Affordable
Expensive
Expensive
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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 $302,200, higher than the Illinois average of $300,242.
The average cost of rent is $850/mo in Fayetteville, primarily driven by the current value of real estate in the Fayetteville area. In Fayetteville, 3.49% of households rent, and 47.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fayetteville is $7,792 per month. Households that rent pay about 10.91% of their income on rent here. Fayetteville’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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