Fayetteville, Arkansas Housing Market Prices
Fayetteville Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 38% above the Arkansas median$154,899
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Median rent 10% above the Arkansas median$1,043
Housing Market Overview
| Metric | Fayetteville | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $154,899 | $111,957 | $248,835 |
| Price Trend (Annual %) | 5.6% | 3.4% | 7.5% |
| Median Gross Rent | $1,043 | $947 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fayetteville is about 38% higher than in Arkansas. Rent is about 10% higher than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Fayetteville, up about 5.6% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Fayetteville rose about 50.3% between 2015 and 2024, from $694 to $1,043. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Fayetteville.
Buying the median-priced home in Fayetteville costs roughly 12.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Fayetteville. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Fayetteville | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $154,899 | $111,957 | $248,835 |
| Median Household Income | $59,376 | $60,940 | $80,455 |
| Price-to-Income Ratio | 2.6 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fayetteville fell about 3.2%, while median household income rose about 47.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Fayetteville | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 34.5% | 57.4% | 58.5% |
| Rental Rate | 55.8% | 29.0% | 31.2% |
| Vacancy Rate | 9.7% | 13.5% | 10.2% |
| Median Tenure (years) | 9.0 | 14.0 | 15.0 |
| Median Year Moved In | 2017 | 2012 | 2011 |
Fayetteville has a homeownership rate of 34.5%, lower than the Arkansas average of 57.4%. Its housing vacancy rate is 9.7%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Fayetteville | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.21 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1994 | 1987 | 1978 |
| Median Number of Rooms | 4.7 | 5.5 | 5.5 |
The typical housing unit in Fayetteville was built around 1994. On average, 2.2 people live in a home with about 4.7 rooms, staying for about 9.0 years on average.
Fayetteville, AR Housing Compared With Nearby Cities
How Fayetteville, AR compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fayetteville, AR | 86,772 | $154,899 #2/2 | $1,043 #2/2 | 38.2% #2/2 |
| Springdale, AR | 82,221 | $315,842 | $1,068 | 52.1% |
Frequently Asked Questions
Common questions about the housing market in Fayetteville, Arkansas.
What is the median home price in Fayetteville, Arkansas?
The median home price in Fayetteville, Arkansas is $154,899, higher than the Arkansas average of $111,957.
What is the average home price in Fayetteville, Arkansas?
The typical home price in Fayetteville, Arkansas, reported as the median sale price, is $154,899. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Fayetteville, Arkansas?
The median gross rent in Fayetteville, Arkansas is $1,043 per month, higher than the Arkansas average of $947.
What was the median gross rent in Fayetteville in 2020?
In 2020, the median gross rent in Fayetteville, Arkansas was $824 per month.
What is the price-to-rent ratio in Fayetteville, Arkansas?
The price-to-rent ratio in Fayetteville, Arkansas is about 12.4, meaning it would take roughly 12.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Fayetteville.
Are home prices or rent rising faster in Fayetteville, Arkansas?
Both home prices and rent are rising in Fayetteville, up about 5.6% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fayetteville, Arkansas?
34.5% of households in Fayetteville, Arkansas own their home, lower than the Arkansas average of 57.4%.
What is the vacancy rate in Fayetteville, Arkansas?
The housing vacancy rate in Fayetteville, Arkansas is 9.7%, lower than the Arkansas average of 13.5%.
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