Fayetteville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fayetteville, TN 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 7,121 people, 3,140 houses or apartments, and a median cost of homes of $129,496, 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 62.33% of the city's housing units. Other types of housing that are prevalent in Fayetteville include large apartment complexes or high rise apartments ( 17.40%), duplexes, homes converted to apartments or other small apartment buildings ( 16.34%), and a few row houses and other attached homes ( 2.11%).

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 45.48% owning and 54.52% renting.

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 40.36% of the city's housing hails from this era. Other housing ages represented in Fayetteville include homes built between 1970-1999 ( 36.79%) and housing constructed before 1939 ( 11.92%). There's also some housing in Fayetteville built between 2000 and later ( 10.93%).

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 6.28%, which ranks in the top 40% nationwide. This equates to an annual average Fayetteville house appreciation rate of 0.61%.

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 2.94%, 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 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Tennessee, our data show that Fayetteville's latest annual appreciation rate is lower than 60% of the other cities and towns in Tennessee.

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:
$129,496

Fayetteville, TN HOME PRICES

Value Range
> $1,083,000 0.0
$812,001 - $1,083,000 1.6
$542,001 - $812,000 1.0
$433,001 - $542,000 0.9
$325,001 - $433,000 6.9
$217,001 - $325,000 8.1
$108,001 - $217,000 36.5
$54,001 - $108,000 29.3
$0 - $54,000 15.7

Average for TN
Low for Nation

Value Relative to Nation Value Relative to State
60.1371147310442 44.1326530612245

Number Of Homes And Apartments:
3,140

Fayetteville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
36.95% 1.84% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$632 / per month

Homeownership Rate

Homeownership
Owners 45.48
Renters 54.52
Vacant 8.03

Housing Market Details

 

Age of Homes

AGE OF Fayetteville HOMES
2000 or Newer 10.9
1970 - 1999 36.8
1940 - 1969 40.4
1939 or Older 11.9

Types of Homes

TYPE OF Fayetteville HOMES
Single-Family 62.3
Townhomes 2.1
Small Apt. Buildings 16.3
Apt. Complexes 17.4
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Fayetteville HOMES
No Bedroom 3.51
1 Bedroom 11.04
2 Bedrooms 30.67
3 Bedrooms 40.69
4 Bedrooms 10.95
5 or more bedrooms 3.13

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Zip Codes in Fayetteville, TN