Fayetteville, North Carolina 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 56% below the North Carolina median$123,143
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Median rent 1% above the North Carolina median$1,244
Housing Market Overview
| Metric | Fayetteville | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $123,143 | $278,288 | $248,835 |
| Price Trend (Annual %) | 2.9% | 9.3% | 7.5% |
| Median Gross Rent | $1,244 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fayetteville is about 56% lower than in North Carolina. Rent is about 1% higher than the North Carolina 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 2.9% and 4.4% a year respectively. Rent is changing faster.
Median rent in Fayetteville rose about 40.8% between 2015 and 2024, from $883 to $1,244. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Fayetteville.
Buying the median-priced home in Fayetteville costs roughly 8.3 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 North Carolina is about 18.9.
| Metric | Fayetteville | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $123,143 | $278,288 | $248,835 |
| Median Household Income | $58,065 | $72,438 | $80,455 |
| Price-to-Income Ratio | 2.1 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fayetteville rose about 22.6%, while median household income rose about 32.2% 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 | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.1% | 58.3% | 58.5% |
| Rental Rate | 47.5% | 29.2% | 31.2% |
| Vacancy Rate | 10.3% | 12.5% | 10.2% |
| Median Tenure (years) | 10.0 | 15.0 | 15.0 |
| Median Year Moved In | 2016 | 2011 | 2011 |
Fayetteville has a homeownership rate of 42.1%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 10.3%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Fayetteville | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1984 | 1989 | 1978 |
| Median Number of Rooms | 5.3 | 5.6 | 5.5 |
The typical housing unit in Fayetteville was built around 1984. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fayetteville, North Carolina.
What is the median home price in Fayetteville, North Carolina?
The median home price in Fayetteville, North Carolina is $123,143, lower than the North Carolina average of $278,288.
What is the average home price in Fayetteville, North Carolina?
The typical home price in Fayetteville, North Carolina, reported as the median sale price, is $123,143. 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, North Carolina?
The median gross rent in Fayetteville, North Carolina is $1,244 per month, higher than the North Carolina average of $1,227.
What was the median gross rent in Fayetteville in 2020?
In 2020, the median gross rent in Fayetteville, North Carolina was $957 per month.
What is the price-to-rent ratio in Fayetteville, North Carolina?
The price-to-rent ratio in Fayetteville, North Carolina is about 8.3, meaning it would take roughly 8.3 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, North Carolina?
Both home prices and rent are rising in Fayetteville, up about 2.9% and 4.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Fayetteville, North Carolina?
42.1% of households in Fayetteville, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Fayetteville, North Carolina?
The housing vacancy rate in Fayetteville, North Carolina is 10.3%, lower than the North Carolina average of 12.5%.
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