Fayetteville, NC is a desirable place to live due to its low median housing values. The median housing value in Fayetteville is $188,800 compared to the US median of $338,100. On top of the lower cost of living, the appreciation rate for housing in Fayetteville is higher than the national average as well. In the past year alone, house appreciation in Fayetteville has grown 16.91% while the national average was only 8.27%. All this makes Fayetteville an excellent place to invest in real estate or to look for a new home at a reasonable price.
The median home cost in Fayetteville is $188,800. Home appreciation the last 10 years has been 61.0%. Home Appreciation in Fayetteville is up 19.9%.
Average Age of Homes
- The median age of Fayetteville real estate is 35 years old
The Rental Market in Fayetteville
- Renters make up 44.2% of the Fayetteville population
- 3.5% of houses and apartments in Fayetteville, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.