Cost of Living,
Fayetteville's Real Estate Market
Fayetteville Metro Area
Profile: Mid-sized city / Military town Location: South-central North Carolina, along Cape Fear River, 90 miles south of Raleigh-Durham Elevation: 96 Time zone: Eastern Standard Time
|Low home prices||Dependence on military|
|Falling crime rates||Hot, humid summers|
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Once an important inland port on the Cape Fear River, Fayetteville houses two large military installations, Fort Bragg and Pope Air Force Base. The two facilities provide the city’s main economic base. The clean, attractive and walkable downtown contains numerous historic buildings and favorably reflects the results of an extensive revitalization program.
Median home prices represent a good value, and there are appealing developments of homes and golf courses as the area becomes more desirable as a retirement destination. The city is well planned for the most part and sprawl is under control. There are some local arts and culture amenities, but overall the town is quiet. Particularly for those who don’t mind a strong military presence, Fayetteville may be a pleasant surprise.
The area at the edge of the Coastal Plain begins to rise into the Carolina Piedmont Plateau. Surrounding terrain is level to gently rolling with agricultural land and mixed forests of pine and hardwood. The climate is mainly humid subtropical with occasional periods of continental influence. Tropical air brings heat and humidity during most of the summer. Afternoon temperatures frequently reach the 90’s, with frequent afternoon thundershowers.
Coastal storms produce rain year-round. The area is sheltered from extreme cold by mountains to the northwest and the warming effects of the Atlantic. Low temperatures are seldom below 20 degrees. There may be some snow and sleet, but most winter precipitation is rain.
Interesting Facts about Fayetteville, North Carolina
As of 2014, Fayetteville's population is 200,439 people. Since 2000, it has had a population growth of -0.36 percent.--------------------
The median home cost in Fayetteville is $104,300. Home appreciation the last year has been -3.60 percent.--------------------
Compared to the rest of the country, Fayetteville's cost of living is 10.30% Lower than the U.S. average.--------------------
Fayetteville public schools spend $8,968 per student. The average school expenditure in the U.S. is $12,435. There are about 15.6 students per teacher in Fayetteville.--------------------
The unemployment rate in Fayetteville is 5.10 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Fayetteville jobs have Increased by 0.06 percent.
Ranked #96 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
Ranked #217 Best Green Cities
Ranked #250 2005 Best Places to Live
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Average Commute time is 20 minutes. The National Average is 25 minutes.--------------------
Fayetteville's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes