( 11.92%), and a few large apartment complexes or high rise apartments ( 6.60%).

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 69.30% of Fayetteville's homes, and 50.50% 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 49.50% of the village's housing hails from this era. Other housing ages represented in Fayetteville include homes built before 1939 ( 23.75%) and housing constructed between 1970-1999 ( 18.29%). There's also some housing in Fayetteville built between 2000 and later ( 8.46%).

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 4.89%, which ranks in the top 50% nationwide. This equates to an annual average Fayetteville house appreciation rate of 0.48%.

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 3.04%, 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 -0.68%, which equates to an annual appreciation rate of -2.69%.

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 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$189,930

Fayetteville, NY HOME PRICES

Value Range
> $1,046,000 0.3
$785,001 - $1,046,000 0.6
$523,001 - $785,000 1.2
$418,001 - $523,000 3.0
$314,001 - $418,000 5.8
$209,001 - $314,000 25.5
$105,001 - $209,000 54.1
$52,001 - $105,000 7.6
$0 - $52,000 2.0

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
35.7381273057329 46.5768799102132

Number Of Homes And Apartments:
2,038

Rent & Ownership

 

Average Market Rent:
$1,134 / per month

Homeownership Rate

Homeownership
Owners 69.30
Renters 30.70
Vacant 7.28

Housing Market Details

 

Age of Homes

AGE OF Fayetteville HOMES
2000 or Newer 8.5
1970 - 1999 18.3
1940 - 1969 49.5
1939 or Older 23.7

Types of Homes

TYPE OF Fayetteville HOMES
Single-Family 62.9
Townhomes 11.9
Small Apt. Buildings 18.6
Apt. Complexes 6.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Fayetteville HOMES
No Bedroom 0.00
1 Bedroom 13.10
2 Bedrooms 32.48
3 Bedrooms 27.34
4 Bedrooms 23.16
5 or more bedrooms 3.91

Fayetteville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
42.37% 2.10% 3 5
* 10 is highest

Popular Neighborhoods in Fayetteville

Zip Codes in Fayetteville, NY