The Most Affordable Neighborhoods in Fayetteville, AR by Home Value

These days, finding an affordable place to live in the Fayetteville area can be challenging. Home prices in Fayetteville are now at a median cost of $342,386, higher than the Arkansas average of $207,061.

The average cost of rent is $1,262/mo in Fayetteville, primarily driven by the current value of real estate in the Fayetteville area. In Fayetteville, 53.61% of households rent, and 43.61% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Fayetteville is $6,367 per month. Households that rent pay about 19.82% of their income on rent here. Fayetteville’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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